VRL Logistics Limited — Investor Meet, 07-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

VRL Logistics reported Q2 FY26 income of INR 804 Cr (flat YoY) despite an 11% tonnage decline from shedding low-margin contracts. Net profit soared 39% YoY to INR 50 Cr, with EBITDA up 17% to INR 158 Cr, driven by cost optimization and improved realizations. Fuel costs decreased, and fleet utilization improved.

Management sees Q2 tonnage recovering 4% QoQ and expects 5-6% sequential growth in Q3 and 7-8% in Q4. They anticipate 4% full-year revenue growth while maintaining sustainable EBITDA margins around 19%. The company is focused on profitable growth, efficiency, and converting leased facilities to owned assets. Sentiment indicates confidence in volume recovery.