Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of VRL Logistics Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 698 | 674 | 709 | 737 | 768 | 727 | 799 | 825 | 809 | 744 | 797 | 827 | 853 |
| Expenses + | 584 | 572 | 617 | 642 | 663 | 640 | 666 | 659 | 622 | 593 | 646 | 657 | 675 |
| Operating Profit | 114 | 102 | 92 | 94 | 105 | 87 | 133 | 166 | 187 | 152 | 151 | 170 | 177 |
| OPM % | 16% | 15% | 13% | 13% | 14% | 12% | 17% | 20% | 23% | 20% | 19% | 21% | 21% |
| Other Income + | 137 | 9 | 6 | 2 | 4 | 15 | 2 | 6 | 3 | 6 | 7 | 4 | 6 |
| Interest | 13 | 16 | 19 | 21 | 22 | 23 | 22 | 24 | 26 | 26 | 24 | 22 | 23 |
| Depreciation | 45 | 49 | 52 | 57 | 58 | 62 | 64 | 65 | 64 | 65 | 65 | 68 | 64 |
| Profit before tax | 192 | 46 | 27 | 19 | 29 | 18 | 49 | 83 | 100 | 67 | 69 | 84 | 98 |
| Tax % | -0% | 26% | 28% | 27% | 26% | 24% | 27% | 29% | 25% | 26% | 28% | 23% | 26% |
| Net Profit + | 193 | 34 | 20 | 14 | 22 | 13 | 36 | 59 | 74 | 50 | 50 | 65 | 72 |
| EPS in Rs | 10.93 | 1.94 | 1.13 | 0.78 | 1.23 | 0.77 | 2.05 | 3.40 | 4.25 | 2.86 | 2.85 | 3.70 | 4.12 |
Financials of VRL Logistics Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,673 | 1,723 | 1,803 | 1,922 | 2,110 | 2,119 | 1,763 | 2,164 | 2,649 | 2,889 | 3,161 | 3,221 |
| Expenses + | 1,396 | 1,451 | 1,584 | 1,688 | 1,865 | 1,815 | 1,515 | 1,788 | 2,245 | 2,494 | 2,587 | 2,571 |
| Operating Profit | 277 | 272 | 220 | 235 | 245 | 303 | 248 | 376 | 404 | 394 | 574 | 650 |
| OPM % | 17% | 16% | 12% | 12% | 12% | 14% | 14% | 17% | 15% | 14% | 18% | 20% |
| Other Income + | 8 | 8 | 9 | 14 | 8 | 6 | 13 | 21 | 171 | 21 | 25 | 24 |
| Interest | 60 | 32 | 25 | 12 | 11 | 37 | 37 | 44 | 56 | 79 | 96 | 95 |
| Depreciation | 88 | 90 | 98 | 98 | 101 | 168 | 160 | 144 | 159 | 216 | 254 | 261 |
| Profit before tax | 138 | 158 | 105 | 139 | 140 | 104 | 64 | 209 | 360 | 121 | 250 | 318 |
| Tax % | 34% | 34% | 33% | 34% | 35% | 14% | 29% | 23% | 10% | 26% | 27% | 26% |
| Net Profit + | 91 | 104 | 70 | 93 | 92 | 90 | 45 | 160 | 323 | 89 | 183 | 237 |
| EPS in Rs | 5.33 | 5.71 | 3.86 | 5.12 | 5.09 | 4.99 | 2.55 | 9.06 | 18.29 | 5.08 | 10.46 | 13.54 |
| Dividend Payout % | 38% | 44% | 52% | 0% | 54% | 70% | 78% | 44% | 14% | 0% | 72% | 0% |
Financials of VRL Logistics Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 91 | 91 | 90 | 90 | 90 | 88 | 88 | 88 | 87 | 87 | 175 |
| Reserves | 271 | 423 | 450 | 503 | 556 | 527 | 509 | 563 | 888 | 858 | 997 | 968 |
| Borrowings + | 443 | 262 | 185 | 81 | 141 | 454 | 422 | 537 | 720 | 1,036 | 1,226 | 1,154 |
| Other Liabilities + | 154 | 166 | 171 | 188 | 191 | 154 | 180 | 192 | 196 | 232 | 275 | 309 |
| Total Liabilities | 953 | 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
| Fixed Assets + | 707 | 712 | 694 | 625 | 705 | 990 | 954 | 1,098 | 1,482 | 1,901 | 2,243 | 2,305 |
| CWIP | 9 | 16 | 2 | 8 | 42 | 4 | 6 | 35 | 38 | 24 | 15 | 22 |
| Investments | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 0 |
| Other Assets + | 237 | 211 | 201 | 230 | 231 | 230 | 238 | 247 | 356 | 290 | 328 | 278 |
| Total Assets | 953 | 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
Financials of VRL Logistics Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 235 | 264 | 198 | 205 | 192 | 257 | 272 | 371 | 318 | 424 | 558 | 654 |
| Cash from Investing Activity + | -49 | -107 | -59 | -44 | -209 | -119 | -32 | -180 | -144 | -243 | -430 | -294 |
| Cash from Financing Activity + | -185 | -155 | -146 | -154 | 11 | -138 | -234 | -201 | -171 | -174 | -93 | -398 |
| Net Cash Flow | 2 | 2 | -7 | 7 | -6 | 0 | 6 | -10 | 3 | 7 | 35 | -38 |
| Free Cash Flow | 186 | 154 | 136 | 160 | -19 | 137 | 239 | 190 | -90 | 148 | 128 | 359 |
| CFO/OP | 95% | 110% | 99% | 109% | 100% | 99% | 115% | 114% | 100% | 114% | 106% | 109% |
Financials of VRL Logistics Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 15 | 15 | 15 | 14 | 15 | 13 | 11 | 11 | 11 | 11 | 10 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 20 | 15 | 15 | 15 | 14 | 15 | 13 | 11 | 11 | 11 | 11 | 10 |
| Working Capital Days | -37 | -15 | -10 | -1 | 6 | -15 | -21 | -18 | -16 | -25 | -22 | -26 |
| ROCE % | 24% | 24% | 17% | 22% | 21% | 16% | 10% | 22% | 18% | 11% | 16% | 18% |