Leading transportation and logistics company VRL Logistics Ltd reported a net profit of ₹64.75 crore for the third quarter, representing a 9% increase from ₹59.42 crore in the year-ago period. According to reports from CNBC TV18, the company maintained total income at ₹831 crore for Q3 FY26, unchanged from ₹831 crore in Q3 FY25, though impacted by volume moderation from contract restructuring and voluntary exit from low-margin business. On a quarter-on-quarter basis, total income rose 3% from ₹804 crore in Q2 FY26, supported by improving demand through new customer additions and the return of some previously lost customer accounts. The company's ability to control expenses and enhance realization per ton has been a key driver of this performance.
The company demonstrated strong operational efficiency with EBITDA margin remaining robust at 20.9%, up 20 basis points year-on-year, driven by improved realisation, discontinuation of low-margin business, and stringent expense control. As reported by CNBC TV18, on a quarter-on-quarter basis, margin improved by 120 basis points. Fuel cost for the 9-month period ended December 2025 decreased to around 25% from 28% in the same period last year, reflecting effective cost management strategies. The company also invested ₹56 crore to acquire land and a building for setting up owned premises, with captive fuel pumps increasing from seven to eight to enable higher bulk procurement and improve fuel cost efficiency.
The company's financial position showed significant improvement with net debt reducing to ₹272 crore as of December 2025, down from ₹470 crore in December 2024, reflecting strong cash generation and a strengthened balance sheet. According to CNBC TV18, this improvement is expected to lower interest costs and enhance profitability. This substantial debt reduction of ₹198 crore is a significant achievement that demonstrates the company's improved financial management and operational efficiency.
VRL Logistics plans to add around 500 HCV vehicles in CY26, with deliveries scheduled from January 2026, as reported by CNBC TV18. The company's total vehicle fleet stands at 5,745 vehicles, including cranes and tankers, down 356 vehicles year-on-year but up 37 vehicles quarter-on-quarter. Total carrying capacity reached 76,648 tons, up 9,302 tons year-on-year and 636 tons quarter-on-quarter. While 571 vehicles were scrapped year-on-year, 215 were added during the same period. About 80% of vehicles are debt-free, and 15% are fully depreciated and operating in optimal condition.
The board declared an interim dividend of ₹5 per equity share, with the record date to be announced separately. According to CNBC TV18, no incremental impact is expected from compliance with new labour codes, indicating proactive practices and an employee-friendly emolument structure. The dividend declaration reflects the company's confidence in its operational performance and commitment to shareholder returns. Shares of VRL Logistics Ltd ended at ₹278.30, down by ₹4.50, or 1.59%, on the BSE following the results announcement.
