Investor Presentation

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No.C/1, G-Block, Dalal Street Bandra – Kurla Complex, Bandra (E), Mumbai- 400 001 Mumbai – 400 051 Scrip Code: 539118 Scrip Code: VRLLOG Dear Sir / Madam, Sub: Submission of Earnings Presentation With respect to above captioned subject and in accordance with the extant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and other applicable laws for time being in force, we enclose herewith the Earnings Presentation of the Company which would also be hosted on the website of our Company. We request you to kindly take note of the same. Thanking you, Yours faithfully For VRL LOGISTICS LIMITED ANIRUDDHA PHADNAVIS Company Secretary & Compliance Officer Date: 02.11.2026 Place: Hubballi Financial Results for the Quarter and Half- Year ended September 30, 2026 Leading the way in LTL logistics with robust owned-asset infrastructure, ensuring reliability and service excellence DISCLAIMER • Certain statements contained in this document may be statements of future expectations/forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to differ materially from those expressed or implied herein. • The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied, is made and no reliance should be placed on the fairness, accuracy, completeness of the information contained herein. • This presentation may contain certain forward looking statements within the meaning of applicable securities laws and regulations. These statements include details of the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial position of the Company. Such forward-looking statements are not a guarantee of future performance and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company presently believes to be reasonable. Many factors could cause the actual results, to be materially different and significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime, etc • None of VRL Logistics Ltd. or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. • This document does not constitute an offer or invitation to purchase or subscribe to any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. FINANCIALS VRL LOGISTICS LTD A NEW BENCHMARK IN PERFORMANCE AND PROGRESS Q2 FY27 H1 FY27 REVENUE REVENUE EQUITY BUYBACK ₹ 967 Cr ₹ 1851 Cr @ ₹ 320/- 20% QYOY 19% H1-YOY REVENUE per equity share EBITDA EBITDA ₹ 226 Cr ₹ 418 Cr EQUITY BUYBACK 43% QYOY 32% H1-YOY Total Size of ₹ 280 Cr PROFIT PROFIT Record Date : 22/10/2026 ₹ 103 Cr ₹ 183 Cr 106% QYOY 84% H1-YOY RATING UPGRADE EPS EPS ₹ 5.89 ₹ 10.49 (ICRA) 106% Q-YOY 84% H1-YOY Q2 & H1FY27 Key Highlights Total Income (₹ Cr.) EBITDA (₹ Cr.) PAT (₹ Cr.) Cash Flow from Operations (before working capital 19.7% 23.3% 20.3% 22.6% 6.2% 10.7% 6.4% 9.9% changes) (in ₹ Cr.) +20% +19% +43% +32% +106% +84% 416 (vs ₹ 314 in H1FY26) 226 418 183 804 967 1851 316 103 158 100 1555  GROWTH -Intensified Marketing Efforts in established and new branches to H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 improve volumes  Expansion - Strategic Geographical Expansion in H1FY27 Sales Mix (%) untapped areas 1.4% Tonnage ( in ‘000s) Realisation per ton (₹) 8.2%  Efficiency - Disciplined +10% +9% cost management ensuring +11% efficiency in key operating 8840 expense 1079 2099 8697 8079 7968 Net Debt (in ₹ Cr.) 976 1911 90.4% (vs ₹ 440 cr. As at Mar 2026) H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 LTL FTL Others Q2FY26 Q2FY27 • Note: % to Total Revenue Margin % • LTL-Less than Truck Load • FTL-Full Truck Load 5 Profit & Loss Statement Profit and Loss (in ₹ Cr.) Q2FY27 Q2FY26 Q-YoY Q1 FY27 QoQ H1FY27 H1FY26 H-YoY Revenuefrom Operations 961.9 797.0 21% 878.8 9% 1840.8 1541.3 19% Other Income 4.7 7.0 6.0 10.7 13.5 Total Income 966.6 803.9 20% 884.8 9% 1851.4 1554.8 19% Freight, handling and servicing cost 567.8 480.4 522.0 1089.8 920.9 Employee Cost 159.3 147.1 153.6 312.9 282.8 Other Expenses (Administrative Expenses) 13.9 18.3 16.6 30.5 34.9 EBITDA 225.6 158.1 43% 192.6 17% 418.2 316.2 32% EBITDA Margin 23.3% 19.7% 367 bps 21.8% 158 bps 22.6% 20.3% 225 bps Depreciation 63.9 64.8 62.4 126.2 129.4 EBIT 161.8 93.4 73% 130.2 24% 292.0 186.8 56% EBIT Margin 16.7% 11.6% 512 bps 14.7% 202 bps 15.8% 12.0% 376 bps Finance Cost 23.9 24.2 22.7 46.6 50.5 Profit before Tax 137.8 69.1 99% 107.5 28% 245.4 136.3 80% Profit before Tax Margin 14.3% 8.6% 566 bps 12.2% 211 bps 13.3% 8.8% 448 bps Tax 34.9 19.2 27.0 61.9 36.4 Profit for the year (Excl. comprehensive 103.0 49.9 106% 80.5 28% 183.5 99.9 84% loss/income) Profit After Tax Margin 10.7% 6.2% 445 bps 9.1% 155 bps 9.9% 6.4% 348 bps FINANCIAL PERFORMANCE Revenue Analysis  Revenue increased by 20% Q2YoY, 9% QoQ & 19% H1YoY  Driven by strong value proposition and deep customer trust, business improved with volumes increasing 11% Q2YoY , 6% QoQ & 10% H1YoY  Fuel price escalation along with rationalization of freight contracts necessitated freight rate hike, resulting in 9% Q2YoY, 3% QoQ & 9% H1YoY uplift in realisation.  We expanded our footprint by adding 67 new branches in H1FY27, strengthening our geographic reach  Addition of New customers including Contractual customers. Profitability Analysis – Q2 YoY Q2-27 Q2-26 Q2-27 Q2-26 Difference Q2 YOY Reasons ₹ in Crores (% to Revenue) EBITDA 225.6 158.1 23.34% 19.67% 3.67% Increase in Volumes & Freight Rates leads to increase in margins • Fuel consumption qtyincreased by 5.5% • Average procuring cost per litreof Diesel increased from ₹85.44 to ₹97.05 Fuel Cost 247.1 205.7 25.57% 25.59% -0.02% • Bulk Purchase from refineries down from 40.6% to 13.1%, as bulk prices were higher than the Retail prices. • Increase in kms by own Vehicles, Increase in number of Toll Plazas from 1861 Bridge & Toll Expenses 68.3 62.3 7.07% 7.75% -0.68% to 2057 across India, Increasein toll prices from 1stApril, However Percentage to revenue is decreased dueto freight hikes Hamali(Loading & 58.4 50.4 6.05% 6.27% -0.22% • Increase in Tonnage, Percentage to revenue is decreased dueto freight hikes Unloading charges) Vehicle Running, R & M 53.5 42.2 5.53% 5.25% 0.29% • Increase in Kmsrun by own Vehicles, Increase in Driver incentives per km Lorry Hire Charges 43.2 35.6 4.47% 4.43% 0.04% • Increase in long haul hired vehicleKms.andIncrease in Cost per Km Other Operating 97.2 84.2 10.06% 10.48% -0.42% • Percentage to revenue is decreased dueto increase in Volumes & Freight rates Expenses • Increments from Aug 25. However Percentage to revenue is decreased dueto Employee cost 159.3 147.1 16.48% 18.30% -1.82% increase in Volumes & Freight rates Administrative 13.9 18.3 1.43% 2.28% -0.84% • Decrease in Legal & Professional fees & CSR expenses Expenses Depreciation 63.9 64.8 6.61% 8.06% -1.45% • Decrease in ROU EBIT 161.8 93.4 16.73% 11.61% 5.12% • Due to increase in EBITDA margins Finance Costs 23.9 24.2 2.48% 3.02% -0.54% • Due to decrease in Interest on Lease liability PBT 137.8 69.1 14.26% 8.60% 5.66% • Due to increase in EBIT margins PAT 103.0 49.9 10.65% 6.21% 4.45% • Due to increase in PBT margins. 8 Profitability Analysis - QoQ Q2-27 Q1-27 Q2-27 Q1-27 Difference QoQ Reasons ₹ in Crores ( [Showing first 8,000 characters — download PDF for full document]