Hubballi, India – February 5, 2025 – VRL Logistics Ltd (NSE: VRLLOG, BSE: 539118) has released its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported steady growth in its core transportation business despite market challenges.
Key Financial Highlights (₹ in lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 82,522.39 | 79,948.48 | 73,667.16 | 2,35,191.38 | 2,12,022.83 | 2,88,860.83 |
| Total Income | 83,090.07 | 80,197.93 | 74,005.10 | 2,36,329.54 | 2,13,750.76 | 2,91,750.76 |
| Total Expenses | 74,744.03 | 75,267.46 | 72,446.99 | 2,22,449.93 | 2,04,610.56 | 2,78,920.63 |
| EBITDA (Excluding Other Income) | 8,346.04 | 4,930.25 | 1,868.17 | 15,067.45 | 9,188.57 | 12,099.67 |
| Profit Before Tax (PBT) | 5,942.34 | 3,581.82 | 1,365.06 | 10,665.84 | 6,715.13 | 8,785.10 |
| Net Profit | 5,942.34 | 3,581.82 | 1,365.06 | 10,665.84 | 6,715.13 | 8,785.10 |
| Earnings Per Share (EPS) (₹) | 6.79 | 4.09 | 1.56 | 12.43 | 7.72 | 10.18 |
Segment-Wise Performance
- Goods Transport Business: Continues to be the company’s sole revenue-generating segment. The company does not have any subsidiaries, associates, or joint ventures as of December 31, 2024.
Corporate Developments
- No Interim Dividend Declared: The Board of Directors decided not to declare a second interim dividend for FY 2024-25.
- Asset Sale: In Q1 FY25, the company sold an immovable property (land and building) to a promoter group company for ₹1,488 lakhs, resulting in a profit before tax of ₹1,136.77 lakhs, recorded under Other Income.
- Air Business Divestment: The company previously executed a Business Transfer Agreement on July 28, 2023, to sell its passenger air transport business for ₹1,700 lakhs.
Management Commentary
Vijay Sankeshwar, Chairman and Managing Director, commented:"We continue to maintain a strong operational performance despite economic uncertainties. The logistics sector remains resilient, and we are confident in our strategic initiatives to drive future growth."
Strategic Outlook
- The company remains focused on expanding its logistics network and improving operational efficiency.
- With a robust balance sheet and steady demand in the logistics sector, VRL Logistics aims for sustainable growth in the coming quarters.