VRL Logistics Q2 FY27 Profit Surges 106% to ₹103 Cr on 20% Revenue Growth
VRL Logistics reported a 106% YoY surge in Q2 FY27 profit to ₹103 Cr on 20% revenue growth to ₹961.9 Cr. H1 FY27 profit rose 84% to ₹183.5 Cr. EBITDA increased 43% in Q2 and 32% in H1. The company is completing a ₹280 Cr equity buyback and saw its credit rating improve to A+ (positive).
The substantial increase in profit and revenue, coupled with a credit rating upgrade and a completed share buyback, are material financial events that are expected to have a significant positive impact on investor sentiment and the company's valuation.
The company reported significant year-on-year growth in revenue, profit, and EBITDA, along with an improved credit rating and successful completion of key corporate actions like share buyback, indicating strong financial performance and positive outlook.
VRL Logistics Limited announced strong financial results for the second quarter and half-year ended September 30, 2026. The company reported a significant 106% year-on-year increase in profit after tax (PAT) to ₹103 crore for Q2 FY27, compared to ₹49.9 crore in Q2 FY26. Revenue from operations for the quarter grew by 20% to ₹961.9 crore from ₹797.0 crore in the previous year.
For the half-year ended September 30, 2026 (H1 FY27), VRL Logistics posted a profit after tax of ₹183.5 crore, an 84% increase from ₹99.9 crore in H1 FY26. Total income for the half-year rose by 19% to ₹1851.4 crore from ₹1554.8 crore.
EBITDA for Q2 FY27 increased by 43% to ₹225.6 crore, and for H1 FY27, it grew by 32% to ₹418.2 crore. The company's earnings per share (EPS) also saw a substantial jump, increasing by 106% year-on-year to ₹5.89 for Q2 FY27 and by 84% to ₹10.49 for H1 FY27.
Key operational highlights include a 19.7% EBITDA margin in Q2 FY27, up from 15.7% in Q2 FY26, and a 22.6% margin in H1 FY27, up from 20.3% in H1 FY26. The company's sales mix saw LTL (Less than Truck Load) contributing 90.4% of total revenue in H1 FY27. Tonnage increased by 10% H1 YoY, and realization per ton increased by 9% H1 YoY. The company also expanded its footprint by adding 67 new branches in H1 FY27.
In a significant development, the company's equity buyback of ₹280 crore at ₹320 per equity share, approved by shareholders on October 3, 2026, with a record date of October 22, 2026, is expected to be completed soon. The net debt has decreased from ₹440 crore as of March 31, 2026, to ₹337 crore as of September 30, 2026. VRL Logistics also saw its long-term ICRA credit rating improve from A+(stable) to A+(positive).
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