Voler Car reported a 22.4% decline in net profit to ₹69.67 lakh for Q4 FY26, compared to ₹89.78 lakh in the corresponding period of the previous year. The company’s total income for the quarter increased 27.43% to ₹1,469.18 lakh, primarily driven by a rise in revenues to ₹1,395.15 lakh from ₹1,108.11 lakh in Q4 FY25. The financial performance was disclosed in an investor presentation filed with the exchanges.

Financial Performance

The company’s earnings before interest, depreciation, taxes, and amortization (EBIDTA) stood at ₹98.57 lakh for Q4 FY26, a decrease from ₹122.72 lakh in the prior year. Total expenditure for the quarter rose to ₹1,370.61 lakh from ₹1,030.25 lakh, with direct expenses increasing to ₹1,101.82 lakh. Employee benefit expenses also grew to ₹156.77 lakh from ₹101.17 lakh.

Annual Highlights

For the full year ended March 31, 2026, Voler Car recorded a profit after tax of ₹347.06 lakh, a decrease from ₹449.89 lakh in FY25. Total income for FY26 grew to ₹5,544.24 lakh from ₹4,299.05 lakh in the previous fiscal year. The company’s earnings per share (EPS) for FY26 stood at ₹3.11, down from ₹5.30 in FY25.

Operational Overview

Vikas Parasrampuria, Whole-time Director, attributed the revenue growth to continued demand for organized corporate mobility solutions. The company operates on an asset-light model, providing Employee Transportation Services (ETS) to clients across sectors such as IT/ITES, BFSI, and engineering. As of FY26, Voler Car managed a fleet of over 3,000 vehicles and served more than 29 corporate clients across 17+ cities.

Strategic Outlook

Management stated that the long-term outlook for the employee transportation industry remains encouraging, supported by increasing corporate outsourcing. The company plans to focus on geographical expansion into Tier-I and Tier-II cities, fleet expansion, and brand building to achieve sustainable growth. Voler Car is also actively expanding its electric vehicle (EV) deployment, with an EV share of approximately 30% in its current portfolio.

Voler Car Limited, listed on the NSE Emerge platform, announced its audited standalone financial results for the fourth quarter and full year ended March 31, 2026, following a Board of Directors meeting held on May 8, 2026. The results were approved pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and audited by M/s. Goyal Goyal & Co., Statutory Auditors, who issued an unmodified opinion on the financial statements. Subsequently, on May 12, 2026, the company also issued a press release under Regulation 30 of the SEBI (LODR) Regulations, 2015, providing an overview of financial highlights, growth initiatives, and management commentary. The company operates in a single reportable segment of Employee Transportation Services.

Financial Performance Overview

For the full year ended March 31, 2026, Voler Car Limited recorded revenue from operations of ₹5,284.41 lakhs, compared to ₹4,239.85 lakhs in the previous year. Other income for FY26 stood at ₹259.83 lakhs versus ₹59.20 lakhs in FY25, taking total income to ₹5,544.24 lakhs against ₹4,299.05 lakhs in FY25. EBITDA for FY26 stood at ₹482.64 lakhs, while profit before tax (PBT) was ₹466.58 lakhs and net profit (PAT) was ₹347.06 lakhs. The following table presents the key financial metrics for the full year and the latest quarter:

Expense Breakdown

Total expenses for FY26 amounted to ₹5,077.66 lakhs compared to ₹3,777.95 lakhs in FY25. After accounting for total tax expenses of ₹119.52 lakhs, net profit for FY26 was ₹347.06 lakhs versus ₹449.89 lakhs in FY25. The expense composition for FY26 is detailed below:

Operational Highlights

During FY26, Voler Car served 29+ corporate clients across various industries including IT/ITeS and enterprise businesses. The company expanded its operational presence across 17+ cities, strengthening its service network, while its employee strength stood at 115+ professionals supporting daily operations and client servicing. The company managed 2,100+ trips per day during FY26, reflecting strong execution capabilities and operational scale, with a continued focus on service reliability, operational efficiency, and customer-centric mobility solutions.

Management Commentary

Commenting on the performance, Mr. Vikas Parasrampuria, Whole-Time Director, said: "FY26 was an important year for Voler Car as we continued to strengthen our presence in the employee transportation segment and expand our operational reach across customers and locations. During the year, the Company witnessed healthy growth in revenues driven by continued demand for organized corporate mobility solutions. The long-term outlook for the employee transportation industry remains encouraging, supported by increasing corporate outsourcing and mobility requirements. With our growing market presence and disciplined approach towards operations, we remain optimistic about the opportunities ahead and confident about achieving sustainable growth in the coming years."

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹4,630.77 lakhs compared to ₹4,378.77 lakhs as at March 31, 2025. Shareholders' funds increased to ₹4,050.00 lakhs from ₹3,702.94 lakhs, comprising share capital of ₹1,114.35 lakhs and reserves and surplus of ₹2,935.65 lakhs. Cash and bank balances were ₹2,641.09 lakhs as at March 31, 2026, compared to ₹3,109.05 lakhs in the prior year. Trade receivables stood at ₹617.47 lakhs versus ₹447.94 lakhs in the previous year.

IPO and Private Placement Fund Utilisation

The company had issued 30,00,000 equity shares of ₹10 each at a premium of ₹80 each as a fresh issue via public offering and got listed on the Emerge Platform of NSE Limited on February 19, 2025. As at March 31, 2026, out of the total allocated amount of ₹2,700.00 lakhs from the IPO proceeds, ₹535.56 lakhs had been utilised and ₹2,164.44 lakhs remained unutilised, with the unutilised amount invested in fixed deposits.

Additionally, the company had issued 11,370 equity shares of ₹10 each at a premium of ₹24,590 each as private placement on June 29, 2024. The entire allocated amount of ₹523.02 lakhs from this placement has been fully utilised towards funding working capital requirements as at March 31, 2026.

Internal Auditor Re-appointment

The Board of Directors, at its meeting held on May 8, 2026, re-appointed the In-House Internal Audit Department as the Internal Auditor of the Company for the financial year 2026-27. The department will be headed by Mr. Nirankar Mishra, General Manager (GM), and will comprise such other officials as may be decided by the management from time to time. The department is responsible for ensuring effective internal controls, compliance, and risk management, and conducts independent audits to improve operational and financial efficiency.