VRL Logistics has submitted the transcript of its Q3 FY26 earnings conference call to stock exchanges under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The earnings call was held on February 6, 2026, to discuss the company's financial and operational performance for the third quarter and nine months ended December 31, 2025.

Regulatory Compliance and Transcript Submission

The company submitted the earnings call transcript to BSE Limited and National Stock Exchange of India Limited on February 10, 2026, signed by Company Secretary and Compliance Officer Aniruddha Phadnavis. The transcript has been made available on the company's website for stakeholder access, maintaining transparency in investor communications.

Management Outlook and Volume Growth Expectations

During the earnings call, CFO Sunil Nalavadi outlined the company's growth strategy and volume expectations. The management expects sequential tonnage growth of 3% to 4% in Q4 FY26, with daily tonnage having crossed 10,900 tons during Q3. For the next financial year, the company anticipates approximately 10% to 11% volume growth, supported by new client additions and return of previously lost accounts.

Fleet Expansion and Capacity Enhancement

The company has placed orders for 500 new commercial vehicles to meet growing demand and replace older fleet. Out of these 500 vehicles, approximately 100 have already been delivered in January 2026. The new fleet comprises 20-tonne capacity vehicles, representing a 10% increase in overall capacity to match the expected volume growth.

Operational Performance and Network Expansion

The management highlighted strong operational metrics during the call. Realization per tonne stood at ₹8,117, reflecting a 10% year-on-year increase due to price hikes and discontinuation of low-margin contracts. The company operates through 1,250 branches and 50 trans-shipment hubs across 24 states and 5 union territories, with plans to expand through franchisee appointments.

Financial Guidance and Margin Outlook

For FY27, the management projects revenue of approximately ₹3,600 crores based on 11% revenue growth expectations. EBITDA margins are expected to be maintained at around 20% levels, translating to EBITDA of ₹730-740 crores. The company plans total capex of ₹350 crores for the next financial year, including ₹160-170 crores for fleet addition and similar amount for land and building acquisitions at strategic locations.

Source: VRL Logistics Q3 FY26 Earnings Call Transcript

VRL Logistics Limited has formally announced a Board of Directors meeting scheduled for February 5, 2026, to address key financial matters for the third quarter of fiscal year 2026. The meeting will focus on approving quarterly financial results and considering dividend distribution to shareholders.

Board Meeting Agenda

The board meeting will address two primary items under Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors will review the company's financial performance and evaluate dividend prospects for the current fiscal year.

Key Deliberations

The board will undertake comprehensive review of the company's financial performance during the meeting. Two critical matters will be addressed during the session.

Financial Results Approval

The directors will consider, approve and take on record the reviewed unaudited financial results for the quarter and nine months ended December 31, 2025. This represents the third quarter performance for the fiscal year 2025-26.

Interim Dividend Consideration

The board will evaluate the proposal for declaration of an interim dividend for the financial year 2025-26. The dividend consideration reflects the company's commitment to shareholder value distribution.

Regulatory Compliance

The meeting intimation was issued in compliance with SEBI Listing Regulations, ensuring transparent communication with stakeholders. Company Secretary and Compliance Officer Aniruddha Phadnavis signed the formal notification on January 24, 2026, from the company's corporate office in Hubballi, Karnataka.

The company has confirmed that the meeting information will be hosted on its official website for stakeholder access and transparency.