VRL Logistics declares Q3FY22 result: Q3FY2021-22 records the highest ever revenue @ 683 crores, up by 20.18% YOY, and 7.08% QoQ Q3FY2021-22 EBITDA @ 134 crores and Margins @ 19.6%, amongst the best in the industry 9MFY2021-22 EBITDA @ 289 crores and Margins @ 16.6%, amongst the best in the industry Increase in volume and better realisations leads to higher EBITDA margins Geographical Expansion Business shift from unorganised to organised fleet operators due to GST & E-way Bill reforms Operational Efficiencies Increase in sector wise revenue contribution Q3FY2021-22 records the highest ever revenue @ 596 crores , up by 18.98% YOY, and 4.8% QoQ Q3FY2021-22 EBITDA @ 128 crores and Margins @21.47%, amongst the best in the industry 9MFY2021-22 EBITDA @ 281 crores and Margins @ 18.12%, amongst the best in the industry Addition of 29 new branches in Q3FY22 and overall 60 new branches in 9MFY22. Planning to expand network by opening new branches in untapped market. Number of GT Vehicles increased from 4575 in FY2020-21 to 4706 vehicles in 9MFY2021-22. Total of 246 GT Vehicles were added in 9MFY2021-22.(Q1FY22- 54 vehicles, Q2FY22- 138 vehicles, Q3FY22- 54 vehicles- Total 246 GT vehicles). Number of Vehicles Sold/scrapped – 115 GT Vehicles. Net vehicle addition is 131 GT vehicles. Focus on expanding network of own fuel stations and fuel storage capacity at key locations thereby reducing the impact of rising fuel costs and improve profitability margin. Procurement of Bio-fuel @ 8.01% of total quantity in 9MFY22, decreased by 24.78% as compared to 32.79% in 9MFY21. (Q1FY22- 13.49% of total quantity, Q2FY22– 10.55% of total quantity, 1.95% in Q3 FY22) 19 electric vehicles added during 9MFY22. Bus Operations turns EBITDA positive on the back of increased occupancy and realisations. Enabled All India Permit for Buses from 01.4.2021 The ICRA Debt rating is reaffirmed as A+(stable) Net debt increased from Rs 10144.31 lakhs as on Mar 31, 2021 to Rs 10154.57 lakhs as on December 31, 2021 Interim Dividend of Rs 8 per equity share Result PDF
Conference Call with VRL Logistics Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.