Q1-FY27 · Sunil Madawadi
This financial year started with a new benchmark in performance with a historic start by achieving the highest ever profit for the quarter of rupees 81 crores.
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This financial year started with a new benchmark in performance with a historic start by achieving the highest ever profit for the quarter of rupees 81 crores.
The increase in cost has been passed on to the customers without any impact on the growth in volumes. The customers acceptance levels is very high and it's all because of you know the good service what we are providing to the customers.
Considering these activities even for next 3 to four years we can expect the volume growth in the range of around 7 to 8%. The increasing volume plus passing on the increase in cost to the customers definitely will support us to maintain the existing operating profits at a level of around 20-21% is maintainable even for next 3 to four years.
We expect a gradual uptick in volumes going forward. And during the quarter, we placed an order of 500 commercial vehicles, new HCVs to meet the demand and improve fleet efficiency through replacement of older vehicle.
Our profitability AITA margin stood at around 20.9% up by around 20 basis point year on year and 130 basis points quarter on quarter supported by improved realization, discontinuation of low margin business, strict cost control measures and better asset utilizations.
This is actually very conservative number actually what I'm indicating based on our internal plans. With the additional improvements say for example now change in GST that has supported some volume growth and tomorrow again if there is a good monsoon spread and good agricultural activities again it will support to further addition in the volumes.