VRL LOGISTICS LTD

R.gd. & Admn. Otticc ! Bengaluru Road Varur HUBBALLI - 581 2O7 Karnataka State Phone : 63661 i9394 Fax : 0836 2)37614 e-mail : [email protected]

To,

BSE Umited Phiroze Jeeieebhoy Towars DalalStreet Mumbal- 400 001 Scrlp Codes i 539118

NationalStock Exchange ot lndia Limited Exchange Plaza, Plot No.C/l, G-Block, Bandla - Xurla Complex, gandra (E), Mumbai-400 051 Scrip Codes : VRLLOG

Dear Sir / Madam,

Sub: Submlssion of Earnints Prcsentation

With respect to above captioned subject and in accordance with the extant provisions of the SEB| (ListinB Obligations and Disclosure Requirements) Regulations 2O1S and other applicable laws for time being in force, we enclose herewith the Earnints presentation of the Company which would also be hosted on the website ofour Company.

We request you to kindly take note ofthe same

Thankingyou,

For VRL I.IMITED

ANIRUDDHA P}IADNAVIS COMPANY SECRETARY AND COMPI.IANCE

Date:07.08.2021 Place: Hubballi

VRL Financial Results - Q1 2021-22

Earnings Presentation

August 07, 2021

• Certain statements contained in this document may be statements of future expectations/forward looking statements that are based on management's current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to differ materially from those expressed or implied therein.

•The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to and no reliance should be placed on the fairness accuracy completeness or correctness of the information or opinions contained herein.

•This presentation may contain certain forward looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements is not guarantee of future performance and involve risks and uncertainties and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company presently believes to be reasonable in light of its operating experience of recent years. Many factors could cause the actual results, performance or achievement of the Company to be materially different from any future results performance or achievement and significant factors that could make a difference to the Company's operations include domestic and international economic conditions changes in government regulations tax regime and other statutes

• None of VRL Logistics Ltd or any of its affiliates advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document.

• This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

A public listed company on NSE & BSE Exchange with a Market capitalization of INR 24.92 billion (as on 30th June, 2021).

A pre dominantly parcel delivery service provider (~90% of total Revenue for FY21) with pan–India last mile connectivity operating through a fleet of 4588 owned Goods transport vehicles complemented by third party hired vehicles on need basis.

Integrated hub-and-spoke operating model which enables optimal aggregation of parcels from a diversified customer base across multiple industries and locations.

Diverse customer base of Corporate, SMEs and traders with exclusive focus on B2B services

Passenger transportation through 291 owned buses of various makes.

Extensive pan India network with presence in 884 locations, Ensuring last mile delivery even in remote locations.

State - of - the – art vehicle maintenance facilities with performance enhancing technological innovations.

Own fuel stations at key locations and tie up with IOCL

Dedicated In house software with own servers and real time data for analysis and MIS

Efficient operations with largest fleet and a robust pan India network in 884 locations 4

Own VehicleNumbers
As of	0.5 tons to2.5 tons	2.5 tons to7.5 tons	7.5 tons andabove	CarCarrier(1)	AvailableCapacity(tons)	Tanker(2)	Cranes(3)	TotalVehiclesOwned	BUSES	TOTALFLEET
31-Mar-18	150	960	2765	102	52954	17	13	4007	396	4403
31-Mar-19	257	1009	3004	102	64776	13	13	4398	381	4779
31-Mar-20	312	981	3428	0	70012	20	13	4754	337	5091
31-Mar-21	311	942	3289	0	68107	20	13	4575	291	4866
30-Jun-21	355	949	3249	0	67618	22	13	4588	291	4879

Note: (1) Used for transportation of automobiles, converted to HGV's from 2020. (2) Used for transportation of liquid (3) Cranes are predominantly used for internal operations.

Capacity Breakup as on June 30, 2021

Goods transportation fleet

4588 owned vehicles as on	4261 (93%) debt free
June 30, 2021	vehicles
Wide range of vehicleswith carrying capacityfrom 1 ton to 36 tons	2499 (54%) of vehiclesare fully depreciatedand operating inoptimal condition

Bus Operations fleet

291 owned vehicles as on June 30, 2021

291 (100%) vehicles are debt free

Significance of own vehicles

Enables us to significantly control hiring and operational costs
Higher payload per vehicle for LTL consignments
Enables us to cover a large number of routes and reduce dependence on third party hired vehicles
Enables better control and time bound delivery, thereby enhancing service quality
Bus Operations: Owned vehicles enable us to provide safe and on time travel experience

1. The above Statement of Unaudited Financial Results for the quarter ended 30 June 2021 ("Financial Results") have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7 August 2021. These Financial Results have been subjected to a limited review by the Statutory Auditors of the Company. These Financial Results are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended.
1. 'These Financial Results are prepared in accordance with the Indian Accounting Standard 34 'Interim Financial (Reporting' (Ind AS) 34, as prescribed under Section 133 of the Companies Act, 2013, ("the Act") read with the relevant Rules thereunder and other accounting principles generally accepted in India..
1. The figures for the quarter ended 31 March 2021 as reported in these Financial Results are the balancing figures between audited figures in respect of the full financial year ended 31 March 2021 and the published year to date figures up to the end of the third quarter of the previous financial year which were subjected to a limited review.
1. The Segment Information for the quarter ended 30 June 2021 forms an integral part of the Financial Results.
1. Due to COVID-19 pandemic and the consequent lockdown across several States in the country, the Company's operations and financial results for the quarter have been impacted. The Company has continued operations across the country, albeit with limited operations. Similarly, the results for the quarter ended 30 June 2020 were severely affected owing to the initial pan India lockdown enforced by the Central Government. However, in the current quarter, the impact on business was lesser than the first wave witnessed last year, as supply chains were evolved enough to cope with localized and staggered lockdowns.

The financial implications are contingent on the various business parameters which may emerge from time to time and the Company will continue to closely monitor any material changes from those estimated as on the date of adoption of these financial results.

Previous period figures have been regrouped / restated wherever considered necessary to conform to the current period classification.

Consolidated(INR in Lakhs)	Q1 FY22(Unaudited)	Q4 FY21(Audited)(Refer Note 3)	Q1 FY21(Unaudited)	FY21(Audited)
TOTALINCOME	41728.10	60302.13	16240.38	177578.73
EBITDA	3956.57	9850.82	(3155.16)	26035.04
EBITDA Margins(%)	9.48%	16.34%	(19.43%)	14.66%
EBIT	188.28	6046.86	(7342.94)	10056.03
EBIT Margins(%)	0.45%	10.03%	(45.21%)	5.66%
PBT	(761.83)	5131.16	(8380.77)	6374.07
PBT Margins(%)	(1.83%)	8.51%	(51.60%)	3.59%
PAT (excludes comprehensiveincome)	(604.18)	3716.44	(6271.49)	4506.79
PATMargins(%)	(1.45%)	6.16%	(38.62%)	2.54%

(INRin lakhs)	GoodsTransport
	Quarter ended			Year ended
Particulars	30.06.2021(Unaudited)	31.03.2021((Audited)(Refer Note 3)	30.06.2020(Unaudited)	31.03.2021(Audited)
Revenue	38482.59	53577.39	14823.64	159275.00
EBITDA -After IndAs 116	4306.25	10357.27	(2471.37)	26643.13
EBITDA Margin(%)	11.19%	19.33%	(16.67%)	16.73%
EBIT-After IndAS 116	1446.95	7617.65	(5582.07)	14727.88
EBIT Margin(%)	3.76%	14.22%	(37.66%)	9.25%

(INRin lakhs)	Bus Operations
		Year ended
Particulars	30.06.2021(Unaudited)	31.03.2021((Audited)(Refer Note 3)	30.06.2020(Unaudited)	31.03.2021(Audited)
Revenue	1756.83	5614.43	529.43	13033.56
EBITDA -After IndAs 116	(383.24)	(386.74)	(572.85)	(575.48)
EBITDA Margin(%)	(21.81%)	(6.89%)	(108.20%)	(4.42%)
EBIT-After IndAS 116	(710.82)	(867.87)	(1078.06)	(2318.56)
EBIT Margin(%)	(40.46%)	(15.46%)	(203.63%)	(17.79%)

(INRin lakhs)	Sale of Power
	Quarter ended			Year ended
Particulars	30.06.2021(Unaudited)	31.03.2021(Audited)(Refer Note 3)	30.06.2020(Unaudited)	31.03.2021(Audited)
Revenue	554.27	209.14	479.17	1757.44
EBITDA -After IndAs 116	388.67	50.96	317.86	1159.03
EBITDA Margin(%)	70.12%	24.37%	66.34%	65.95%
EBIT-After IndAS 116	119.12	(225.00)	48.31	80.83
EBIT Margin(%)	21.49%	(107.59%)	10.08%	4.60%

(INRin lakhs)	Transportof Passengers by Air
	Quarter ended			Year ended
Particulars	30.06.2021(Unaudited)	31.03.2021((Audited)(Refer Note 3)	30.06.2020(Unaudited)	31.03.2021(Audited)
Revenue	350.33	294.01	107.57	1182.37
EBITDA -After IndAs 116	(41.00)	(5.26)	(101.58)	(270.68)
EBITDA Margin(%)	(11.70%)	(1.79%)	(94.43%)	(22.89%)
EBIT-After IndAS 116	(95.50)	(41.25)	(150.40)	(453.20)
EBIT Margin(%)	(27.26%)	(14.03%)	(139.82%)	(38.33%)

Frequent lockdowns in various states in Q1 FY22, slowed down the momentum that was witnessed in Q4 FY21 and April, as the second COVID surge in India hit alarming levels

In spite of the difficulties faced, the impact on business was lesser than the first wave witnessed last year, as supply chains were well evolved enough to cope with localized and staggered lockdowns

As COVID positivity rates subsequently dropped to pre-second wave levels, overall demand has been trending better since last week of June.

Procurement of Bio-fuel @ 13.49% of total quantity increased 8.58% QoQ and decreased 17.54% YoY. (Q4 FY21- 4.91% of total quantity, Q1 FY21– 31.03% of total quantity)

54 new vehicles ( 9 electric vehicles) added during Q1FY22.

Net debt increased from 10144.31 lakhs as on Mar 31, 2021 to Rs 11226.97 lakhs as on June 30, 2021.