VRL Logistics' credit rating upgraded to A+ Positive by ICRA

ICRA Limited has revised VRL Logistics Limited's long-term fund-based term loan and working capital loan credit rating from [ICRA] A+ Stable to [ICRA] A+ Positive, reflecting an optimistic outlook for the company's financial health.

The positive revision is attributed to the expectation that VRL Logistics will sustain growth in its core goods transport business, supported by strategic expansion of its fleet and branch network.

Furthermore, recent revisions in freight rates and VRL's exit from low-margin business segments are expected to significantly boost profitability beyond historical levels in the near to medium term. The announcement was made from Hubballi on November 19, 2025, by aniruddha phadnavis, company secretary & compliance officer.