AVG Logistics Limited (AVG)
₹166.08 +2.23% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, AVG Logistics' revenue was ₹132 Cr (+6.0% year on year, -14.7% on the previous quarter), and net profit ₹6.5 Cr (+29.8% year on year); the operating margin was 14.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹132 | +6.0% | -14.7% |
| Operating profit | ₹19.5 | -17.6% | +45.5% |
| Net profit | ₹6.5 | +29.8% | -39.7% |
| EPS (₹) | 4.06 | +23.4% | -42.9% |
| Operating margin | 14.7% | — | — |
AVG delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 71.68% of the AVG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.84%. That is close to its usual level. Turnover was only ₹13 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 65.9% · 65.5% · 79.4% · 70.3% · 71.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
AVG Logistics Limited has issued the notice for its 17th Annual General Meeting scheduled for September 25, 2026. Key agenda items include adoption of FY26 financials and declaration of a final dividend of ₹1.20 per equity share (face value ₹10). Shareholders will also vote on expanding the authorized share capital from ₹21 crore to ₹25 crore, and approving the Employee Stock Option Scheme (ESOS) 2026 covering up to 9,50,000 options.
- 17th Annual General Meeting scheduled for September 25, 2026
- Final dividend proposed at ₹1.20 per equity share for FY2025-26
- Proposal to increase authorized share capital from ₹21.00 crore to ₹25.00 crore
- Approval sought for AVG Logistics ESOS 2026 for up to 9,50,000 stock options
- Re-appointment of Managing Director Sanjay Gupta and Whole-time Director Sumit Garg on the agenda
AVG Logistics reported a 5.97% YoY revenue growth to ₹132.48 crore and a 29.98% YoY PAT rise to ₹6.46 crore in Q1 FY27, aided by improved operational efficiency and asset utilization. The company raised ₹52.93 crore via a rights issue during the quarter to support working capital and its planned ₹50+ crore capex in FY27. Management maintained its annual revenue growth guidance of 15% to 20%, supported by dedicated contract deployments such as 100 vehicles for Haldiram and entering green logistics via its Baidyanath JV (Carbonlite Logistics).
- Q1 FY27 revenue rose 5.97% YoY to ₹132.48 crore, while PAT expanded 29.98% YoY to ₹6.46 crore.
- Targeting addition of ~200 alternative fuel vehicles (CNG/LNG/EV) across lease and purchase models by March 2027.
- Raised ₹52.93 crore through a rights issue; net debt stood at ~₹173 crore as of March 2026 with a D/E of 0.67x.
- Formed JV 'Carbonlite Logistics Private Limited' with Baidyanath Group for green transportation, operational from October 1, 2026.
AVG Logistics Limited has submitted the audio recording link for its Q1 FY2026-27 analyst and investor conference call held on August 26, 2026. The submission is in compliance with Regulation 30 of SEBI LODR Regulations. Investors can access the audio on the company's website to evaluate management commentary on quarterly performance, where the company recorded Q1 revenue of Rs 132.48 crore and PAT of Rs 6.46 crore.
- Analyst/Investor conference call held on Wednesday, August 26, 2026 for Q1 FY2026-27
- Audio recording made publicly accessible on the company's website per SEBI Regulation 30
- Company reported Jun 2026 quarter revenue of Rs 132.48 crore and net profit of Rs 6.46 crore
AVG Logistics Limited has scheduled its Q1 FY2026-27 analyst and investor earnings conference call for Wednesday, August 26, 2026, at 12:00 PM IST. The management team, represented by MD & CEO Sanjay Gupta and CFO Rajesh Rohilla, will discuss quarterly financial performance and address queries. The meeting is coordinated by Kirin Advisors and is open to public investors via dial-in.
- Conference call scheduled for Wednesday, August 26, 2026 at 12:00 PM IST
- Call will cover financial performance for Q1 FY2026-27
- Management representation includes Managing Director & CEO Sanjay Gupta and CFO Rajesh Rohilla
- Dial-in coordinates provided including universal numbers +91 22 7115 8140 and +91 22 6280 1239
AVG Logistics Limited has fixed September 18, 2026, as the record date to determine shareholder eligibility for a dividend of Rs 1.20 per equity share for FY26. The dividend is subject to approval by shareholders at the company's upcoming 17th Annual General Meeting. Additionally, the register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. On the current share price of Rs 199.90, this translates to a modest dividend yield of ~0.60%.
- Dividend declared at Rs 1.20 per equity share for FY25-26
- Record date set for Friday, September 18, 2026
- Book closure scheduled from September 19, 2026 to September 25, 2026
- Dividend payout is subject to shareholder approval at the 17th AGM
AVG Logistics reported a 5.97% YoY growth in Q1 FY27 consolidated revenue to ₹132.48 Cr, while PAT increased 29.98% YoY to ₹6.46 Cr, aided by an 89 bps margin expansion to 4.87%. The company completed a ₹52.93 Cr Rights Issue during the quarter (representing ~16.9% of its ₹313 Cr market cap) to bolster working capital. Operational updates include a new long-term FMCG contract from Haldiram Nagpur for 100 dedicated vehicles and a green logistics JV with Baidyanath Group for LNG-powered transportation.
- Q1 FY27 consolidated revenue rose 5.97% YoY to ₹132.48 Cr from ₹125.02 Cr in Q1 FY26
- Net profit (PAT) grew 29.98% YoY to ₹6.46 Cr compared to ₹4.97 Cr in the corresponding prior-year period
- PBT increased 24.42% YoY to ₹8.71 Cr, with PBT margin expanding by 98 bps to 6.58%
- Successfully raised ₹52.93 Cr through a Rights Issue for working capital and corporate purposes
- Secured dedicated long-term logistics deployment of 100 vehicles for Haldiram Nagpur across West, South, and East India
AVG Logistics reported Q1 revenue from operations of ₹132.48 crore (up 6.0% YoY from ₹125.02 crore in Q1 FY26). The Board recommended a final dividend of ₹1.20 per equity share for FY26, subject to shareholder approval at the AGM scheduled for September 25, 2026. In addition, the Board approved the AVG Logistics ESOP Scheme 2026 with a pool of 9,50,000 equity options exercisable at a face value of ₹10 per share. To support future expansion and share issuances, the company's authorised share capital was increased from ₹21 crore to ₹25 crore.
- Q1 revenue from operations reached ₹132.48 crore versus ₹125.02 crore in Q1 FY26
- Recommended final dividend of ₹1.20 per equity share for FY26 subject to AGM approval
- Created ESOP pool of 9,50,000 options exercisable at ₹10 face value per share
- Expanded authorised share capital from ₹21 crore to ₹25 crore (2.5 crore shares of ₹10 each)
- Appointed Mr. Sumit Garg as Whole-Time Director for a 5-year term from August 14, 2026
AVG Logistics' Board has approved an increase in authorised share capital from ₹21.00 crore to ₹25.00 crore (divided into 2.5 crore shares of ₹10 each) to facilitate future business expansion and equity issuances. The Board also approved the 'AVG Logistics Employees Stock Option Scheme – 2026' with a pool of 9,50,000 options exercisable at face value (₹10 per share). Additionally, a final dividend of ₹1.20 per equity share was recommended for FY26. Mr. Sumit Garg was appointed as Whole-Time Director for 5 years, and the 17th AGM has been convened for September 25, 2026.
- Authorised share capital raised from ₹21.00 crore to ₹25.00 crore via creation of 40 lakh additional equity shares of ₹10 each
- Approval of ESOP Scheme 2026 covering up to 9,50,000 options exercisable into equity shares at ₹10 face value
- Recommendation of ₹1.20 per equity share final dividend for FY2025-26
- Appointment of Mr. Sumit Garg as Whole-Time Director for a 5-year term w.e.f. August 14, 2026
- 17th Annual General Meeting scheduled for September 25, 2026
AVG Logistics reported Q1 revenue from operations of Rs 132.48 Cr compared to Rs 125.02 Cr in the corresponding quarter last year. The Board recommended a final dividend of Re 1.20 per equity share for FY26, subject to shareholder approval at the AGM on September 25, 2026. Additionally, the company approved the AVG Logistics ESOP Scheme 2026 with an option pool of 9,50,000 equity shares exercisable at face value (Rs 10), increased its authorised share capital from Rs 21 Cr to Rs 25 Cr, and appointed Mr. Sumit Garg as Whole-Time Director for a 5-year term.
- Recommended final dividend of Re 1.20 per equity share for FY26 subject to AGM approval
- Reported Q1 revenue from operations of Rs 132.48 Cr versus Rs 125.02 Cr in Q1 FY26
- Approved ESOP Scheme 2026 covering up to 9,50,000 equity shares exercisable at Rs 10 face value
- Increased authorised share capital from Rs 21 Cr to Rs 25 Cr (2.5 Cr equity shares of Rs 10 each)
- Appointed Mr. Sumit Garg as Whole-Time Director for a 5-year term effective August 14, 2026
AVG Logistics announced its board meeting outcomes, approving Q1 FY27 consolidated revenue from operations of Rs 132.48 Cr (up from Rs 125.02 Cr YoY). The Board recommended a final dividend of Re 1.20 per equity share for FY26, subject to shareholder approval at the AGM scheduled for September 25, 2026. Additionally, the company approved the appointment of Mr. Sumit Garg as Whole-Time Director for a 5-year term, increased its authorized share capital from Rs 21 Cr to Rs 25 Cr, and established the AVG Logistics ESOP Scheme 2026 covering 9,50,000 options at an exercise price equal to the face value of Rs 10.
- Recommended final dividend of Re 1.20 per equity share for the financial year ended March 31, 2026.
- Approved ESOP Scheme 2026 covering 9,50,000 equity options exercisable at Rs 10 face value.
- Appointed Mr. Sumit Garg as Whole-Time Director for a 5-year tenure effective August 14, 2026.
- Increased Authorised Share Capital from Rs 21.00 Cr to Rs 25.00 Cr to support future equity issuance and business expansion.
- Reported consolidated Q1 FY27 revenue from operations of Rs 132.48 Cr compared to Rs 125.02 Cr in Q1 FY26.
AVG Logistics reported its Q1 FY27 consolidated revenue from operations at ₹132.48 Cr, compared to ₹125.02 Cr in the corresponding quarter last year. The Board recommended a final dividend of ₹1.20 per equity share for FY26, subject to shareholder approval at the AGM on September 25, 2026. Additionally, the company approved the AVG Logistics ESOP Scheme 2026 with an option pool of 9,50,000 shares exercisable at face value (₹10/share). The Board also approved increasing authorized share capital from ₹21 Cr to ₹25 Cr and appointed Mr. Sumit Garg as Whole-Time Director for a 5-year term.
- Recommended final dividend of ₹1.20 per equity share for the financial year ended March 31, 2026.
- Reported Q1 consolidated revenue from operations of ₹13,247.68 lakhs (₹132.48 Cr) vs ₹12,502.15 lakhs in Q1 FY26.
- Approved ESOP Scheme 2026 with a pool of 9,50,000 options exercisable at ₹10 per share.
- Authorized share capital increased from ₹21.00 Cr to ₹25.00 Cr to facilitate future business expansion.
- Appointed Mr. Sumit Garg as Whole-Time Director for 5 years with effect from August 14, 2026.
AVG Logistics' Board recommended a final dividend of ₹1.20 per equity share for FY26 (face value ₹10), subject to shareholder approval at the AGM on September 25, 2026. The board also approved an Employee Stock Option Scheme (ESOP 2026) comprising a pool of 9,50,000 options exercisable at ₹10 face value. Additionally, the company proposed increasing its authorized share capital from ₹21 crore to ₹25 crore to accommodate future business expansion and equity issuances, and appointed Mr. Sumit Garg as Whole-Time Director for 5 years.
- Recommended final dividend of ₹1.20 per equity share for FY26, representing a ~0.59% dividend yield on current price (₹205)
- Approved ESOP 2026 pool of 9,50,000 options convertible into equal equity shares at an exercise price of ₹10
- Authorized share capital increased from ₹21 crore to ₹25 crore (divided into 2.5 crore equity shares)
- Appointed Mr. Sumit Garg as Whole-Time Director for a period of 5 years effective August 14, 2026
- 17th Annual General Meeting scheduled for Friday, September 25, 2026
AVG Logistics' Board recommended a final dividend of Rs 1.20 per equity share for FY26, subject to shareholder approval at the upcoming AGM on September 25, 2026. Alongside the dividend, the Board approved the Q1 FY27 results with revenue from operations reaching Rs 132.48 crore compared to Rs 125.02 crore in Q1 FY26. The Board also approved an increase in authorized share capital from Rs 21 crore to Rs 25 crore and rolled out the ESOP Scheme 2026 covering 9,50,000 equity options.
- Recommended final dividend of Rs 1.20 per equity share for FY26
- Reported Q1 consolidated revenue from operations of Rs 132.48 crore versus Rs 125.02 crore YoY
- Proposed increase in authorized share capital from Rs 21 crore to Rs 25 crore
- Approved ESOP Scheme 2026 comprising an option pool of 9,50,000 equity shares
- Appointed Sumit Garg as Whole-Time Director for a period of 5 years effective August 14, 2026
AVG Logistics Limited has submitted its statement of deviation or variation under Regulation 32 of SEBI LODR Regulations for the quarter ended June 30, 2026. The company confirmed that there has been no deviation or variation in the utilization of funds raised compared to the stated objectives. This is a standard quarterly regulatory compliance filing confirming proper fund deployment.
- Statement of No Deviation / Variation submitted for the quarter ended June 30, 2026
- Filing made pursuant to Regulation 32 of SEBI LODR Regulations, 2015
- Signed and submitted on August 14, 2026 by Managing Director Sanjay Gupta
AVG Logistics' Board approved financial results for Q1 ended June 30, 2026, and recommended a final dividend of ₹1.20 per equity share for FY26, subject to AGM approval on September 25, 2026. The Board also approved the AVG Logistics ESOP Scheme 2026 with a pool of 9,50,000 options and proposed increasing authorised share capital from ₹21 crore to ₹25 crore. Additionally, Mr. Sumit Garg was appointed as Whole-Time Director for a 5-year term. Notes to accounts confirmed the successful completion of a ₹52.93 crore rights issue during the quarter.
- Recommended final dividend of ₹1.20 per equity share for FY26
- Created ESOP pool of 9,50,000 stock options convertible into equity shares of ₹10 face value
- Board approved raising authorised share capital from ₹21 crore to ₹25 crore to support business expansion
- Appointed Mr. Sumit Garg as Whole-Time Director for a 5-year term effective August 14, 2026
- Reported completion of ₹52.93 crore rights issue (36.50 lakh shares at ₹145/share), raising paid-up equity to ₹18.71 crore
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 14.93% YoY to INR 551.52 Cr in FY2025, driven by expansion in multimodal logistics, warehousing, and cold chain transportation. Revenue in FY2024 was INR 479.89 Cr.
Geographic Revenue Split
The company maintains a pan-India presence catering to more than 300 locations, providing a diversified geographic footprint across the domestic market.
Profitability Margins
PBT margin improved by 118 bps to 4.77% in FY2025 (INR 26.33 Cr) from 3.59% in FY2024. However, PAT margin moderated to 3.87% (INR 21.33 Cr) from 6.65% in FY2024 due to a one-time exceptional gain of INR 18.82 Cr from investment sales in the previous year.
EBITDA Margin
EBITDA margin stood at 17.33% in FY2025, a marginal decline of 12 bps from 17.45% in FY2024. EBITDA increased 14.13% YoY to INR 95.57 Cr, reflecting operational effectiveness and asset utilization.
Capital Expenditure
The company added 88 new fleet vehicles in FY2025 to expand capacity. Planned capex includes investments in ISO Tanks, Cold chain vehicles, EV, and LNG vehicles to meet customer demand.
Credit Rating & Borrowing
Long-term rating was upgraded to IVR BBB+/Stable and short-term rating to IVR A2 in December 2025. Interest coverage stood at 2.98 times and DSCR at 2.05 times as of March 31, 2024.
Operational Drivers
Raw Materials
Fuel (Diesel, LNG, CNG) represents the primary operational cost, though specific percentage of total cost is not disclosed.
Import Sources
Not disclosed in available documents; procurement is primarily domestic for fuel and vehicle parts.
Capacity Expansion
Added 88 new vehicles in FY2025. Future expansion focuses on specialized fleet including ISO Tanks, Cold chain, and green energy vehicles (EV/LNG).
Raw Material Costs
Fuel costs are managed through a fuel surcharge system and frequent freight rate revisions to offset volatility and maintain margins.
Manufacturing Efficiency
EBITDA margins remained range-bound between 17.48% and 17.55% historically, indicating stable operational efficiency.
Logistics & Distribution
Distribution is managed through an integrated platform covering transportation, warehousing, cold-chain, and 3PL solutions.
Strategic Growth
Expected Growth Rate
10%+
Growth Strategy
Growth will be achieved through a blend of organic expansion, sector diversification into Liquid Logistics and ISO-tank container services, and strategic acquisitions. The company is also expanding its green fleet (EV/LNG) and multimodal rail-based movement.
Products & Services
Multimodal transportation, rail cargo movement, warehousing, cold-chain logistics, 3PL solutions, and Liquid Logistics.
Brand Portfolio
AVG Logistics
New Products/Services
Entry into Liquid Logistics and ISO-tank container services to diversify revenue streams and enhance customer engagement.
Market Expansion
Expansion into new verticals and increasing reliance on rail-based movement to strengthen cost efficiency and ESG positioning.
Market Share & Ranking
Not disclosed in available documents; operates in a highly fragmented and competitive industry.
External Factors
Industry Trends
The industry is shifting toward integrated multimodal logistics and green energy (EV/LNG) to improve cost efficiency and meet ESG standards.
Competitive Landscape
Highly fragmented with intense competition from large established players, global operators, and small unorganized entities.
Competitive Moat
Moat is built on an integrated logistics platform, 30+ years of promoter experience, and long-term relationships with a reputed, diversified client base.
Macro Economic Sensitivity
Highly sensitive to domestic and global manufacturing/industrial activities and trade volumes.
Consumer Behavior
Increasing demand for end-to-end supply chain solutions and temperature-controlled transportation in the pharma and food sectors.
Geopolitical Risks
Global protectionism and supply chain disruptions could affect import-export-linked freight volumes.
Regulatory & Governance
Industry Regulations
Exposed to stringent emission standards and regulatory standards for fleet operators; complies with all relevant environmental laws.
Environmental Compliance
Committed to sustainable practices including developing eco-friendly vehicles (EV/LNG) and conducting regular audits to ensure regulatory adherence.
Risk Analysis
Key Uncertainties
Fuel price volatility and high collection periods leading to working capital intensity are the primary business risks.
Geographic Concentration Risk
Low geographic risk due to a pan-India network covering 300+ locations.
Third Party Dependencies
Relies on a mix of owned and hired vehicles; high utilization of working capital limits indicates dependency on bank financing.
Technology Obsolescence Risk
Mitigated by continuous investment in AI-driven planning, data analytics, and advanced information security policies.
Credit & Counterparty Risk
Promoter Asha Gupta pledged 6,00,000 shares as a margin call and a total of 9,67,157 shares, indicating potential counterparty risk related to promoter financing.
