AVG - AVG Logistics
📢 Recent Corporate Announcements
AVG Logistics Limited has announced a meeting with analysts and institutional investors scheduled for March 18, 2026. The meeting is set to take place at 12:30 P.M. via the Zoom virtual platform. This disclosure is a routine compliance requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such meetings are standard practice for management to engage with the investment community regarding business operations.
- Meeting date set for Wednesday, March 18, 2026.
- Interaction scheduled to begin at 12:30 P.M. IST.
- The meeting will be conducted virtually via Zoom.
- Compliance filing under SEBI (LODR) Regulations, 2015.
AVG Logistics Limited has announced a scheduled meeting with analysts and institutional investors on March 18, 2026. The meeting is set to take place at 12:30 P.M. via the Zoom platform. This disclosure is a routine regulatory requirement under SEBI Listing Obligations and Disclosure Requirements. Such meetings typically involve discussions on company performance, industry trends, and future growth strategies.
- Meeting scheduled for Wednesday, March 18, 2026, at 12:30 P.M.
- The interaction will be conducted virtually via Zoom.
- Intimation provided in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- Notice issued on March 14, 2026, providing 4 days' advance notice to the exchanges.
AVG Logistics Limited has announced that its Board of Directors approved an increase in the company's Authorized Share Capital to Rs 21,00,00,000. This capital will be divided into 2,10,00,000 equity shares with a face value of Rs 10 each. The company is seeking shareholder approval for this change and the resulting amendment to the Memorandum of Association via a postal ballot. Increasing authorized capital is a standard corporate procedure that creates headroom for future equity-based activities such as fundraises or bonus issues.
- Authorized Share Capital increased to Rs 21,00,00,000 (Twenty-One Crore).
- Total authorized equity shares set at 2,10,00,000 with a face value of Rs 10 per share.
- Board approved the notice of Postal Ballot to obtain shareholder consent for the capital increase.
- M/s Chauhan Pradeep and Associates appointed as Scrutinizer for the postal ballot voting process.
AVG Logistics reported a stable Q3 FY26 with revenue of ₹134.08 crore and a PAT of ₹5.40 crore. The company maintained strong EBITDA margins of 20.29%, driven by its focus on high-margin segments like cold chain and liquid logistics. Management highlighted a ₹65 crore capex investment in FY26, which is expected to yield significant benefits in the upcoming financial year. The company is aggressively expanding its warehousing footprint from 9 lakh to 15 lakh square feet by FY27.
- Reported Q3 FY26 revenue of ₹134.08 crore with a healthy EBITDA margin of 20.29%.
- Invested ₹65 crore in capex during FY26 to bolster fleet and infrastructure for future growth.
- Operating a fleet of 920 vehicles, with 450 dedicated to the high-demand cold chain segment.
- Targeting a 66% increase in warehousing capacity to 15 lakh sq. ft. by FY27.
- Secured a 6-year Parcel Cargo Express Train (PCET) contract and deployed India's first 55-ton electric trucks.
AVG Logistics Limited has officially released the audio recording of its Q3 FY2025-26 analyst and investor conference call held on February 20, 2026. This disclosure is a routine regulatory requirement under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The recording provides stakeholders with direct access to management's commentary regarding the company's financial performance and operational updates for the third quarter. Investors can access the full audio file via the company's official website to gain deeper insights into the business trajectory.
- Recording of the Q3 FY2025-26 Analyst/Investor Conference call is now publicly available.
- The call was conducted on February 20, 2026, following the quarterly results announcement.
- Compliance maintained under Regulation 30 of SEBI (LODR) Regulations, 2015.
- The audio link is hosted on the company's official website for transparent dissemination of information.
AVG Logistics Limited has scheduled an analyst and institutional investor conference call for Friday, February 20, 2026, at 11:30 A.M. IST. The purpose of the call is to discuss the company's financial results for the third quarter and nine months ended December 31, 2025 (Q3 & 9M FY26). The session will be led by Managing Director Sanjay Gupta and CFO Rajesh Rohilla. This is a public group conference call, providing an opportunity for investors to seek clarifications on the company's recent performance.
- Conference call scheduled for February 20, 2026, at 11:30 A.M. IST to discuss Q3 FY26 results.
- Management representation includes MD & CEO Sanjay Gupta and CFO Rajesh Rohilla.
- The call is open to public investors and facilitated by Kirin Advisors.
- Universal dial-in numbers are +91 22 6280 1239 and +91 22 7115 8140.
AVG Logistics reported a steady performance for Q3 FY26 with revenue reaching ₹134.08 crore and a PAT of ₹5.40 crore. For the nine-month period (9M FY26), the company achieved a total revenue of ₹402.13 crore with a healthy EBITDA margin of 19.33%. A significant highlight is the credit rating upgrade to IVR BBB+ (Stable), reflecting improved financial health and debt-servicing capability. The company is also pivoting towards sustainability by introducing LNG-powered fleets to enhance operational efficiency and reduce emissions.
- Q3 FY26 Revenue stood at ₹134.08 crore with an EBITDA of ₹27.20 crore (20.29% margin)
- 9M FY26 cumulative revenue reached ₹402.13 crore with a PAT of ₹15.46 crore
- Long-term credit rating upgraded from IVR BBB to IVR BBB+ (Stable) by Infomerics
- Strategic introduction of LNG-powered fleet to improve fuel efficiency and ESG compliance
- Maintains strong infrastructure with 3000+ vehicles and 8 lakh sq. ft. of warehousing space
AVG Logistics has demonstrated significant growth with FY25 revenue reaching ₹551.52 Cr and EBITDA at ₹95.57 Cr. The company is aggressively expanding its multimodal capabilities, having secured six tenders worth ₹5,100 Mn with Indian Railways and a strategic 3PL partnership with PepsiCo India. It is also pioneering green logistics through a partnership with Maruti Suzuki for rail-based distribution and the deployment of India's first 55 MT electric vehicle fleet. The recent 99% acquisition of Kaizen Logistics and the launch of a Liquid Logistics division with 180 ISO tankers further diversify its revenue streams.
- Reported FY25 Revenue of ₹551.52 Cr and PAT of ₹21.33 Cr with an EBITDA margin of approximately 17.3%
- Secured 6 tenders worth ₹5,100 Mn with Indian Railways for leased parcel trains over 6 years
- Established strategic partnerships with Maruti Suzuki for green rail logistics and PepsiCo for 3PL operations
- Expanded infrastructure to 850+ owned vehicles and ~8.56 lakh sq. ft. of warehousing space
- Launched Liquid Logistics division with 180 ISO tankers and acquired 99% stake in Kaizen Logistics
AVG Logistics reported a consolidated revenue of ₹134.08 crore for Q3 FY26, marking a 5.8% decline compared to ₹142.44 crore in Q3 FY25. While YoY performance was slightly muted, the company showed strong sequential recovery with Profit After Tax (PAT) rising 30% from ₹4.16 crore in Q2 FY26 to ₹5.41 crore. For the nine-month period ended December 2025, PAT stood at ₹15.46 crore against ₹16.10 crore in the previous year. The company also stabilized its leadership by appointing Rajesh Rohila as the new CFO.
- Consolidated Revenue from operations decreased 5.8% YoY to ₹134.08 crore from ₹142.44 crore.
- Net Profit (PAT) grew 30% sequentially (QoQ) to ₹5.41 crore from ₹4.16 crore in the previous quarter.
- Earnings Per Share (EPS) for the quarter stood at ₹3.59, down slightly from ₹3.71 in the year-ago period.
- Operating expenses were reduced to ₹94.99 crore from ₹101.09 crore YoY, helping maintain margins despite lower revenue.
- Management transition completed with Rajesh Rohila appointed as CFO effective January 23, 2026.
AVG Logistics Limited has appointed Mr. Rajesh Rohilla as its new Chief Financial Officer, effective January 23, 2026. Mr. Rohilla is a seasoned Chartered Accountant with nearly 20 years of experience in financial stewardship and governance across multiple listed entities. His background includes significant expertise in capital-raising activities such as IPOs, rights issues, and preferential allotments. This strategic appointment is aimed at enhancing the company's financial controls, statutory compliance, and operational efficiencies.
- Appointment of Mr. Rajesh Rohilla as Chief Financial Officer effective January 23, 2026
- Mr. Rohilla brings nearly 20 years of progressive leadership experience in finance and governance
- Expertise in managing complex capital-raising initiatives including IPOs and rights issues
- Proven track record in implementing advanced ERP and automation solutions for systemic efficiency
- The board meeting for this appointment was conducted and concluded within 30 minutes on January 23, 2026
AVG Logistics Limited has notified the exchanges regarding a change in the legal structure of its statutory auditor. M/s. M S K A & Associates, Chartered Accountants, has converted itself into a Limited Liability Partnership (LLP). The firm will now operate under the name M S K A & Associates LLP. This is a procedural administrative update and does not affect the company's operations or financial health.
- Statutory Auditor M/s. M S K A & Associates converted to M S K A & Associates LLP
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The update was officially communicated to BSE and NSE on January 14, 2026
- The change in auditor's legal status has no impact on the company's financial reporting or audit quality
AVG Logistics has strategically entered the liquid logistics segment by launching a specialized cargo train service using high-grade ISO tanks. The first train, serving Chemplast Sanmar Limited, has a carrying capacity of approximately 3,100 tons per trip across 96 containers. This new business vertical is projected to generate an incremental annual revenue of ₹22–24 crore. To support this, the company has secured a long-term lease for flatbed trains from the Central Warehousing Corporation.
- Launched new liquid cargo transportation vertical using ISO tanks with Chemplast Sanmar as the first customer
- Each train carries 96 ISO tank containers with a total capacity of ~3,100 tons per trip
- Expected annual revenue contribution of ₹22–24 crore from this new business segment
- Partnered with Central Warehousing Corporation for long-term lease of flatbed train infrastructure
- Strategic shift towards multimodal rail logistics to enhance safety and environmental sustainability
AVG Logistics has acquired a 2,295 square metre land parcel in Tahliwal, Himachal Pradesh, to develop a new warehouse and ancillary unit. The site is strategically located near a Nestle factory, a key client, which is expected to enhance service delivery and operational efficiency. This move aligns with the company's strategy to expand its North India footprint and diversify regionally. In FY25, the company reported a revenue of ₹551.52 Cr and an EBITDA of ₹95.57 Cr, providing a solid financial foundation for this expansion.
- Acquisition of 2,295 square metres of land in Tahliwal, Una, Himachal Pradesh.
- Strategic proximity to Nestle India's factory to provide value-added logistics services.
- Expansion of existing 705,000 sq. ft. warehousing capacity across India.
- Company reported FY25 Revenue of ₹551.52 Cr and EBITDA of ₹95.57 Cr.
- Development to be carried out in a phased manner subject to regulatory approvals.
AVG Logistics Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended December 31, 2025. This is a standard regulatory filing required by all listed companies in India to ensure the integrity of shareholding records. No financial or operational changes were disclosed in this announcement.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Certificate provided by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Standard administrative filing with no impact on company fundamentals.
AVG Logistics has launched a strategic green supply chain initiative in partnership with Nestlé India and Ashok Leyland. The company is deploying 50 dedicated CNG trucks to create a green corridor for Nestlé, which is expected to cover 2.75 lakh kilometers per month. This initiative aims to reduce CO2 emissions by approximately 1.1 lakh kg annually while enhancing cost efficiency. The partnership is expected to improve AVG's financial performance and strengthen its position in sustainable logistics.
- Deployment of 50 dedicated CNG trucks for Nestlé India's logistics operations
- Estimated monthly fleet coverage of 2.75 lakh kilometers
- Projected annual reduction of 1.1 lakh kg in CO2 emissions
- Strategic collaboration with Ashok Leyland for future-ready transportation solutions
- Focus on cost-effective and technology-led green logistics to drive financial growth
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.