AVG Logistics Limited has informed the Exchange about Transcript
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AVG Logistics reported Q3 FY26 revenue of ₹134.08 crores with EBITDA of ₹27.20 crores (20.29% margin) and PAT of ₹5.40 crores (4.03% margin). For the 9-month period, revenue stood at ₹402.13 crores, EBITDA at ₹77.73 crores (19.33% margin), and PAT at ₹15.46 crores. Management highlighted expansion into LNG-powered fleets, India's first commercial deployment of 55-ton Tata Motors electric trucks at Tata Steel, and a 6-year rail parcel cargo contract. FY26 revenue is expected at ₹560-570 crores, with the company having invested ~₹65 crores in capex this year. Management guides for 15-20% annual growth going forward, expanding warehousing from 9 to 15 lakh sq ft, and scaling cold chain revenue from ₹80 crores (9M FY26) to ₹135-150 crores by FY27.
The quarter shows stable margins but modest growth, with management calling FY26 a 'consolidation year' and tying future improvement to current capex. While segment-level growth targets in cold chain, warehousing, and rail are encouraging, investors publicly flagged that prior ₹700 cr (FY26) and ₹1,000 cr (FY27-28) targets were missed, raising execution credibility concerns that could weigh on the stock until FY27 delivery becomes visible.