AVG

AVG Logistics financials

Market cap
₹342 Cr
Sector
Services
Calls analysed
3
Latest concall · Q4 FY26 · call held 30 Jun 2026

AVG Logistics Limited Q1 FY27

Q4 FY26 Revenue ₹176.61 cr +19%Q4 FY26 EBITDA ₹34.72 cr +45%Q4 FY26 EBITDA Margin 19.66% Q4 FY26 PAT ₹10.71 cr +105%

What went well

  • Q4 FY26 Revenue of ₹176.61 crores, up 19.4% YoY, demonstrating strong growth.
  • Q4 FY26 EBITDA increased by 45.21% YoY to ₹34.72 crores, with EBITDA margin expanding by 349 bps to 19.66%.
  • Q4 FY26 PAT surged by 104.78% YoY to ₹10.71 crores, improving PAT margin by 252 bps to 6.06%.

What to watch

  • Delay in Q4 FY26 financial results due to procedural and audit-related requirements.
  • Global economic uncertainties and evolving market conditions may create short-term challenges.
Read the full call →

What AVG Logistics Limited does

AVG Logistics provides end-to-end multi-modal logistics: full/less-than-truckload road transport, rail cargo (including a leased parcel train and ISO-tank liquid cargo movement), temperature-controlled cold-chain distribution, contract warehousing, and value-added services such as co-packing, reverse logistics and customs clearance. It earns by moving and storing freight for FMCG, automotive, chemical/pharma, QSR and e-commerce customers using a mix of owned and hired vehicles, leased rail capacity and owned/leased warehouse space, and also runs a packers-and-movers business (Galaxy Packers & Movers) and an export corridor to Nepal and Bangladesh.

Segments

  • Multimodal (Road + Rail)
  • Cold Chain
  • Warehousing
  • Value Added Services
  • Packers & Movers
Fleet size
3,000+ vehicles (850+ owned)
Warehousing footprint
~8,56,369 sq. ft. pan-India (8 warehouses)
Branch network
70+ branches across 7 zonal offices
Pin codes covered
18,000+
Customers
1,000+
Rail routes
6+ railway lines
Founded 2010Headquarters Delhi, India Company website

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 1 delivered 3 missed 8 open
  • FY26 Revenue delivered said Q3 FY26 Promised: maybe INR560 crores, INR570 crores. Q4 FY26: Achieved. Full Year FY26 Total Income was reported at ₹582.48 crores, exceeding the guided range of ₹560-570 crores.
  • Government Tender Award went quiet said Q3 FY25 Promised: Hopefully, by 10th of March, it will open and clear it. Q4 FY26: No mention of the ₹500 crore government tender in the Q4 FY26 call, confirming it has been abandoned as the March 2025 deadline is long past.
  • Cold Chain Fleet Addition on track said Q3 FY25 Promised: add approximately 100 fleets each year Q4 FY26: Management reiterated capex plans for FY27 of ₹50 crores+ for 'additional vehicles' and announced a new contract with Haldiram requiring 100 dedicated vehicles, supporting the fleet expansion trajectory.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 5.1%, net profit up 21.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue138 142 147 124 143 +3%134 −6%156 +6%131 +5%
EBITDA23 26 24 23 24 +3%26 +1%13 −45%19 −19%
Net profit5 5 5 5 5 −6%5 −2%11 +102%6 +22%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −21.2% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 20 Feb 2026Q4 FY26 — 30 Jun 2026

1Y: ₹223.97 on 10 Sept 2025 → ₹176.41. High ₹242.43 (19 Sept 2025), low ₹126.95 (2 Apr 2026).

How the price took the results

close before → close after

Q4 FY26
+13.4%
30 Jun
Q3 FY26
−0.4%
20 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 15.5%.

Year endingFY23FY24FY25FY26
Revenue₹427 Cr₹479 Cr₹551 Cr₹556 Cr
Operating profit₹77 Cr₹83 Cr₹95 Cr₹86 Cr
Operating margin18.1%17.4%17.3%15.5%
Interest₹30 Cr₹28 Cr₹26 Cr₹31 Cr
Depreciation₹35 Cr₹38 Cr₹43 Cr₹46 Cr
Net profit₹12 Cr₹33 Cr₹21 Cr₹26 Cr
Net margin2.8%6.8%3.9%4.7%
Cash from operations₹38 Cr₹-1 Cr₹38 Cr₹49 Cr
Free cash flow₹21 Cr₹-51 Cr₹4 Cr₹-24 Cr
ROCE15.0%15.0%13.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹10 Cr₹12 Cr₹12 Cr₹12 Cr₹14 Cr₹15 Cr
Reserves₹63 Cr₹67 Cr₹73 Cr₹77 Cr₹186 Cr₹242 Cr
Borrowings₹80 Cr₹107 Cr₹115 Cr₹266 Cr₹220 Cr₹277 Cr
Other liabilities₹55 Cr₹45 Cr₹59 Cr₹52 Cr₹28 Cr₹37 Cr
Total liabilities₹209 Cr₹230 Cr₹259 Cr₹407 Cr₹449 Cr₹571 Cr
Fixed assets₹39 Cr₹64 Cr₹82 Cr₹216 Cr₹229 Cr₹216 Cr
Capital work in progress₹16 Cr₹2 Cr₹0 Cr₹2 Cr₹0 Cr₹14 Cr
Investments₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹12 Cr
Other assets₹143 Cr₹154 Cr₹167 Cr₹179 Cr₹209 Cr₹329 Cr
Total assets₹209 Cr₹230 Cr₹259 Cr₹407 Cr₹449 Cr₹571 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +15.30 pp while promoters trimmed −11.28 pp. The shareholder count shrank 4% to 9,899.

Promoters
41.2%
FIIs
5.6%
DIIs
16.9%
Public
36.3%

Since Jun 2025

  • DIIs +15.30 pp
  • Promoters −11.28 pp
  • FIIs −2.97 pp

How it drifted, 12 quarters

Over this window promoters fell from 61.2% to 41.2% — −20.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 61.2%, FIIs 4.3%, DIIs 8.4%, Public 26.0%.Dec '23: Promoters 61.2%, FIIs 5.2%, DIIs 1.7%, Public 31.9%.Mar '24: Promoters 52.8%, FIIs 8.0%, DIIs 1.4%, Public 37.8%.Jun '24: Promoters 52.8%, FIIs 8.6%, DIIs 1.4%, Public 37.2%.Sep '24: Promoters 51.5%, FIIs 8.1%, DIIs 1.4%, Public 38.9%.Dec '24: Promoters 51.9%, FIIs 8.0%, DIIs 1.6%, Public 38.5%.Mar '25: Promoters 52.5%, FIIs 8.4%, DIIs 1.6%, Public 37.5%.Jun '25: Promoters 52.5%, FIIs 8.6%, DIIs 1.6%, Public 37.3%.Sep '25: Promoters 52.5%, FIIs 8.6%, DIIs 1.6%, Public 37.4%.Dec '25: Promoters 51.2%, FIIs 8.7%, DIIs 1.4%, Public 38.7%.Mar '26: Promoters 51.2%, FIIs 8.5%, DIIs 1.5%, Public 38.7%.Jun '26: Promoters 41.2%, FIIs 5.6%, DIIs 16.9%, Public 36.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 5 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of AVG Logistics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Asha Gupta 29.31%−7.10 pp
Sixth Sense India Opportunities IV 16.23%newly disclosed
Sanjay Gupta 11.85%−2.87 pp
Iegfl - Multi Opportunity FPI fund4.61%−1.89 pp
Nikhil Kishorchandra Vora 1.53%newly disclosed
Ankit Jain 1.38%−0.33 pp
Priya Rohan Agarwal 1.34%−0.32 pp
Thermo Capital Private Limited 1.15%unchanged
Niti Gupta 0.04%unchanged
Anjali Gupta 0.03%unchanged
Vinayak Gupta 0.01%unchanged
PCG Logistics Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse AVG Logistics Limited

Guides on how to read this kind of business and the numbers that matter.