What was AVG Logistics's revenue in Q3 FY26?

AVG Logistics reported revenue of ₹134 Cr in Q3 FY26, a — change year-over-year.

Did AVG Logistics management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

AVG Logistics Q3 FY26 Research Workspace: Revenue ₹134 Cr (—)

Q: What guidance did AVG Logistics management give?

FY27 revenue growth of 15-20%: Management expects organic revenue growth of 15-20% year-on-year, driven by existing client expansion and new client additions.

Revenue ₹134 Cr

EBITDA ₹27 Cr

PAT ₹5 Cr

EBITDA Margin 19%

Duration 42 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

AVG Logistics reported Q3 FY26 revenue of ₹134.08 crore with EBITDA of ₹27.20 crore (margin 20.29%) and PAT of ₹5.40 crore. The company is transitioning from a road-focused model to multi-modal logistics including rail, cold chain, and liquid logistics. Management guided for 15-20% organic revenue growth in FY27, driven by long-term contracts, green fleet expansion (LNG/electric), and warehousing scale-up to 15 lakh sq ft. Key risks include volatile freight rates due to demand-supply imbalances and high dependence on market-sourced vehicles (~55% of fleet), which compress margins during peak demand. The company's asset-light approach and focus on sustainable logistics position it for gradual margin improvement, but near-term growth remains modest.

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Research workspace

Focused Modules

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Did management answer the analysts?

12 analyst questions audited, 4 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Volatile freight rates due to demand-supply imbalance

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Quarter Snapshot

Total Fleet Size 920 vehicles

+200 vehicles planned next year

Out of 920 vehicles, ~450 are in cold chain; plan to add 200 vehicles next year.

Cold Chain Vehicles 450 vehicles

~49% of total fleet

Cold chain is a key growth segment with better margins and less competition.

Warehousing Capacity 9 lakh sq ft

Target 15 lakh sq ft next year

Currently managing 9 lakh sq ft; target to add 5 lakh sq ft in FY27.

Fleet Utilization 97-98%

~2% downtime for maintenance

High utilization with only 20-30 vehicles in maintenance/accident at any time.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth of 15-20%

Management expects organic revenue growth of 15-20% year-on-year, driven by existing client expansion and new client additions.

Top risk Volatile freight rates due to demand-supply imbalance

Freight rates fluctuate with demand; during peak seasons, market rates rise, compressing margins on market-sourced vehicles.