AVG Logistics Limited — Q4 FY26
AVG Logistics reported a strong Q4 FY26 with revenue of ₹176.61 Cr (+19.4% YoY), EBITDA of ₹34.72 Cr (+45.2% YoY), and PAT of ₹10.71 Cr (+104.8% YoY).
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
60%Questions answered3Evaded / deflected10Questions auditedContradictedNumbers vs filing
Answered
High priority
What is the revenue target for next financial year?
Asked by Mayor Parit, Dana Ventures
Management gave a specific growth range (15-20%) for FY27 revenue.
Read the exchange
Question
we have closed FY26 with a revenue of 578 cr. So what revenue are we targeting for the next financial year?
Management (CEO/CFO)
We expect to deliver healthy double digit revenue growth in FY27... our target is to achieve 15 to 20% growth in the next year.
Answered
High priority
What was the capex in FY26 and projected for FY27?
Asked by Mayor Parit, Dana Ventures
Management provided specific capex numbers for both years.
Read the exchange
Question
what was the capex done by the company in this financial year and the projected capex for FY27?
CFO
capacity in the financial year 26 is 60 cr plus and the financial year 27 we are also targeting 50 cr plus
Partial answer
Medium priority
Provide more details on the Rs 100 cr capex plan.
Asked by Mayor Parit, Dana Ventures
Management gave a general description but no detailed breakdown of the capex plan.
no breakdown of capex by segment
Read the exchange
Question
can you also provide more details on rupees 100 cr capex plan?
Management
the capex is done for the liquid logistics train... around 100 plus we have added last year and same we are targeting in the next year.
Answered
High priority
What is the revenue target for the next five years?
Asked by Sakshi Sinde, Sh Consultancy Limited
Management provided a specific revenue target of 1250 cr by 2030.
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Question
are we expecting to achieve what is the revenue target we are expecting to achieve in next five financial years?
Management
we have uploaded our vision of 2030 with a 1250 cr turnover and by 2030 we have made the vision like for next four years.
Evasive
Medium priority
Will warehousing income increase or logistics remain main focus?
Asked by Sakshi Sinde, Sh Consultancy Limited
Management listed all segments but did not specify if warehousing income would increase.
did not directly answer whether warehousing income will increase
Read the exchange
Question
if you talk about warehousing in warehousing whether we want to increase our income from warehousing segment also or logistic will remain our main focus segment.
Management
total as a multimodal logistic service provider. We are dealing in the five segment of the transportation...
Partial answer
Medium priority
Details on supply chain management service and its margins.
Asked by Sakshi Sinde, Sh Consultancy Limited
Management confirmed it's a good margin segment but did not provide any margin figures.
no specific margin numbers given
Read the exchange
Question
in your previous call you have mentioned that we are providing the supply chain management service also. Can you please give brief details on this and are we focusing on scaling this up or this is a good margin segment.
Management
it's a good segment because we are supplying the managing the their warehouse and business movement, inventory movement etc. So margin is there but it is highly responsible work
Answered
Medium priority
How has the increase in diesel prices impacted the business?
Asked by Josh Agaral, Individual Investor
Management explained that fuel price escalation clauses protect the business.
Read the exchange
Question
there has been a significant increase in the diesel prices the fuel prices. So how that has impacted the business?
Management
maximum customers contracts includes the fuel application flows. So there is no much impact on us due to increase in due price.
Evasive
Medium priority
What are the targets in green energy (EV/CNG trucks)?
Asked by Josh Agaral, Individual Investor
Management spoke generally about plans but gave no quantitative targets.
no specific targets or numbers given
Read the exchange
Question
what are our targets in green energy? So as we are investing in EV or CNG trucks.
Management
we have already starting buying the CNG vehicle, LMG vehicles and electric vehicle... we have a huge plan for investing in electric and CNG vehicle LMG vehicles.
Answered
Low priority
Will EV trucks be sustainable for long distances?
Asked by Josh Agaral, Individual Investor
Management explained the strategy of investing in charging infrastructure to enable long-distance EV operations.
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Question
do you think that the EV trucks will be sustainable in future? Suppose if it is a long distance...
Management
we are investing in the infra also. So we are putting charger in between... ultimately the chargers will come out infra will come and there will be no problem
Answered
Low priority
What is the capacity of EV vehicles?
Asked by Josh Agaral, Individual Investor
Management provided specific capacity numbers.
Read the exchange
Question
what is the capacity that the EV vehicle can carry?
Management
Trailer can carry up to 40 tons at one time. And small vehicles can carry up to 9 ton, 6 t, 3 t, 1 ton.
Evasive
High priority
Is the 21.19 cr lease reversal gain recurring or one-time?
Asked by Money, Thermo Capital Private Limited
Management claimed it's operational but later admitted it's not taxable, creating confusion.
contradictory statementsdid not clearly classify as recurring or one-time
Read the exchange
Question
The company has recognized a one time lease reversal gain of 21 crores... Is it being considered as a recurring revenue?
CFO
this is a normal business income... it's our operational profit only. This is not a windfall profit
Answered
High priority
Brief on the Haldiram contract.
Asked by Visjit Ayer, Individual Investor
Management provided details on the contract duration and vehicle commitment.
Read the exchange
Question
can you please brief us on the Haldiram contract that you are entering into?
Management
we got the contract from Haldiram... they have given us the contract for 3 year extendable to another five years for the 100 vehicles dedicated supplies to them.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| FY26 revenue of 578 cr | ₹578 cr | ₹176 cr | Overstated vs filing |
| FY27 revenue growth target 15-20% | 15% | 19.4% | Understated vs filing |
| Vision 2030 turnover 1250 cr | ₹1,250 cr | ₹176 cr | Overstated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.