Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹155 Cr
verified against source
Revenue YoY
19.4%
reported change
EBITDA
₹34.72 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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). EBITDA margin expanded 349 bps to 19.66%, driven by operational efficiencies and a one-time lease reversal gain of ₹21 Cr (management argues it is operational). Growth was fueled by expansion into rail-based liquid logistics, new customer wins (e.g., Haldiram's 100-vehicle contract), and a JV with Datta Group for LNG trucks. Management guided for 15-20% revenue growth in FY27 and a capex of ₹50 Cr+. The company targets ₹1,250 Cr turnover by 2030. Risks include potential non-recurrence of the lease gain and execution challenges in scaling new segments.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects double-digit revenue growth of 15-20% in FY27, driven by existing customers, new pipeline, and new business segments.
- Capex of ₹50 Cr+ planned for FY27, including additional vehicles and infrastructure for liquid logistics and green energy.
- Company has set a vision to achieve ₹1,250 Cr turnover by 2030, implying a CAGR of ~16% from FY26 base.
- Target to increase liquid logistics tanker count from 180 to 1,800 over time, via purchase or lease.
Risks flagged
- A ₹21 Cr lease reversal gain boosted Q4 profits; analysts questioned its recurring nature, though management insists it is operational.
- Expansion into rail-based liquid logistics and LNG JV requires significant capex and operational integration, which may face delays.
- While contracts have fuel escalation clauses, there can be short-term margin pressure if diesel prices rise sharply before rate adjustments.
- Q4 results were delayed due to extended audit procedures, which may raise governance concerns among investors.
Key quotes
- Our focus is on achieving sustainable and profitable growth based on our current order book customer pipeline and expansion is into new business segment.
- We expect to deliver healthy double digit double digit revenue growth in FY27 and we are confident that our existing customer base and the new customers which we are identified are already in pipeline along with the new business openity will support our growth during the year.
- Actually we have taken opinion from lot of professional firms on this. Actually it is operational income. They even they had opinions from the PWC also.
Research modules