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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹134 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹27.2 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 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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects organic revenue growth of 15-20% year-on-year, driven by existing client expansion and new client additions.
- Plans to add approximately 200 vehicles, primarily in cold chain and liquid logistics, to support growth.
- Target to increase warehousing capacity from current 9 lakh sq ft to 15 lakh sq ft in FY27, with new facilities in Guwahati and Patna.
- Plans to add 5-6 trains for liquid logistics to capitalize on growing demand from Reliance and Adani group.
Risks flagged
- Freight rates fluctuate with demand; during peak seasons, market rates rise, compressing margins on market-sourced vehicles.
- 55% of fleet is market-sourced, exposing the company to rate volatility and margin pressure during demand spikes.
- On routes like Delhi-Guwahati, return load is only 20%, requiring higher outbound freight to compensate, which may not always be achievable.
- Warehousing investments take 9-10 years to recover, posing a long-term capital lock-up risk if demand softens.
Key quotes
- We are the first in India to commercially deploy 25-ton electric motor Tata motor and Tata steel services for intra plant and short hall deliveries.
- Our fleet utilization is around 97 to 98%.
- We are talking to the customer for providing the 4PL now 5PL services which is now warehousing, warehouse supply chain management, primary transportation and secondary transportation.
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