AVG Logistics Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Published 5 Aug 2026 | Transport Services | Market Cap: ₹384 Cr

AVG Logistics expects organic growth of 15% to 20% year-on-year in revenue and volumes. - The company targets expanding cold chain vehicles from current 80-110 to around 135-150 crore INR revenue by FY27. - Cold chain business is a major growth driver with plans to add 100-150 vehicles next year. - Alternative fuel vehicles (electric, LNG, CNG) and liquid logistics are key growth segments with increasing demand. - Plans to add warehousing capacity from current 9 lakh sq. AVG Logistics expects organic revenue growth of 15%-20% year-on-year over the next 3-4 years.

From AVG Logistics Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

📊 Revenue & Sales Performance

→AVG Logistics expects organic growth of 15% to 20% year-on-year in revenue and volumes.
→The company targets expanding cold chain vehicles from current 80-110 to around 135-150 crore INR revenue by FY27.
→Cold chain business is a major growth driver with plans to add 100-150 vehicles next year.
→Alternative fuel vehicles (electric, LNG, CNG) and liquid logistics are key growth segments with increasing demand.
→Plans to add warehousing capacity from current 9 lakh sq. ft. to 15 lakh sq. ft. by FY27.
→Commodity logistics (steel, cement, food grain) expected to grow strongly aiming INR1,000 crore revenue in 3-4 years.
→Sustainable logistics including multimodal services (rail, supply chain management) targeted for growth and operational leverage.
→FY26 expected stable revenue around INR560-570 crores, with better growth anticipated as market stabilizes post GST changes.
→Focus on leveraging existing assets to improve margins and profitability alongside top-line growth.

📈 Profitability & Margins

→AVG Logistics expects organic revenue growth of 15%-20% year-on-year over the next 3-4 years.
→Management targets increasing profitability through operational leverage by growing top line without proportionate expense rise.
→Cold chain and alternative fuel logistics (LNG, electric vehicles) are key growth drivers, with cold chain revenue expected to reach INR135-150 crores by FY27.
→Expansion into warehousing and supply chain management is planned to enhance growth and margins.
→Long-term contracts (5-8 years) and asset utilization improvements will support steady earnings growth.
→FY26 revenue forecast is stable around INR560-570 crores, with growth expected to accelerate thereafter.
→Management foresees earnings improvement from calibrated growth, network expansion, and sustainable initiatives.
→Overall, the company aims to improve PAT and operating margins alongside revenue growth, sustaining long-term value creation.

See what AVG Logistics Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→AVG Logistics has made a capex of approximately INR 65 crores till date in FY 2025-26.
→For FY 2026-27, capex budget aligns with customer demand, expecting about 7-8% growth from existing clients and 7-10% from new clients.
→The company is adding fleet vehicles, planning to increase cold chain vehicles by around 200 next year.
→Planning to add 5 lakh square feet of warehousing space by 2027, increasing current capacity from 9 lakh sq. ft to about 15 lakh sq. ft with new warehouses in Guwahati and Patna.
→Strategic investment in building cold chain warehouses is underway to complement their cold chain vehicle fleet.
→The company is investing in liquid logistics, including plans for 5-6 trains next year.
→Focus on fleet modernization, technology integration, and sustainable initiatives like alternative fuel vehicles (electric, LNG, CNG).

💰 Fundraising & Capital Structure

→The transcript does not explicitly mention any current or planned fundraising through debt or equity.
→The company has been focusing on organic growth and capex funded by internal accruals or customer-driven investments.
→Capex plans for FY '27 include adding fleet and infrastructure gradually, aligned with customer demand.
→There is no direct reference to issuing new equity or taking on debt for fundraising purposes in the provided discussion.
→The emphasis is on sustainable growth through business expansion in cold chain, liquid logistics, and supply chain management.
→The management expects to benefit from recent capex without indicating the need for external fundraising currently.

See what AVG Logistics Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Current cold chain vehicle orders stand at around 500 cars.
→For the next year, planned addition is 100 to 150 vehicles.
→Small segment vehicles are being converted into bigger segment vehicles to increase revenue.
→Planning to expand warehousing for cold chain, aiming at long-term fixed income.
→Considering forming a separate cold chain company after March closure based on consultant advice.
→For cold chain segment, expecting revenue of INR 110 crores in the current year and INR 135-150 crores by FY27.
→Overall commodity business aims to reach INR 1,000 crores in 3-4 years, covering food grain, cement, steel sectors.
→The company secured a 6-year lease contract for operating Parcel Cargo Express Train (PCET) connecting Agartala/Guwahati to Delhi/Ludhiana.

Key Metrics

How does AVG Logistics Ltd rank vs peers in Transport Services?

Pro feature

1AVG Logistics Ltd

See full Transport Services sector rankings

Price

₹186

Market Cap

₹384 Cr

P/E Ratio

32.5

AVG Logistics Ltd — Quarterly revenue & net profit

Revenue Net Profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹134 Cr, net profit ₹5 Cr.

Full financials →

What AVG Logistics Ltd's management said in earlier quarters

Others in Transport Services this season

TVS Supply (Q3 FY26)
Strong and diversified sales pipeline of approximately INR6,300 crores supports revenue visibility. Key concall takeaways from TVS Supply's Q3 FY26 earnings…
Shadowfax Technologies (Q3 FY26)
Hyperlocal segment (17% of revenues) grew 43% year-on-year and continues to expand rapidly with traction in quick commerce categories like baby wear, apparel…
Blue Dart Expres (Q3 FY26)
The company sees potential for overall shipment growth of around 8%-10% in air in a normalized scenario. Key concall takeaways from Blue Dart Express Ltd's Q3…
Navkar Corporat. (Q3 FY26)
Port capex of ~INR15,000 crores and logistics capex of ~INR4,000 crores planned over next 3 years (FY '25-'27). Key concall takeaways from Navkar Corporation…

Compare:vs Interglobe Aviat vs Container Corpn.vs Delhivery

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were AVG Logistics Ltd Q3 FY26 results?

What is AVG Logistics Ltd share price analysis?

AVG Logistics Ltd currently shows a neutral. The stock trades at a P/E of 32.5 with a market cap of ₹384 Cr. Investors should review the full earnings analysis for detailed insights.

Is AVG Logistics Ltd planning capital expenditure?

AVG Logistics has made a capex of approximately INR 65 crores till date in FY 2025-26. - For FY 2026-27, capex budget aligns with customer demand, expecting about 7-8% growth from existing clients and 7-10% from new clients. - The company is adding fleet vehicles, planning to increase cold chain vehicles by around 200 next year. - Planning to add 5 lakh square feet of warehousing space by 2027, increasing current capacity from 9 lakh sq.

Keep AVG Logistics Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.