AVG Logistics Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & 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.
Price
₹186
Market Cap
₹384 Cr
P/E Ratio
32.5
How does AVG Logistics Ltd rank in Transport Services?
Compare AVG Logistics Ltd against every Transport Services company this quarter on revenue, margins and earnings-call signals.
AVG Logistics Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹134 Cr, net profit ₹5 Cr.
Full financials →📊 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.
🏗️ 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.
📋 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
Frequently Asked Questions
What were AVG Logistics Ltd Q3 FY26 results?
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.
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.
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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.