Q3 2026 AVG Logistics Ltd Earnings Call Transcript
Key Points
- AVG Logistics Ltd (NSE:AVG) reported stable financial performance with a revenue of INR 134.08 crores for Q3 FY26 and an EBITDA margin of 20.29%.
- The company has expanded its LNG-powered fleet, reinforcing its commitment to green and cost-efficient logistics.
- AVG Logistics Ltd (NSE:AVG) secured a 6-year lease contract from Indian Railways, enhancing its rail logistics capabilities.
- The company is experiencing high capacity utilization across its operations, with fleet utilization at 97% to 98%.
- The warehousing segment is operating at full capacity, with plans to expand from 9 lakh square feet to 15 lakh square feet next year.
- Despite fleet expansion and service diversification, revenue growth has been modest, with a projected revenue of INR 560-570 crores for FY26.
- The logistics industry faces challenges due to volatile global equity markets and international policy uncertainties.
- The company relies heavily on market fleet, which has lower margins compared to its own fleet.
- Return loads on certain rail routes, such as Guwahati to Delhi, are significantly lower, impacting overall profitability.
- The logistics sector is highly competitive, with pressure to adopt sustainable practices and alternative fuels, which require significant investment.
Ladies and gentlemen, good day, and welcome to the Q3 and nine month FY26 results conference call of AVG Logistics Limited, hosted by Kirin Advisors Private Limited. (Operator Instructions) Please note that this conference is being recorded.
Before we proceed, a quick disclaimer, please note, this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to Mr. Harshil Ghanshyani of Kirin Advisors Private Limited. Thank you, and over to you, sir.
Yes. Thank you, everyone. On behalf of Kirin Advisors, I welcome you all on the conference call of AVG Logistics Limited for Q3 and nine months FY26. From the management team, we have Mr. Sanjay Gupta, Managing Director and CEO.
We have Mr. Rajesh Rohilla, Chief
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