AVG Logistics Announces Robust Q1 FY25 Financial Results amid Green Logistics Expansion

AVG Logistics Limited reported strong financial performance in Q1 FY25 with significant growth in revenue and profits driven by multimodal solutions, sustainability initiatives, and strategic rail contracts. The company emphasizes environmental responsibility, innovation, and customer dedication in its future strategies.

PNN Mumbai (Maharashtra) [India], August 16: AVG Logistics Limited, a leading multimodal logistics solutions provider, has unveiled its unaudited financial results for Q1 FY25.

Key consolidated financial highlights for the quarter include a total income of Rs 123.68 Cr, reflecting a 22.75% year-on-year growth, and an EBITDA of Rs 23.62 Cr, a 24.45% increase compared to the previous year. The EBITDA margin stood at 19.10%, showcasing a 26 basis point rise year-on-year. Profit after tax reached Rs 5.21 Cr, marking a substantial 105.90% growth, with a PAT margin of 4.21%, a hike of 170 basis points. Earnings per share (EPS) came in at Rs 3.81, up 77.21% year-on-year.

On a standalone basis, the financial performance also saw an upswing with a total income of Rs 123.39 Cr, a 22.46% year-on-year growth, and an EBITDA of Rs 23.55 Cr, reflecting a 24.05% increase. The standalone EBITDA margin was 19.09%, rising by 24 basis points. The company recorded a profit after tax of Rs 5.17 Cr, an impressive 148.24% growth, with a PAT margin of 4.19%, up by 212 basis points. The EPS for the standalone segment reached Rs 3.78, a 113.56% increase.

Highlighting its Q1 FY25 achievements, AVG Logistics has focused on enhancing rail transportation through a long-term contract with Indian Railways and expanding its green logistics segment by adding LNG-powered and electric vehicles to its fleet. The company plans to launch 50 more electric and LNG vehicles by June '25 to further its green logistics initiative. Additionally, AVG is transitioning to rail solutions for appliance transportation under a substantial Rs 50 crore contract over three years, aiming to elevate its multimodal connectivity.

The company has been recognized with the 'Committed to Safety & Resilience Award' by Nestle India and has been allotted a new 4-acre land parcel by the Odisha Government in Khurda District, Bhubaneswar, to establish an ancillary unit bolstering logistics support and business growth in the region.

Sanjay Gupta, Managing Director and CEO of AVG Logistics Limited, expressed delight over the robust financial performance, attributing it to the company's strategic vision and commitment to excellence. He emphasized the importance of sustainability and innovation in their operations, highlighting their recent acquisitions and green logistics initiatives. Gupta reaffirmed the company's dedication to responsible business practices, customer satisfaction, and industry leadership in eco-friendly logistics.

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(With inputs from agencies.)