AVG Logistics Limited — Updates, 14-11-2024: Press Release (Revised)

AVG Logistics Limited reported robust financial results for H1 FY25, with total income reaching ₹263.25 Cr, a year-on-year increase of 20.35%. EBITDA rose to ₹48.04 Cr, marking a 19% improvement. Net profit surged 149.42% to ₹10.59 Cr, while the net profit margin expanded by 210 basis points to 4.05%. For Q2 FY25, total income was ₹139.57 Cr, up 18.30% from the previous year, with net profit more than tripling to ₹5.38 Cr.

Strategically, AVG secured an appointment as an Authorized Partner for Parcel Services with UPSRTC, enabling revenue potential of ₹60 Cr over five years through 9,000 buses. The launch of 20-feet electric trucks aligns with sustainability goals and underscores AVG's commitment to eco-friendly logistics. The addition of 121 fleets in H1 FY25 supports their growth trajectory. Overall, these developments indicate a positive outlook for AVG Logistics, enhancing their market position in the logistics sector.