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

AVG Logistics Limited has reported a strong performance for H1 FY25 and Q2 FY25, with total income reaching ₹263.25 Cr, an increase of 20.35% year-on-year. EBITDA rose by 19.01% to ₹48.04 Cr, while net profit surged 111.81% to ₹10.59 Cr, resulting in an EPS of ₹7.75. For Q2 alone, total income was ₹139.57 Cr, with a net profit of ₹5.38 Cr, reflecting an 84.43% increase.

Strategic initiatives include the appointment as an Authorized Partner for Express Parcel Services with UPSRTC, expected to yield ₹60 Cr over five years from utilizing space in 9,000 buses for parcel delivery. Additionally, AVG launched a 20-feet electric truck, underscoring its commitment to sustainable logistics, and added 121 fleets in H1 FY25.

These developments enhance AVG's position as a logistics solution provider while aligning with sustainability goals, presenting a positive outlook for future growth and customer satisfaction.