{"id":36532,"date":"2024-02-16T15:34:32","date_gmt":"2024-02-16T10:04:32","guid":{"rendered":"https:\/\/theindianinfluencer.com\/index.php\/2024\/02\/16\/avg-logistics-q3-fy24-net-profit-up-by-256\/"},"modified":"2024-02-16T15:34:32","modified_gmt":"2024-02-16T10:04:32","slug":"avg-logistics-q3-fy24-net-profit-up-by-256","status":"publish","type":"post","link":"https:\/\/theindianinfluencer.com\/index.php\/2024\/02\/16\/avg-logistics-q3-fy24-net-profit-up-by-256\/","title":{"rendered":"AVG Logistics Q3 FY24 Net Profit Up By 256%"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], February 16:<\/strong> AVG Logistics Limited,\u00a0(BSE \u2013 543910, NSE \u2013 AVG),\u00a0a leading multimodal logistics solutions provider has\u00a0<\/a>announced\u00a0its Unaudited Financial Results for the\u00a0Q3 and 9M FY24.<\/p>\n

Consolidated\u00a0Key Financial\u00a0Highlights\u00a0for\u00a0Q3 and 9M\u00a0FY24<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n
\u00a0Particulars (\u20b9\u00a0Cr)<\/td>\nQ3 FY24<\/td>\nQ3 FY23<\/td>\nYoY\u00a0<\/td>\n9M FY24<\/td>\n9M FY23<\/td>\nYoY<\/td>\n<\/tr>\n
Total Income<\/td>\n125.28<\/td>\n107.20<\/td>\n16.87%<\/td>\n344.01<\/td>\n315.35<\/td>\n9.09%<\/td>\n<\/tr>\n
EBITDA<\/td>\n23.14<\/td>\n19.47<\/td>\n18.85%<\/td>\n63.51<\/td>\n52.33<\/td>\n21.36%<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\n18.47%<\/td>\n18.16%<\/td>\n31 BPS<\/td>\n18.46%<\/td>\n16.60%<\/td>\n186\u00a0BPS<\/td>\n<\/tr>\n
Net Profit<\/td>\n4.80<\/td>\n1.35<\/td>\n255.56%<\/td>\n9.04<\/td>\n2.36<\/td>\n210.65%<\/td>\n<\/tr>\n
Net Profit Margin<\/td>\n3.83%<\/td>\n1.26%<\/td>\n257\u00a0BPS<\/td>\n2.72%<\/td>\n0.75%<\/td>\n197\u00a0BPS<\/td>\n<\/tr>\n
EPS (\u20b9)<\/td>\n4.08<\/td>\n1.15<\/td>\n254.78%<\/td>\n7.67<\/td>\n1.99<\/td>\n285.43%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>
Consolidated\u00a0Key Financial\u00a0Highlights\u00a0<\/strong><\/figcaption><\/figure>\n

Key Operational Highlights<\/strong><\/p>\n

    \n
  • The Company\u00a0forms a strategic JV, secures\u00a0a\u00a0INR 150 Cr Indian Railways contract, expands cold chain fleet, and garners CII\u2019s prestigious award, showcasing commitment to excellence and innovation in logistics.<\/li>\n
  • During the quarter fleet size increased to 550 vehicles.<\/li>\n<\/ul>\n

    Commenting on recent update, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said,\u00a0\u201cWe are delighted to report impressive financial performance for the reported quarter. With a substantial YoY growth in\u00a0Revenue, EBITDA, and net profit, AVG Logistics reaffirms its commitment to excellence.\u00a0<\/p>\n

    Award of significant\u00a0Indian Railways contract underscores our strategic vision. The recent acquisition of a fleet of cold chain vehicles further amplifies our capabilities.\u00a0Winning the National Award for Supply Chain and Logistics Excellence is a testament to our industry leadership.\u00a0<\/p>\n

    Positioned for continued financial success, we remain dedicated to innovation, strategic partnerships, and an unwavering focus on customer satisfaction\u201d<\/p>\n

    \u00a0Highlights for Q3 FY24 (October 2023 \u2013\u00a0December\u00a02023)<\/strong><\/p>\n

    \u2022\u00a0The Company\u00a0clinches a significant contract, valued at ~INR 150 Cr over 6 years, leasing the Parcel Cargo Express Train (PCET) from Indian Railways. This specialized train, linking Bangalore to Ludhiana (Punjab), will conduct weekly round trips for the next 6 years,\u00a0totalling\u00a0313 journeys. Covering the distance in ~72 hours, the Express Service ensures swift, seamless connectivity between crucial locations. Ludhiana\u2019s inclusion in our railway network opens avenues to an expansive textile market, encompassing the largest hosiery manufacturing, cotton textiles, cycle manufacturing, among other key industries.
    \u00a0 \u2022\u00a0In a strategic move, AVG Logistics bolsters its fleet with 50+ cold chain vehicles, augmenting cold chain capabilities. This high-quality fleet, primarily acquired from a multinational logistics company, constitutes 20% of AVG\u2019s existing cold chain fleet and elevates the total strength to an impressive 275+\u00a0vehicles. \u00a0
    \u2022 Company is honoured with CII\u2019s National Award for Supply Chain Excellence, recognizing exceptional performance in FMCG distribution. Presented by Mr. R Dinesh, Chairman, and Mr. K.V. Mahidhar, Executive Director of CII Institute of Logistics.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Mumbai (Maharashtra) [India], February 16: AVG Logistics Limited,\u00a0(BSE \u2013 543910, NSE \u2013 AVG),\u00a0a leading multimodal logistics solutions provider has\u00a0announced\u00a0its Unaudited Financial Results for the\u00a0Q3 and 9M FY24. Consolidated\u00a0Key Financial\u00a0Highlights\u00a0for\u00a0Q3 and 9M\u00a0FY24 \u00a0Particulars (\u20b9\u00a0Cr) Q3 FY24 Q3 FY23 YoY\u00a0 9M FY24 9M FY23 YoY Total Income 125.28 107.20 16.87% 344.01 315.35 9.09% EBITDA 23.14 19.47 18.85% […]<\/p>\n","protected":false},"author":1,"featured_media":36533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20],"class_list":["post-36532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/36532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/comments?post=36532"}],"version-history":[{"count":0,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/36532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media\/36533"}],"wp:attachment":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media?parent=36532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/categories?post=36532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/tags?post=36532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}