Event Type and Details:

  • This document is the transcript of an earnings conference call for Q1 FY2026-27, held on Wednesday, August 26, 2026, at 12:00 P.M. IST.
  • The call was hosted by Kirin Advisors.

Management Participants:

  • Mr. Sanjay Gupta – Managing Director and Chief Executive Officer
  • Mr. Rajesh Rohilla – Chief Financial Officer

Financial Performance Highlights (Q1 FY27 vs. Q1 FY26):

  • Revenue from Operations: Increased by 5.97% Year-on-Year (YoY) to INR 132.48 crores (from INR 125.02 crores).
  • Profit Before Tax (PBT): Increased by 24.42% YoY to INR 8.71 crores.
  • Profit After Tax (PAT): Increased by 29.98% YoY to INR 6.46 crores.
  • PBT Margin: Improved by 98 basis points to 6.58%.
  • PAT Margin: Improved by 89 basis points to 4.87%.

Strategic and Operational Updates:

  • The improvement in profitability, outpacing revenue growth, is attributed to better operational efficiency, asset utilization, and cost discipline.
  • New Contract: Secured a long-term contract from Haldiram, Nagpur, for the deployment of 100 dedicated vehicles for FMCG logistics. 40 vehicles were deployed on August 21, 2026, with the remaining 60 expected within the next 1-2 months. An additional 100-vehicle contract is being discussed for December 2026.
  • New Business Segments: The company is expanding into specialized logistics, including liquid logistics and green transportation (CNG, LNG, EV).
  • Joint Venture: Entered into a joint venture with Baidyanath Group to accelerate LNG-powered transportation for sectors like steel, metal, and cement.
  • Technology: Utilizing in-house software for real-time vehicle tracking and customer dashboards to improve asset utilization and planning.

Capital Allocation and Balance Sheet:

  • Rights Issue: Raised INR 52.93 crores to strengthen working capital and support general corporate purposes.
  • Capex: Invested INR 62 crores in FY26. Targeting INR 50-60 crores in capex for FY27, with an increased focus on an operational leasing model (especially for EVs) to manage the balance sheet.
  • Dividend: The Board declared a dividend of INR 1.20 per equity share for FY26, subject to shareholder approval at the 17th AGM.
  • Record Date: September 18, 2026. The register of members will be closed from September 19 to September 25, 2026.
  • Balance Sheet (as of March '26): Net debt was ~INR 173 crores, debt-equity stood at 0.67x, and the current ratio was ~1.97x.

Guidance and Outlook:

  • Management provided revenue growth guidance of approximately 15% to 20% for FY27.
  • This growth is expected to be driven equally from existing customers (increasing wallet share) and new customer contracts.
  • The company remains optimistic due to industry tailwinds from manufacturing growth, infrastructure spending (PM Gati Shakti, National Logistics Policy, Dedicated Freight Corridors), and the formalization of supply chains.

Q&A Session Key Points:

  • Seasonality: Q1 and Q2 are normal operating quarters, while Q3 and Q4 typically see higher volumes and better performance.
  • Margin Outlook: Margins are expected to improve further due to the full utilization of assets added in H2 FY26 and a focus on higher-margin specialized segments (dedicated vehicles, cold chain, warehousing, LNG, EV).
  • Fleet Addition Plan: Target to add ~200 vehicles in FY27, comprising CNG, LNG, and EVs, through a mix of purchase and leasing.

Additional Notes Section

  • The transcript of the earnings call is available on the company's website at www.avglogistics.com.
  • The document is an official filing with the BSE and NSE, dated August 29, 2026, and signed by the Managing Director.
  • The announcement itself does not contain new, undisclosed financial data beyond what was discussed in the call transcript it encloses.