The Board of Directors of AVG Logistics Limited held a meeting on November 13, 2026, which commenced at 03:30 P.M. and concluded at 5:00 P.M. The primary purpose of the meeting was to approve and disclose the company's financial results as required by SEBI Listing Regulations (Regulation 33).

Key Financial Figures (Consolidated)

For the Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹15,162.32 Lakhs
  • Other Income: ₹261.70 Lakhs
  • Income from Reversal of Lease (Note 4): ₹28,410.00 Lakhs
  • Total Income: ₹43,834.02 Lakhs
  • Total Expenses: ₹14,408.69 Lakhs
  • Profit Before Tax: ₹29,425.33 Lakhs
  • Tax Expense: ₹306.35 Lakhs (Current Tax: ₹129.22 Lakhs; Deferred Tax Charge: ₹177.13 Lakhs)
  • Profit for the Period: ₹29,119.88 Lakhs
  • Share of Loss from Joint Venture: ₹(0.10) Lakhs
  • Total Comprehensive Income for the Period: ₹29,121.23 Lakhs
  • Earnings Per Share (Basic and Diluted): ₹3.80

For the Half Year Ended September 30, 2026:

  • Profit for the Period: ₹1,356.90 Lakhs
  • Total Comprehensive Income: ₹1,359.10 Lakhs
  • Earnings Per Share (Basic and Diluted): ₹7.80

Balance Sheet (Consolidated as of September 30, 2026):

  • Total Assets: ₹64,173.83 Lakhs
  • Equity Share Capital: ₹1,870.81 Lakhs
  • Other Equity: ₹31,610.29 Lakhs
  • Total Equity: ₹33,481.10 Lakhs
  • Non-Current Liabilities: ₹18,082.19 Lakhs (Borrowings: ₹10,474.54 Lakhs; Lease Liabilities: ₹5,837.57 Lakhs)
  • Current Liabilities: ₹12,834.63 Lakhs (Borrowings: ₹8,470.05 Lakhs; Trade Payables: ₹1,080.27 Lakhs)

Material Event: Lease Reversal

Note 4 details a material event. The company had a lease agreement with Indian Railways for the Yesvantpur-Patel Nagar-Yesvantpur route. Indian Railways terminated the lease in the previous year, citing objections by South Western Railways due to uneconomical operation and loss of revenue. Upon termination, the company recognized a net gain of ₹2,119.41 Lakhs (Net right-of-use assets of ₹4,321.94 Lakhs less lease liability of ₹6,441.35 Lakhs) in accordance with IndAS 116. Due to its material nature, this gain is disclosed as a separate line item, 'Income from reversal of lease,' amounting to ₹28,410.00 Lakhs for the half-year.

Joint Venture Formation

Note 7 discloses that on April 20, 2026, the company entered into a joint venture arrangement with Baidyanath LNG Private Limited. This led to the incorporation of Carbonlite Logistics Private Limited to undertake logistics activities. AVG Logistics holds a 50% stake in the joint venture, with a paid-up share capital contribution of ₹5 Lakhs out of a total paid-up capital of ₹10 Lakhs. The company's share of loss from this joint venture for the quarter is ₹0.10 Lakhs.

Subsidiaries and Consolidation

The consolidated results include the following entities:

  • Galaxy Packers and Movers Private Limited (Subsidiary)
  • Kaizen Logistics (Subsidiary)
  • Carbonlite Logistics Private Limited (Joint Venture, w.e.f. April 20, 2026)

The auditors' review report notes that the interim financial information of two subsidiaries and the joint venture were not reviewed by their respective auditors but were considered not material to the Group.

Standalone Financials

For the Quarter Ended September 30, 2026 (Standalone):

  • Profit Before Tax: ₹1,852.91 Lakhs
  • Profit for the Period: ₹1,356.90 Lakhs
  • Total Comprehensive Income: ₹1,359.10 Lakhs
  • Earnings Per Share (Basic and Diluted): ₹7.80

Balance Sheet (Standalone as of September 30, 2026):

  • Total Assets: ₹64,173.83 Lakhs
  • Total Equity: ₹27,116.37 Lakhs
  • Total Liabilities: ₹37,057.46 Lakhs

Cash Flow Statements

Summaries of consolidated and standalone cash flow statements for the half-year ended September 30, 2026, are provided, detailing cash flows from operating, investing, and financing activities.

Approval and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The preparation is in compliance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations.