AVG Logistics FY26 Net Profit Rises 22% to ₹26.17 Cr; Launches ₹52.93 Cr Rights Issue

Synopsis: AVG Logistics delivered a profit-led performance in FY26, with PAT rising 22 percent to Rs 25.9 crore despite largely flat revenue at Rs 556 crore, indicating strong operating leverage and improved cost efficiency. 

The company is growing its asset base aggressively, with increasing capex and sharply increasing borrowings, with long term debt more than doubling. At the same time, working capital is also under pressure as high receivables are putting a drag on cash conversion. Operating cash flows are improving markedly but are being outstripped by heavy investment spend, leaving the company reliant on external funding.

AVG Logistics Limited is currently trading at Rs 179.1 after yesterday’s closing price of Rs 179.34 . The stock opened at Rs 179.4 and striked a day high of Rs 183; the day’s low so far is Rs 176.4. The current market capitalisation of the company is Rs 339 crore, with a price-to-earnings ratio of 13 times lower than the peer median industry ratio of 25.38 times.

Income Details

The company’s consolidated revenue from daily shipping and warehousing operations rose 1.07 percent to Rs 557.41 crore from Rs 551.52 crore last year. Total annual income rose 5.07 percent to Rs 582.48 crore from Rs 554.36 crore last year. This total income includes a Rs 21.19 crore one-time gain. ROCE and ROE of the company stand out to be 13.7 percent and 10.1  percent respectively, and earnings per share as of Q4 FY26 are Rs 5.73 from Rs 2.89 as of Q3 FY26.

Indian Railways terminated a goods route lease agreement on the Yesvantpur-Patel Nagar line due to operational revenue objections, clearing its remaining lease balances and allowing it to record this specialised accounting gain. 

Expense Tracking

Total consolidated expenses rose 4.35 percent to Rs 548.03 crore from Rs 525.19 crore a year earlier. The annual interest and borrowing costs rose 20.22 percent to Rs 31.08 crore from Rs 25.85 crore. After operating costs, interest charges, and Rs 8.28 crore in taxes, the company’s net profit was Rs 26.17 crore, up 5.56 percent from Rs 7.85 crore. Final profit rose 22.72 percent to Rs 26.17 crore from Rs 21.33 crore in the previous fiscal year.

Asset and Debt Structure

Long-term borrowings from banks and financial institutions rose 157.53 percent to Rs 88.71 crore from Rs 34.45 crore. Daily operations cash increased 473.61 percent to Rs 49.04 crore from Rs 8.55 crore in the previous period. This year, the company left its secondary associate partnership and closed its liquid logistics subsidiary.

In June 2026, shortly after the formal closing date of the annual report, the Board of Directors completed a major capital fundraising move. The company announced a rights issue of equity shares to its existing owners, raising a total value of up to Rs 52.93 crore. FY26 shows a clear shift; the company is improving profitability through efficiency while simultaneously investing heavily in future growth.

Indian integrated logistics provider AVG Logistics Limited provides transportation, warehousing, and multimodal logistics. The company serves industrial and infrastructure-linked supply chains with asset-backed operations.

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