{"id":33371,"date":"2024-08-20T18:25:53","date_gmt":"2024-08-20T12:55:53","guid":{"rendered":"https:\/\/bizzsight.com\/index.php\/2024\/08\/20\/avg-logistics-achieves-105-pat-growth\/"},"modified":"2024-08-20T18:25:53","modified_gmt":"2024-08-20T12:55:53","slug":"avg-logistics-achieves-105-pat-growth","status":"publish","type":"post","link":"https:\/\/bizzsight.com\/index.php\/2024\/08\/20\/avg-logistics-achieves-105-pat-growth\/","title":{"rendered":"AVG Logistics Achieves 105% PAT Growth"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], August 16: AVG Logistics Limited, (BSE \u2013 543910, NSE \u2013 AVG), a leading multimodal logistics solutions provider, has\u00a0announced its\u00a0unaudited\u00a0financial\u00a0results for the\u00a0Q1\u00a0FY25.<\/p>\n

Q1 FY25<\/p>\n

Consolidated Key Financial Highlight-<\/p>\n

\u2013 Total Income of\u00a0\u20b9\u00a0123.68\u00a0Cr, YoY growth of 22.75%<\/p>\n

\u2013 EBITDA of\u00a0\u20b9\u00a023.62\u00a0Cr, YoY growth of 24.45%<\/p>\n

\u2013 EBITDA Margin of\u00a019.10%, YoY growth of 26 BPS<\/p>\n

\u2013 Profit\u00a0After Tax\u00a0of\u00a0\u20b9\u00a05.21\u00a0Cr, YoY growth of 105.90%<\/p>\n

\u2013 PAT\u00a0Margin of\u00a04.21%, YoY growth of 170 BPS<\/p>\n

\u2013 EPS of\u00a0\u20b9\u00a03.81, YoY growth of 77.21%<\/p>\n

Standalone Key Financial Highlight-<\/p>\n

\u2013 Total Income of\u00a0\u20b9\u00a0123.39\u00a0Cr, YoY growth of 22.46%<\/p>\n

\u2013 EBITDA of\u00a0\u20b9\u00a023.55\u00a0Cr, YoY growth of 24.05%<\/p>\n

\u2013 EBITDA Margin of\u00a019.09%, YoY growth of 24 BPS<\/p>\n

\u2013 Profit\u00a0After Tax\u00a0of\u00a0\u20b9\u00a05.17\u00a0Cr, YoY growth of 148.24%<\/p>\n

\u2013 PAT\u00a0Margin of\u00a04.19%, YoY growth of 212 BPS<\/p>\n

\u2013 EPS of\u00a0\u20b9\u00a03.78, YoY growth of 113.56%<\/p>\n

Q1\u00a0FY25\u00a0Highlights:<\/p>\n

\u2013 Focus\u00a0on\u00a0Rail transportation, driven by a long-term contract with Indian Railways.<\/p>\n

\u2013 Addition of LNG powered vehicles\u00a0& EV\u00a0to strengthen and expand\u00a0Green\u00a0logistics, advancing efforts to\u00a0reduce carbon emission.<\/p>\n

\u2013 Planning to launch\u00a0more Electric vehicles and LNG fleet, targeting to add 50 vehicles by June \u201925 for\u00a0Green logistic expansion.<\/p>\n

\u2013 Revolutionizing Appliance Transport with Rail Solutions-\u00a0Company will transition to rail transportation for safely and efficiently moving appliances such as washing machines, air conditioners, and refrigerators, under a\u00a0\u20b950 crore contract over 3 years, enhancing multi-modal connectivity<\/p>\n

\u2013 Received the Prestigious \u201cCommitted to Safety & Resilience Award\u201d from Nestle India.<\/p>\n

\u2013 Odisha Government has\u00a0allotted\u00a04-acre\u00a0land parcel\u00a0in Khurda District, Bhubaneswar, to AVG Logistics Limited.\u00a0This new ancillary unit will boost logistics support, drive business growth, and expand client opportunities in Odisha.<\/p>\n

Commenting on\u00a0performance, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said,\u00a0\u201cWe are delighted to share the\u00a0robust\u00a0financial performance achieved in the reported quarter. With substantial year-on-year growth in revenue, EBITDA, and PAT, AVG Logistics is reaffirming its commitment to excellence.<\/p>\n

The award of the significant Indian Railways contract is a testament to our strategic\u00a0long-term\u00a0vision. Our recent acquisition of a fleet of high-quality cold chain vehicles further amplifies our capabilities and demonstrates our dedication to providing top-notch services to our customers.<\/p>\n

The adoption of\u00a0Electric vehicles and LNG fleets aligns with\u00a0our\u00a0sustainability objectives and reinforces the\u00a0AVG\u2019s commitment to responsible business practices\u00a0and support our customer to fulfil their sustainability goals. With a focus on innovation and environmental awareness, the company aims to establish a new standard for eco-friendly logistics, leading the path towards a cleaner and more sustainable industry while progressing towards the goal of\u00a0reducing carbon\u00a0emissions.<\/p>\n

Our commitment to honesty, responsibility, and customer dedication set us apart in the competitive landscape.<\/p>\n

We remain dedicated to innovation, strategic partnerships, and an unwavering focus on customer satisfaction\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], August 16: AVG Logistics Limited, (BSE \u2013 543910, NSE \u2013 AVG), a leading multimodal logistics solutions provider, has\u00a0announced its\u00a0unaudited\u00a0financial\u00a0results for the\u00a0Q1\u00a0FY25. Q1 FY25 Consolidated Key Financial Highlight- \u2013 Total Income of\u00a0\u20b9\u00a0123.68\u00a0Cr, YoY growth of 22.75% \u2013 EBITDA of\u00a0\u20b9\u00a023.62\u00a0Cr, YoY growth of 24.45% \u2013 EBITDA Margin of\u00a019.10%, YoY growth of 26 BPS \u2013 […]<\/p>\n","protected":false},"author":4,"featured_media":33372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-33371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/33371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=33371"}],"version-history":[{"count":0,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/33371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media\/33372"}],"wp:attachment":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=33371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=33371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=33371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}