AVG Logistics reported strong FY26 results with total income at ₹582.48 crore and EBITDA at ₹112.45 crore. The company is shifting to high-margin supply chain solutions, securing new contracts and launching liquid logistics. However, gross debt increased significantly to fund expansion.
AVG Logistics FY26: Revenue Crosses ₹582 Crore, EBITDA Hits ₹112 Crore
FY26 Total Income: ₹582.48 crore
FY26 EBITDA: ₹112.45 crore
Reader Takeaway: Growth in revenue and strategic shifts offset rising debt from aggressive expansion.
What just happened
AVG Logistics announced its financial results for the fiscal year ended March 2026 (FY26). The company reported a total income of ₹582.48 crore and EBITDA of ₹112.45 crore. For the fourth quarter (Q4 FY26), revenue stood at ₹176.61 crore with EBITDA at ₹34.72 crore.
Why this matters
The results indicate growth and a strategic pivot towards higher-margin supply chain solutions. The company secured significant new contracts with marquee clients and launched a new liquid logistics vertical, signaling a diversification of its revenue streams beyond traditional rental services.
The backstory
AVG Logistics is actively transitioning its business model from pure rental services to integrated Supply Chain Solutions. This strategic shift aims to capture higher margins and provide comprehensive logistics services to clients.
What changes now
The company has formalized a joint venture with Baidyanath Group and launched a specialized liquid logistics vertical. These initiatives, along with new contracts for 3PL warehousing and dedicated transportation, are expected to drive future revenue and profitability.
Risks to watch
Gross debt has increased to ₹180.82 crore from ₹107.32 crore in March 2025, driven by expansion and capex plans of over ₹100 crore for FY25-26. Consistent cash flow generation is crucial to service this debt while funding ongoing expansion. The aggressive 'Vision 2030' target of ₹1,250 crore by 2030 also carries execution risks.
Peer comparison
While specific peer financial data for FY26 is not provided in the filing, AVG Logistics' focus on integrated supply chain solutions and diversification into specialized verticals like liquid logistics is a trend seen across the logistics sector as companies seek to move up the value chain.
Context metrics (time-bound)
- FY26 Total Income: ₹582.48 crore
- FY26 EBITDA: ₹112.45 crore
- Q4 FY26 Revenue: ₹176.61 crore
- Q4 FY26 EBITDA: ₹34.72 crore
- Net Debt (Mar'2026): ₹173.05 crore
- Current Ratio (Mar'2026): 1.97
- Gross Debt (Mar'2026): ₹180.82 crore
- Gross Debt (Mar'2025): ₹107.32 crore
What to track next
Investors should monitor the company's ability to generate consistent cash flows to manage its rising debt. The contribution of new verticals like liquid logistics and industrial logistics to overall profitability will be key. Tracking the successful execution of its 'Vision 2030' roadmap is also important.