{"id":17900,"date":"2023-06-07T11:26:05","date_gmt":"2023-06-07T11:26:05","guid":{"rendered":"https:\/\/delhinewswatch.com\/index.php\/2023\/06\/07\/avg-logistics-reports-fy23-profit-of-rs-8-33-crore\/"},"modified":"2023-06-07T11:26:05","modified_gmt":"2023-06-07T11:26:05","slug":"avg-logistics-reports-fy23-profit-of-rs-8-33-crore","status":"publish","type":"post","link":"https:\/\/delhinewswatch.com\/index.php\/2023\/06\/07\/avg-logistics-reports-fy23-profit-of-rs-8-33-crore\/","title":{"rendered":"AVG Logistics reports FY23 profit of Rs. 8.33 crore."},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/pnn.digital\/wp-content\/uploads\/2023\/06\/1-28-1024x768.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>Mumbai (Maharashtra) [India], June 7<\/strong>: AVG Logistics Limited is a Leading a leading logistic Company specialized in Rail, Cold chain, PTL transportation and warehousing,&nbsp;has&nbsp;<a>announced&nbsp;its audited Financial Results for the&nbsp;<\/a>Q4 &amp; FY23.<\/p>\n<p>Consolidated Financials at a Glance:&nbsp;<\/p>\n<p>FY23:<\/p>\n<ul>\n<li>Total Revenues&nbsp;at&nbsp;\u20b9&nbsp;429.90&nbsp;crore<\/li>\n<li>EBITDA at&nbsp;\u20b9&nbsp;77.74 crore<\/li>\n<li>EBITDA Margin at 18.08% Vs 9.56%<\/li>\n<li>PAT at&nbsp;\u20b9&nbsp;8.33 crore<\/li>\n<li>PAT Margin at 1.83% Vs 0.21%<\/li>\n<li>EPS at&nbsp;\u20b9&nbsp;7.09 Vs&nbsp;\u20b9&nbsp;0.82&nbsp;<\/li>\n<\/ul>\n<p>*Note: Financial accounting reconciliation as per IND AS<\/p>\n<ul>\n<li>The board approved allotment of 8,50,000 convertible warrants convertible into one equity share of Rs 10 each to promoters on a preferential basis at price of \u20b9222.60 per warrant.<\/li>\n<li>The board approved preferential allotment of 650,000 convertible warrants convertible into one equity share of Rs 10 each &nbsp;to non- promoters on a preferential basis at price of \u20b9222.60 per warrant.<\/li>\n<li>Recommend a final dividend of \u20b91 per share<\/li>\n<\/ul>\n<p>Commenting on this&nbsp;Mr. Sanjay Gupta, Managing Director and CEO of the Company said&nbsp;\u201cWe are happy to report strong growth in profit for FY23. This was possible due to increased revenue from the high margin reefer and rail transport business.<\/p>\n<p>The Company has expanded its capacity in the QSR and cold chain solutions space. AVG has signed a contract with leaders in the FMCG segment and QSR players and entered into the Ice-cream space, deepening its presence in the North-East region. We are expanding the capacity of high margin reefer in FY24 which would add to our bottomline substantially.<\/p>\n<p>We are also looking to expand our warehousing capacity from 7 lakh sq. ft area to 9 lakh sq. ft. area to increase our supply chain business. This includes acquisition of a warehouse of 85,000 sq. ft area in Goa.<\/p>\n<p>I am happy to inform you that your Company has moved to the Mainboard of NSE and BSE from NSE Emerge w.e.f. May 12<sup>th<\/sup>&nbsp;2023. Migration to the main board is a big milestone for the Company. This will improve liquidity and bring new set of investors\u201d<\/p>\n<p>About AVG Logistics&nbsp;Limited:<\/p>\n<p>AVG Logistics Ltd, established in 2010 by Mr. Sanjay Gupta, a first generation entrepreneur. Specializing in transportation and warehousing, AVG offers end-to-end customized logistics solutions to clients that includes (primary and secondary) road transport services, railway logistics solutions, coastal shipping services, reefer transportation, warehousing services, and more.<\/p>\n<p>With a strong pan-India presence and over 80 branches, the company has an infrastructure comprising 500+ trucks and 6 leased warehouses. The Company own a warehouse in Mysore, and an upcoming warehouse in Agartala, providing a total operational space of approximately 705,000 sq. ft.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 7: AVG Logistics Limited is a Leading a leading logistic Company specialized in Rail, Cold chain, PTL transportation and warehousing,&nbsp;has&nbsp;announced&nbsp;its audited Financial Results for the&nbsp;Q4 &amp; FY23. Consolidated Financials at a Glance:&nbsp; FY23: Total Revenues&nbsp;at&nbsp;\u20b9&nbsp;429.90&nbsp;crore EBITDA at&nbsp;\u20b9&nbsp;77.74 crore EBITDA Margin at 18.08% Vs 9.56% PAT at&nbsp;\u20b9&nbsp;8.33 crore PAT Margin at 1.83% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[628],"class_list":["post-17900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts\/17900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/comments?post=17900"}],"version-history":[{"count":0,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/posts\/17900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/media\/17901"}],"wp:attachment":[{"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/media?parent=17900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/categories?post=17900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delhinewswatch.com\/index.php\/wp-json\/wp\/v2\/tags?post=17900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}