AVG Logistics Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- AVG Logistics Ltd reported a 2.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.3%.
- Its expenses for the quarter were up by 2.1% QoQ and 13.9% YoY.
- The net profit increased 2.4% QoQ and increased 14.8% YoY.
- The earnings per share (EPS) of AVG Logistics Ltd stood at 3.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 143.20 | 139.57 | 125.28 | 2.6% | 14.3% |
Total Expenses | 135.27 | 132.51 | 118.76 | 2.1% | 13.9% |
Profit Before Tax | 7.93 | 7.06 | 6.51 | 12.3% | 21.8% |
Tax | 2.42 | 1.68 | 2.15 | 44.0% | 12.6% |
Profit After Tax | 5.51 | 5.38 | 4.80 | 2.4% | 14.8% |
Earnings Per Share | 3.80 | 3.90 | 4.10 | -2.6% | -7.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
AVG Logistics Ltd is a prominent player in the logistics and supply chain management industry. The company specializes in providing comprehensive logistics solutions, including transportation, warehousing, and distribution services. AVG Logistics Ltd operates in a sector characterized by a high demand for efficient and reliable logistics services, driven by the growth of e-commerce and industrial activities. Recently, there have been no specific major developments provided for AVG Logistics Ltd in the data or context available. Therefore, any further insights into new projects, partnerships, or expansions are not available.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), AVG Logistics Ltd reported a total income of ₹143.20 crores. This marks an increase from ₹139.57 crores recorded in the previous quarter (Q2FY25), reflecting a quarter-over-quarter (QoQ) growth of 2.6%. Comparing year-over-year (YoY) performance, there is a notable increase from ₹125.28 crores in Q3FY24, showing a 14.3% growth. This growth in revenue may suggest effective strategic initiatives or increased demand for the company's logistics services over the respective quarters.
Profitability
During Q3FY25, AVG Logistics Ltd achieved a profit before tax of ₹7.93 crores, which is an increase from ₹7.06 crores in Q2FY25, resulting in a 12.3% QoQ growth. The profit before tax in Q3FY24 was ₹6.51 crores, indicating a YoY growth of 21.8%. The tax expense for Q3FY25 stood at ₹2.42 crores, which is higher than both the preceding quarter (₹1.68 crores) and the same quarter last year (₹2.15 crores), with a QoQ increase of 44.0% and a YoY increase of 12.6%. Consequently, the profit after tax for Q3FY25 was ₹5.51 crores, showing a QoQ increase of 2.4% from ₹5.38 crores and a YoY increase of 14.8% from ₹4.80 crores. Earnings per share (EPS) decreased to ₹3.80 in Q3FY25 from ₹3.90 in Q2FY25, marking a QoQ decline of 2.6% and a YoY decline of 7.3% from ₹4.10 in Q3FY24.
Operating Metrics
The total expenses for AVG Logistics Ltd in Q3FY25 were reported at ₹135.27 crores, showing a slight QoQ increase of 2.1% from ₹132.51 crores in Q2FY25. Compared to Q3FY24, when total expenses were ₹118.76 crores, there is a 13.9% YoY increase. This rise in expenses could be attributed to factors such as operational expansion or inflationary pressures on costs. The company's focus on maintaining profitability despite increasing expenses is reflected in the growth of profit before tax and profit after tax over both the quarter and the year.
