**1. Business Performance:** AVG Logistics ended FY26 strongly, with total income rising 5.1% YoY to ₹582.48 Cr.

EBITDA saw a robust 14.3% YoY growth, reaching ₹112.45 Cr, while PBT climbed 18.7% to ₹34.46 Cr.

Q4 FY26 was particularly strong, with revenue up 19.4% YoY to ₹176.61 Cr and EBITDA surging 45.2% YoY to ₹34.72 Cr, reflecting solid performance across its multi-modal operations. **2. Growth Drivers or Strategy:** The company's Vision 2030 aims for ₹1,250 Cr revenue and a PAT of ₹120 Cr.

This will be driven by expanding high-margin supply chain solutions, scaling liquid logistics (ISO Tanks), growing industrial logistics, and significant capacity expansion, including over ₹100 Cr capex planned for FY25-26. **3. Recent Developments:** AVG launched its liquid cargo rail vertical with ISO Tanks and expanded its green LNG-powered fleet.

Key wins include a 3PL partnership with PepsiCo India and a long-term transportation contract with Haldiram Nagpur.

The company also introduced India's first fleet of 5 high-tonnage electric vehicles. **4. Key Financial Metrics:** * FY26 Revenue: ₹582.48 Cr (+5.1% YoY) * FY26 EBITDA: ₹112.45 Cr (+14.3% YoY) * Q4 FY26 Revenue: ₹176.61 Cr (+19.4% YoY) * Q4 FY26 EBITDA: ₹34.72 Cr (+45.2% YoY) * Debt-to-Equity (Mar'26): 0.67 **5. Management Commentary / Outlook:** AVG Logistics is focused on sustainable logistics, investing in green fleets (LNG/EV) and developing tech-driven platforms for enhanced efficiency and customer experience.

The strategic path forward emphasizes expanding its multi-modal network, with a strong focus on cold chain, parcel, and liquid logistics segments.