Shares of AVG Logistics Ltd (BSE: 543910, NSE: AVG) closed lower on Friday after the company reported quarterly results showing a year-on-year decline in revenue. At the close of markets in Mumbai, the stock was trading at ₹143.96, down on the day with an intraday percentage move reflecting weakness in the stock price. Based on 13 February data, the company’s market capitalization stood around ₹217 crore.
Q3 FY26 Results
For the third quarter ended 31 December 2025, AVG Logistics reported consolidated revenue from operations of ₹135.18 crore, down from ₹142.44 crore in the year-ago period. Total consolidated income, including other income, was ₹135.29 crore for Q3 FY26 compared with ₹143.20 crore in Q3 FY25.
Net profit on a consolidated basis for the quarter was ₹5.41 crore compared with ₹5.20 crore in the corresponding quarter a year earlier. Basic and diluted earnings per share were ₹3.59 in Q3 FY26 compared with ₹3.50 in Q3 FY25.
On a standalone basis, revenue from operations in the quarter was ₹133.77 crore compared with ₹142.38 crore in Q3 FY25. Standalone net profit for the quarter was ₹5.36 crore compared with ₹5.49 crore a year earlier.
YTD FY26 Results
For the nine months ended 31 December 2025, consolidated revenue from operations stood at ₹405.88 crore, marginally higher than ₹403.80 crore in the corresponding period of the prior year. Consolidated net profit for the nine-month period was ₹15.46 crore, compared with approximately ₹16.10 crore in the year-ago period. The financial results reflect a year-to-date trend of slight revenue growth and a small contraction in cumulative profit relative to the prior nine-month period.
Business & Operations
AVG Logistics operates in the logistics and supply chain sector, providing road transportation, warehousing, cold chain, multimodal logistics services, and related activities. The company’s operations include a fleet capable of full truckload and less-than-truckload services, temperature-controlled transport, and distribution solutions across India as well as exports to neighboring countries.
During the quarter, corporate developments included the appointment of Rajesh Rohilla as Chief Financial Officer effective 23 January 2026, succeeding the prior CFO who resigned in November 2025. Additionally, the company completed the strike-off of its subsidiary AVG Sunil Liquid Logistics Private Limited during the period ended 30 September 2025.
AVG Logistics published the Q3 FY26 results in compliance with SEBI Regulations, completing statutory newspaper disclosures and filing with the stock exchanges.
Equity Analyst Commentary
Institutional research and market data show that the quarterly performance reflected modest year-on-year changes in key metrics. Revenue and profit figures released under regulatory filings indicate a revenue contraction in the quarter and a marginal change in net earnings compared with the prior year. Market commentators highlighted the transitional nature of the period’s figures relative to the previous year’s base.
Performance Summary
AVG Logistics shares declined on the session as markets absorbed the Q3 FY26 results. Revenue in the quarter decreased from the prior year, while net profit showed a slight increase on a year-on-year basis. On a year-to-date basis, revenue showed modest growth with a small contraction in cumulative profit. Operational highlights included executive leadership changes and subsidiary restructuring. The stock’s intraday performance reflected these developments.