Q4FY24 results- Very good results.
Press release
AVG Logistics Achieves 283% PAT Growth in FY24
FY24 Highlights:
Company had over 467 owned vehicles in FY23 and by FY24, this increased to 574, with an addition of 107 vehicles.
The Company expands its rail network with the addition of 3 new routes, bringing the total to 8rail
routes by FY24.
The company’s debt reduced from ₹112.74 Cr to ₹88.88 Cr in FY24, reflecting effective debt
management and improved financial health.
Company has declared the dividend to its shareholders consecutively for this year also at a rate of 12% on face value as compared to 10% in previous year.
Commenting on performance, Mr. Sanjay Gupta Managing Director & CEO, said,
With substantial year-on-year growth in revenue, EBITDA, and PAT, AVG Logistics is reaffirming its
commitment to excellence.
The award of the significant Indian Railways contract is a testament to our strategic long-termvision. Recent acquisition of a fleet of high-quality cold chain vehicles further amplifies our capabilities and demonstrates our dedication to providing top-notch services to our customers.
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