Promoters Purchased 1,14,725 Shares: Logistics Solutions Provider Secures Strategic Contract Worth Rs 90 Crore with Leading Cement Company!
This contract, valued at approximately Rs 90 crore, will span three years starting Q3 FY 2025
AVG Logistics Ltd a leading multimodal logistics solutions provider, has bagged a significant order from one of India’s top cement manufacturers. This contract, valued at approximately Rs 90 crore, will span three years starting Q3 FY 2025, bolstering AVG’s annual revenue and marking its entry into the rapidly expanding cement industry.
The agreement, to be implemented in phases from Q3 FY 2025, positions AVG to tap into the growing logistics demands of India’s booming infrastructure and urbanization sectors. With its large-scale production and distribution needs, the cement industry presents an immense opportunity for AVG to diversify its portfolio and enhance its market position.
With extensive experience managing complex logistics networks, AVG plans to deliver customized solutions to optimize the cement supply chain, from raw material transport to finished product delivery. This collaboration reflects AVG’s commitment to fostering strong customer relationships, improving operational efficiency, and driving sustainable growth.
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Share Performance
Currently, the shares of AVG Logistics Ltd are trading at around Rs 418.40 per share on the BSE. The current market capitalization stands at Rs 571 crore. The company’s shares have delivered around 20 per cent return in the past year.
Financial Performance
As per the Quarterly Results in September 2024, AVG Logistics Ltd reported a revenue of Rs 138.44 crore compared to Rs 117.43 crore. The company posted an operating profit of Rs 23.26 crore with a margin of around 16.80 per cent compared to Rs 20.85 crore with a margin of around 17.76 per cent. The company reported a net profit of around Rs 5.35 crore compared to Rs 2.92 crore, representing a growth of around 84 per cent YoY.
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Disclaimer: The article is for informational purposes only and not investment advice.