Integrated Filing — IndAS



General information about company
Scrip Code 543910
NSE Symbol AVG
MSEI Symbol NOTLISTED
ISIN INE680Z01018
Name of company AVG Logistics Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Logistics Solutions
Start date and time of board meeting 30-May-2025   16:30:00
End date and time of board meeting 30-May-2025   21:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-30
Indicate Company website link for updated RPT policy of the Company https://avglogistics.com//upload/document/document_2125338623.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no Default in loan as on Balance sheet date



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1474386000 5508139000
Other income 2005000 28419000
Total income 1476391000 5536558000
2 Expenses
(a) Cost of materials consumed 1066617000 3930780000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 62391000 226368000
(e) Finance costs 60003000 258116000
(f) Depreciation, depletion and amortisation expense 101833000 431678000
(f) Other Expenses
1 Other Expenses 109439000 398302000
Total other expenses 109439000 398302000
Total expenses 1400283000 5245244000
3 Total profit before exceptional items and tax 76108000 291314000
4 Exceptional items 0 0
5 Total profit before tax 76108000 291314000
6 Tax expense
7 Current tax 9292000 60336000
8 Deferred tax 14180000 18227000
9 Total tax expenses 23472000 78563000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 52636000 212751000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 52636000 212751000
17 Other comprehensive income net of taxes -537000 -514000
18 Total Comprehensive Income for the period 52099000 212237000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 150577000 150577000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2317330000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.7 14.97
Diluted earnings (loss) per share from continuing operations 3.7 14.97
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.7 14.97
Diluted earnings (loss) per share from continuing and discontinued operations 3.7 14.97
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1818813000
Capital work-in-progress 80970000
Investment property 300579000
Goodwill 0
Other intangible assets 12636000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 113556000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 123547000
Total non-current financial assets 237103000
Deferred tax assets (net)
Other non-current assets 40916000
Total non-current assets 2491017000
2 Current assets
Inventories 4123000
Current financial asset
Current investments 0
Trade receivables, current 2038590000
Cash and cash equivalents 11889000
Bank balance other than cash and cash equivalents 72083000
Loans, current 6947000
Other current financial assets 76295000
Total current financial assets 2205804000
Current tax assets (net) 4831000
Other current assets 249975000
Total current assets 2464733000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4955750000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 150577000
Other equity 2317330000
Total equity attributable to owners of parent 2467907000
Non controlling interest
Total equity 2467907000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 304484000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 9355000
Total non-current financial liabilities 313839000
Provisions, non-current 15883000
Deferred tax liabilities (net) 8549000
Deferred government grants, Non-current
Other non-current liabilities 753725000
Total non-current liabilities 1091996000
Current liabilities
Current financial liabilities
Borrowings, current 741072000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1425000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 172123000
Total Trade payable 173548000
Other current financial liabilities 62032000
Total current financial liabilities 976652000
Other current liabilities 415360000
Provisions, current 3835000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1395847000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2487843000
Total equity and liabilites 4955750000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 710000 687000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -173000 -173000
5 Total Other comprehensive income -537000 -514000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 291314000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 226544000
Adjustments for decrease (increase) in inventories 117000
Adjustments for decrease (increase) in trade receivables, current -441859000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -64067000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -6361000
Adjustments for other financial assets, current -15397000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 35826000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 10903000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 431678000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 34653000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -6932000
Adjustments for other financial liabilities, non-current -1821000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 12241000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -6666000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 184377000
Net cash flows from (used in) operations 475691000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 63663000
Other inflows (outflows) of cash -32484000
Net cash flows from (used in) operating activities 379544000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 4943000
Proceeds from sales of property, plant and equipment 21171000
Purchase of property, plant and equipment 356324000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 6306000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1769000
Net cash flows from (used in) investing activities -335559000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 262668000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 301700000
Repayments of borrowings 145042000
Payments of lease liabilities 351081000
Dividends paid 7915000
Interest paid 104864000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -44534000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -549000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -549000
Cash and cash equivalents cash flow statement at beginning of period 12444000
Cash and cash equivalents cash flow statement at end of period 11895000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M S K A & Associates Yes 31-Jul-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 07-Jan-2025
Amount Raised 3255525000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review The Audit Committee has reviewed the utilisation of funds and satisfied itself with the utilisation in accordance with the objects for utilisation
Comments of the auditors, if any None
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Acquisition of Warehouse None 0 0 0 0
2 Working Capital requirement None 0 0 1667661700000 0
3 Other Corporate Purposes None 0 0 1587863300000 0


Signatory Details
Name of signatory Sanjay Gupta
Designation of person Managing Director
Place Delhi
Date 30-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 AVG Logistics Limited Sanjay Gupta Key Mangagerial Personnel Remuneration 7800000 Approved as applicable 3900000 0 27000
2 AVG Logistics Limited Asha Gupta Key Mangagerial Personnel Remuneration 6000000 Approved as applicable 3000000 2000 57000
3 AVG Logistics Limited Vinayak Gupta Relative of Director or KMP Remuneration 4800000 Approved as applicable 2400000 53000 44000
4 AVG Logistics Limited Mukesh Nagar Key Mangagerial Personnel Remuneration 1380000 Approved as applicable 690000 230000 254000
5 AVG Logistics Limited Himanshu Sharma Key Mangagerial Personnel Remuneration 5280000 Approved as applicable 2640000 234000 468000
6 AVG Logistics Limited Pawan Kant Director Remuneration 300000 Approved as applicable 150000 539000 474000
7 AVG Logistics Limited Susheel Kumar Tyagi Director Remuneration 450000 Approved as applicable 225000 1070000 972000
8 AVG Logistics Limited Shyam Sunder Soni Director Remuneration 175000 Approved as applicable 75000 45000 68000
9 AVG Logistics Limited Ankit Jain Director Remuneration 50000 Approved as applicable 0 23000 0
10 AVG Logistics Limited Apurva Chamaria Director Remuneration 125000 Approved as applicable 50000 45000 45000
11 AVG Logistics Limited Yellowing Delivery Services Pvt Ltd Enterprises relative of directors are director Advance 10000000 Approved as applicable 7958000 0 4186000
12 AVG Logistics Limited Anjali Gupta Relative of Director or KMP Remuneration 1500000 Approved as applicable 750000 4000 97000
13 AVG Logistics Limited Galaxy Packers and Mover Pvt Ltd Enterprises over which the Director exercise significant influence and/or control Loan 50000000 Approved as applicable 1948000 8445000 6947000
14 AVG Logistics Limited Kaizen Logistics any body corporate whose Board of Directors, managing director or manager is accustomed to act in accordance with the advice, directions or instructions of a director or manager Purchase of goods or services 10000000 Approved as applicable 2766000 0 0
15 AVG Logistics Limited Kaizen Logistics any body corporate whose Board of Directors, managing director or manager is accustomed to act in accordance with the advice, directions or instructions of a director or manager Sale of goods or services 10000000 Approved as applicable 7885000 0 1528000
16 AVG Logistics Limited Kaizen Logistics any body corporate whose Board of Directors, managing director or manager is accustomed to act in accordance with the advice, directions or instructions of a director or manager Investment 0 Approved as applicable 4944000 0 4944000
17 AVG Logistics Limited MA Enterprises Enterprises over which the Director exercise significant influence and/or control Purchase of goods or services 100000 Approved as applicable 0 0 29000
18 AVG Logistics Limited PCG Logistics Pvt Ltd Enterprises over which the Director exercise significant influence and/or control Purchase of goods or services 100000 Approved as applicable 0 0 18000
Total value of transaction during the reporting period 39381000