{"id":32469,"date":"2023-11-17T12:09:16","date_gmt":"2023-11-17T06:39:16","guid":{"rendered":"https:\/\/deccanexpress.co.in\/index.php\/2023\/11\/17\/avgs-h1-fy24-pat-growth-skyrockets-by-an-incredible-326-optimistic-about-growth-and-strategic-expansion\/"},"modified":"2023-11-17T12:09:16","modified_gmt":"2023-11-17T06:39:16","slug":"avgs-h1-fy24-pat-growth-skyrockets-by-an-incredible-326-optimistic-about-growth-and-strategic-expansion","status":"publish","type":"post","link":"https:\/\/deccanexpress.co.in\/index.php\/2023\/11\/17\/avgs-h1-fy24-pat-growth-skyrockets-by-an-incredible-326-optimistic-about-growth-and-strategic-expansion\/","title":{"rendered":"AVG\u2019s H1 FY24 PAT Growth Skyrockets By An Incredible 326% Optimistic About Growth And Strategic Expansion"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"1200\" height=\"900\" src=\"https:\/\/pnn.digital\/wp-content\/uploads\/2023\/11\/1-1-31.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/pnn.digital\/wp-content\/uploads\/2023\/11\/1-1-31.jpg 1200w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/11\/1-1-31-300x225.jpg 300w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/11\/1-1-31-1024x768.jpg 1024w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/11\/1-1-31-768x576.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/p>\n<p><strong>Mumbai (Maharashtra) [India], November 17<\/strong>: AVG Logistics Limited(BSE \u2013 543910),\u00a0is\u00a0one\u00a0of the market leaders in delivering integrated\u00a0logistics\u00a0solutions for road and rail cargo,\u00a0has<a><\/a> announced\u00a0its Unaudited Financial Results for the\u00a0H1\u00a0&amp; Q2\u00a0FY24.<\/p>\n<p>Consolidated\u00a0Key Financials at a Glance:<\/p>\n<p>H1 FY24:<\/p>\n<p>\u2022\u00a0Total Revenue\u00a0\u20b9218.73 Crore vs\u00a0\u20b9208.15 Crore in H1 FY23, YoY Growth of 5.09%<\/p>\n<p>\u2022\u00a0EBITDA\u00a0\u20b940.37 Crore vs\u00a0\u20b932.87 Crore in H1 FY23, YoY Growth of 22.83%<\/p>\n<p>\u2022\u00a0EBITDA Margin 18.46% vs 15.79% in H1 FY23, YoY Growth of 267 Bps<\/p>\n<p>\u2022\u00a0PAT\u00a0\u20b94.25 Crore vs\u00a0\u20b91.00 Crore in H1 FY23, YoY Growth of 326.07%<\/p>\n<p>\u2022\u00a0PAT Margin 1.94% vs 0.48% in H1 FY23, YoY Growth of 146 Bps<\/p>\n<p>\u2022\u00a0EPS\u00a0\u20b93.61 vs\u00a0\u20b90.85 in H1 FY23, YoY Growth of 324.71%<\/p>\n<p>Q2 FY24:<\/p>\n<p>\u2022\u00a0Total Revenue\u00a0\u20b9117.97 Crore vs\u00a0\u20b9111.04 Crore in Q2 FY23, YoY Growth of 6.25%<\/p>\n<p>\u2022\u00a0EBITDA\u00a0\u20b921.38 Crore vs\u00a0\u20b916.71 Crore in Q2 FY23, YoY Growth of 28.01%<\/p>\n<p>\u2022\u00a0EBITDA Margin 18.13% vs 15.04% in Q2 FY23, YoY Growth of\u00a0309\u00a0Bps<\/p>\n<p>\u2022\u00a0PAT\u00a0\u20b91.72\u00a0Crore vs\u00a0\u20b90.90\u00a0Crore in Q2 FY23, YoY Growth of\u00a090.72%<\/p>\n<p>\u2022\u00a0PAT Margin\u00a01.46% vs 0.81% in Q2 FY23, YoY Growth of\u00a0246\u00a0Bps<\/p>\n<p>\u2022\u00a0EPS\u00a0\u20b91.46\u00a0vs\u00a0\u20b90.77\u00a0in Q2 FY23, YoY Growth of\u00a089.61%<\/p>\n<p>Commenting on the performance,\u00a0Mr. Sanjay Gupta, Managing Director and CEO, mentioned,\u00a0\u201cOur performance in Q2 FY24 is a commendable achievement resonates with the success of our strategic initiatives and heightened operational efficiency. The promising financial figures stand as a testament to the robustness of our existing customer relationships, serving as a foundation for our continued success.<\/p>\n<p>In tandem with our ongoing commitment to excellence, we are actively engaged in discussions with potential new clients, seeking to expand our footprint and diversify our portfolio. The upward trajectory observed in the logistics industry in India injects a profound sense of optimism into our\u00a0endeavours. As we navigate these discussions and forge new partnerships, we anticipate playing a pivotal role in shaping the growth and success of the industry.<\/p>\n<p>Our dedication to staying ahead of the curve is reflected in our eagerness to capitalize on the expanding customer base within this thriving sector. With an eye on the future, we are poised to be at the forefront of the logistics industry\u2019s growth, leveraging our strengths and expertise to contribute significantly to its ongoing success.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 17: AVG Logistics Limited(BSE \u2013 543910),\u00a0is\u00a0one\u00a0of the market leaders in delivering integrated\u00a0logistics\u00a0solutions for road and rail cargo,\u00a0has announced\u00a0its Unaudited Financial Results for the\u00a0H1\u00a0&amp; Q2\u00a0FY24. Consolidated\u00a0Key Financials at a Glance: H1 FY24: \u2022\u00a0Total Revenue\u00a0\u20b9218.73 Crore vs\u00a0\u20b9208.15 Crore in H1 FY23, YoY Growth of 5.09% \u2022\u00a0EBITDA\u00a0\u20b940.37 Crore vs\u00a0\u20b932.87 Crore in H1 FY23, YoY [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sb_editor_width":"","footnotes":""},"categories":[18],"tags":[588,595],"class_list":["post-32469","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-pr","tag-press-release"],"relative_dates":{"created":"3 years ago","modified":"3 years ago"},"_links":{"self":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=32469"}],"version-history":[{"count":0,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32469\/revisions"}],"wp:attachment":[{"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=32469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=32469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deccanexpress.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=32469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}