AVG Logistics CFO Himanshu Sharma Steps Down for Overseas Opportunity

AVG Logistics Limited, a key player in the logistics sector, announced a significant change in its top management. Himanshu Sharma, the company's Chief Financial Officer (CFO), has tendered his resignation, citing an overseas growth opportunity as the reason for his departure.

Key Details of the Resignation

Aspect	Information
Resigning Executive	Himanshu Sharma
Position	Chief Financial Officer
Company	AVG Logistics Limited
Effective Date	November 21, 2025
Reason for Departure	Overseas growth opportunity

Impact on AVG Logistics

The resignation of Himanshu Sharma marks a notable shift in AVG Logistics' senior management structure. As the CFO, Sharma played a crucial role in overseeing the company's financial operations and strategy. His departure creates a vacancy in a key leadership position, prompting the need for the company to initiate a search for a suitable replacement.

Company's Response

AVG Logistics Limited has formally notified both the National Stock Exchange of India Limited and BSE Limited about this development. The company's Managing Director, Sanjay Gupta, signed the official intimation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Looking Ahead

As AVG Logistics navigates this transition, the company will likely focus on ensuring a smooth handover of financial responsibilities and maintaining stability in its financial operations. The search for a new CFO will be a priority for the company to maintain continuity in its financial leadership and strategic planning.

This development comes at a time when many Indian professionals are exploring global opportunities, reflecting the increasing internationalization of career paths in the financial sector. For AVG Logistics, the challenge will be to find a CFO who can continue to drive the company's financial strategy and growth in the competitive logistics industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.87%	-4.43%	-10.37%	-36.75%	-50.12%	+12.54%

AVG Logistics Limited , a leading multimodal logistics solutions provider, has announced its financial results for the first half of fiscal year 2026 (H1 FY26), demonstrating resilient performance amidst a competitive environment.

Financial Highlights

Revenue from operations reached ₹268.05 crore in H1 FY26, up from ₹261.37 crore in H1 FY25, marking a 2.6% year-on-year growth.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹50.54 crore, compared to ₹48.04 crore in the same period last year, showing a 5.2% increase.
The company maintained a strong EBITDA margin of 18.85% in H1 FY26, slightly improving from 18.38% in H1 FY25.
Profit Before Tax (PBT) was reported at ₹13.57 crore, marginally lower than ₹13.68 crore in H1 FY25.

Operational Developments

AVG Logistics has made significant strides in expanding its operational capabilities:

Added 77 fleet vehicles to its network, with a capital expenditure of approximately ₹26 crore.
The company expects its liquid logistics business to commence operations from December 2025, with ISO tankers already reaching Indian ports.

Management Commentary

Sanjay Gupta, Managing Director of AVG Logistics Limited, commented on the company's performance: "During Q2 FY26, we continued to deliver a stable performance with revenue from operations rising to ₹143.03 crore, supported by consistent execution across our multimodal logistics network. Our focus on operational efficiency helped in maintaining healthy margins, with EBITDA of ₹26.26 crore."

Mr. Gupta further added, "As we progress into the second half of the year, we remain committed to continue growth potential by strengthening customer relationships, enhancing service capabilities, and deepening our presence across high-potential logistics corridors."

Future Outlook

AVG Logistics is positioning itself for future growth through strategic initiatives:

Expansion of multimodal logistics services, leveraging its rail and road network.
Focus on high-growth segments such as cold chain and liquid logistics.
Continued investment in fleet modernization and expansion.
Emphasis on technology adoption for improved operational efficiency.

The company's diverse portfolio, which includes road transportation, rail logistics, cold chain services, and warehousing, positions it well to capitalize on the growing demand for integrated logistics solutions in India.

As the Indian logistics sector continues to evolve, driven by government initiatives like the National Logistics Policy and infrastructure development projects, AVG Logistics appears well-positioned to leverage these opportunities for sustained growth.