Logistics Stock Hits New 52-Week High After Declaring Robust Q4, Re 1 Dividend

• AVG Logistics, a small cap stock operating in Logistics sector, traded new 52-week high on Tuesday after the company reported robust Q4 results
• The company declared Re 1 dividend
• The company’s revenue from operations increased by 20.5% YoY to Rs 1,039.4 crore in Q4FY22
• The company’s net profit increased by 23.7% YoY to Rs 47.7 crore in Q4FY22
• The company’s EBITDA increased by 24.5% YoY to Rs 82.6 crore in Q4FY22
• The company’s EBITDA margin improved by 30 bps YoY to 7.9% in Q4FY22
• The company’s board recommended a dividend of Re 1 per equity share of face value of Rs 10 each for the financial year ended March 31, 2022
• The company’s stock price rose by over 5% on Tuesday after the announcement of the results

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