Aegis Vopak Terminals Limited (AVTL) reports strong Q2 FY26 results driven by increased LPG throughput and strategic expansions. Key highlights include the acquisition of Hindustan Aegis LPG Ltd (HALPG), adding 25,000 MT of LPG capacity, and ongoing expansion projects at various ports. Revenue reached ₹1,876.3 Mn, with a PAT of ₹539.4 Mn, showcasing substantial growth.
Strategic Acquisition
Aegis Vopak is set to acquire a 75% stake in Hindustan Aegis LPG Ltd (HALPG), pending shareholder approval slated for October 29, 2025. This acquisition adds 25,000 MT of LPG capacity and provides access to the East Coast market via Haldia. Post-acquisition, HALPG will become a subsidiary of AVTL.
Q2 FY26 Financial Performance
The company reported strong financial results for Q2 FY26:
- Revenue from operations: ₹1,876.3 Mn (up 26% year-over-year)
- EBITDA: ₹1,374.5 Mn (up 26% year-over-year)
- PAT: ₹539.4 Mn (up 142% year-over-year)
The revenue share is split between Gas Terminalling (56.5%) and Liquid Terminalling (43.5%).
Operational Highlights
- Commissioned new LPG terminals at Pipavav (48,000 MT) and Mangalore (82,000 MT).
- ₹1,675 crore expansion at JNPA is underway, adding significant liquid and LPG capacity.
- India’s first independent ammonia terminal (36,000 MT) is under construction at Pipavav, expected completion by Q1 FY27.
- Additional 60,000 cbm liquid capacity is planned for Kochi and Mangalore.
- Capex is on track to reach USD 1.2 billion by FY27 and USD 5 billion by 2030.
Growth Strategy
Aegis Vopak aims to strategically expand its network, explore opportunities in new locations, establish industrial terminals, and invest in capabilities to address alternative energies.
Source: BSE
