Aegis Vopak Terminals Limited (AVTL) reported a 26.2% increase in revenue from operations in Q2 FY’26, reaching INR 187.6 crores. The company is expanding its storage footprint, enhancing throughput efficiency, and diversifying into new products and regions. New LPG terminals at Pipavav and Mangalore are fully operational. AVTL also proposes acquiring a 75% stake in Hindustan Aegis LPG Limited, marking entry into the East Coast market.
Financial Performance
Aegis Vopak Terminals Limited (AVTL) showcased strong financial results for Q2 FY’26:
- Revenue from operations increased by 26.2% year-on-year to INR 187.6 crores.
- Liquid terminalling revenue reached INR 106 crore, a 28.3% increase year-on-year.
- Gas terminalling division revenue reached INR 81.5 crore, a 23.7% increase year-on-year.
- Operating EBITDA increased by 25.8% to INR 137.4 crores.
- Profit growth was 141.8% year-on-year, clocking in at Rs. 53.9 crores.
Strategic Expansion and Key Developments
AVTL is actively pursuing strategic expansions across multiple ports:
- Haldia Port: Integration with Hindustan Aegis HALPG will add to its network. Additional land has been allotted for future expansion.
- JNPA Port: Expansion program is underway with an investment of Rs. 1,675 crores. A new liquid terminal is expected to be commissioned before the end of the financial year.
- Kandla Port: KGPL and JLPL pipelines are expected to become operational soon. VLGC berthing will commence in Q3 FY’26. A new liquid terminal with 94,148 cubic meters of storage is under development. A non-binding MoU was signed with Larsen & Toubro for setting up Ammonia Terminals.
- Kochi Port: Planning to add another 60,000 cubic meters of capacity.
- Pipavav Port: Total LPG capacity stands at 70,800 metric tons. Construction of India’s first independent Ammonia Terminal is underway.
- Mangalore Port: The 82,000 metric ton cryogenic LPG terminal was commissioned in June. Plans to add another 60,000 cubic meters of liquid capacity.
- A non-binding memorandum of understanding was signed to invest in the Vadhavan Port for around Rs. 20,000 crores.
Financial Outlook
AVTL maintains a disciplined approach to capital deployment, aiming for a cumulative capital expenditure of USD 1.2 billion by next year and targeting an aggregate CAPEX of around USD 5 billion by 2030.
Source: BSE
