Aegis Logistics reported strong Q3 FY’26 earnings, driven by expanded volumes and enhanced operating performance. Consolidated revenue stood at INR 1,725 crores, with normalized EBITDA rising 29% to INR 326 crores. Profit after tax grew sharply by 45% to INR 233 crores. The company continues infrastructure development across its port terminals and expects significant volume growth from the upcoming Jamnagar-Loni LPG Pipeline.
Financial Performance Highlights
Aegis Logistics reported revenue from operations reaching INR 5,739 crores for the nine months ended December 31, 2025, a 13% year-on-year growth. Normalized EBITDA for the same period stood at INR 929 crores, a robust 26% increase. Profit after tax rose by 39% to INR 652 crores.
In Q3 FY’26, consolidated revenues reached INR 1,725 crores. Normalized EBITDA showed a 29% increase, rising from INR 252 crores to INR 326 crores. Profit after tax grew by 45%, moving from INR 160 crores to INR 233 crores.
Segment Performance
Liquid revenue for the nine months reached INR 460 crores, a 13% increase. Liquid’s EBITDA stood at INR 346 crores, a 17% year-on-year growth. LPG business revenue rose 15% to INR 5,279 crores, and gas EBITDA grew by 31% to INR 582 crores, driven by record logistics and distribution volumes.
LPG volumes handled across terminals totaled 3.93 million tons, up 19%. Distribution volumes expanded by 35%, reaching 5.2 lakh metric tons.
Operational Updates and Expansion
The company’s liquid storage capacity at Mumbai port stands at 334,000 kiloliters, with an additional 64,000 kiloliters under development at a cost of INR 125 crores, expected to be commissioned in Q1 FY’27.
At JNPT port, the company is developing a 318,100 cubic meter capacity of new liquid capacity with 77,286 metric tons of LPG capacity. An LPG bottling plant with a capacity of 35,000 metric tons is under construction with the first phase expected to be commissioned in Q1 FY’27.
Work on the Jamnagar-Loni LPG Pipeline is nearing completion with the Kandla-Gorakhpur LPG pipeline connection expected by June 2026. The VLGC berth at Kandla became operational in Q3.
Future Outlook
Aegis Logistics expects to reach an aggregate capital expenditure outlay of USD 1.2 billion by next year and has laid out a long-term capex road map of USD 5 billion by 2030. The company remains committed to maintaining a conservative debt gearing ratio of 0.6x with an overall leverage capped at 3.5x EBITDA.
Source: BSE
