Aegis Logistics Limited reported a strong performance for Q4 and FY’26, with revenues growing 23% YoY to INR8,333 crores and normalized EBITDA up 36% to INR1,599 crores. Profit after tax surged 41% to INR1,107 crores. The company highlighted significant operational expansions and strategic developments across its various port facilities, including new liquid and LPG storage capacities and pipeline network enhancements. Future capex plans remain robust, with a significant pipeline through 2030.
Aegis Logistics Reports Strong Q4 and FY’26 Performance
Aegis Logistics Limited has announced robust financial results for the fourth quarter and full fiscal year 2025-2026. The company achieved a significant year-on-year growth, underscoring its operational strength and strategic expansion initiatives.
Key Financial Highlights (FY’26)
- Revenue from operations grew by 23% year-on-year to INR8,333 crores.
- Normalized EBITDA saw a substantial increase of 36%, reaching INR1,599 crores.
- Profit after tax surged by 41% to INR1,107 crores, crossing the INR1,000 crore milestone for the first time.
- The fourth quarter (Q4 FY’26) was particularly strong, with revenue up 52% and normalized EBITDA up 54% year-on-year.
Operational Updates and Expansion Projects
The company provided comprehensive updates on its port operations, highlighting major developments across its network:
- Mumbai: Continues to operate at high utilization. Development of an additional 64,000 kilolitres of liquid storage is progressing on schedule for H1 FY’27.
- JNPT: Undergoing a major expansion including 318,100 cubic meters of liquid storage, 77,236 metric tons of LPG capacity, and an LPG bottling plant. First phase expected in H1 FY’27. Evaluating a cryogenic gas tank expansion.
- Haldia: Completed acquisition of a 75% stake in Hindustan Aegis LPG Limited, adding 25,000 metric tons of LPG storage and marking entry into the East Coast market. Operates 226,890 cubic meters of liquid storage.
- Kandla: Saw several milestones, including handling a VLGC vessel and completion of the Jamnagar-Loni LPG pipeline. The Kandla-Gorakhpur LPG pipeline is expected in H1 FY’27. Construction of CRL 4 liquid terminal adding 94,148 cubic meters targeted for next year.
- Pipavav: Commissioned a 48,000 metric ton cryogenic LPG terminal in June 2025. A new VLGC-compliant Jetty and KGPL pipeline connection are expected. Developing India’s first independent ammonia terminal (36,000 metric ton capacity).
- Mangalore: Commissioned an 82,000 metric ton cryogenic LPG terminal in June 2025.
- Vadhavan Port: Signed an MoU for potential participation in a world-class liquid and gas handling infrastructure development with an investment of approximately INR20,000 crores.
Segment Performance
Both the LPG and Liquid businesses demonstrated strong performance:
- LPG Business: Recorded its highest ever revenue of INR7,689 crores (up 26% YoY), with EBITDA growing 68%. LPG terminal throughput increased by 14%, and distribution volumes surged by 45%.
- Liquid Business: Delivered revenue of INR644 crores, stable year-on-year. EBITDA was INR472 crores, with normalized operations and no major take-or-pay clauses.
Capital Allocation and Future Outlook
Aegis Logistics maintains a strong balance sheet with cash and investments of approximately INR6,000 crores. The company has a robust capex pipeline, with cumulative capex expected to reach approximately $1.2 billion by March ’27, and plans for further investments of INR5,000 crores by March ’28. The total capex pipeline is set at approximately $5 billion through 2030, focusing on both traditional energy infrastructure and emerging energy transition value chains.
The company expressed confidence in sustaining its growth momentum and conservative management philosophy, aiming to under-promise and overdeliver. Projections indicate continued strong performance driven by volume growth and operational efficiencies.
Source: BSE
