Aegis Logistics reported strong Q2 FY26 results, driven by volume expansion and operational efficiencies. Revenue increased by 31% year-over-year to INR 2,294 crores. Normalized EBITDA rose by 46% to INR 347 crores, and profit after tax grew by 61% to INR 244 crores. The company is progressing with expansion projects across multiple ports and remains committed to long-term growth.
Financial Performance Highlights
Aegis Logistics demonstrated robust financial performance in Q2 FY26:
- Revenue from operations increased by 31% year-over-year to INR 2,294 crores.
- Normalized EBITDA increased by 46% year-over-year to INR 347 crores.
- Profit after tax increased by 61% to INR 244 crores.
For the first half of the financial year (H1 FY26):
- Revenue from operations stood at INR 4,013 crores, a 20% year-over-year increase.
- Normalized EBITDA reached INR 602 crores, a 24% year-over-year increase.
- Profit after tax increased by 35% to INR 419 crores.
Segment Performance
Both the Liquid and LPG segments showed strong growth:
- Liquid revenue in Q2 FY26 was INR 155 crores, up 19% year-over-year.
- Liquid division EBITDA in Q2 FY26 was INR 116 crores, up 25% year-over-year.
- LPG business revenue grew by 32% to INR 2,139 crores.
- Gas EBITDA increased sharply by 60% to INR 231 crores, driven by record volumes.
Operational Updates and Expansion Projects
Aegis Logistics is actively expanding its infrastructure across key ports:
- Mumbai Port: Developing an additional 64,000 kiloliters of liquid capacity, expected to be operational by Q1 FY27.
- JNPT: Expanding liquid capacity by 318,100 cubic meters and LPG capacity by 77,286 metric tons; planning a bottling plant with 35,000 metric tons per annum capacity. Part of the liquid capacity is expected to be commissioned before the end of FY26.
- Kandla Port: VLGC berthing is expected to commence in Q3 FY26. A new liquid terminal with a capacity of 94,148 cubic meters is planned.
- Pipavav Port: Construction of India’s first ammonia terminal, with a capacity of 36,000 metric tonnes, is progressing well and is expected to be completed during Q1 of the next fiscal year.
- Mangalore Port: Plans to add another 60,000 cubic meters of liquid capacity.
Strategic Outlook
Aegis Logistics and Aegis Vopak Terminals together have achieved a capital expenditure outlay of $1.2 billion, aiming to reach $5 billion by 2030. The company continues to explore expansion opportunities at new ports, including a proposed investment in the Vadhavan Port with a potential project outlay of approximately INR 20,000 crores.
Source: BSE
