Aegis Logistics posts Rs 636 crore revenue & Rs 29 crore profit for Q1 FY21
August 3, 2020: Aegis Logistics posted consolidated revenue of Rs 636.40 crore and net profit of Rs 29.83 crore for the first quarter of fiscal 2020-21, 67.45 & 47.65 percent down from the same period last year.

August 3, 2020: The oil, gas and chemical logistics company Aegis Logistics posted consolidated revenue of Rs 636.40 crore and net profit of Rs 29.83 crore for the first quarter of fiscal 2020-21, 67.45 & 47.65 percent down from the same period last year.
The EBITDA decreased 33.19 percent to Rs 72.31 crore for the quarter from Rs. 108.23 crore in 2019.
The Covid-19 pandemic and the subsequent lockdown has severely affected the operations of the logistics company and resulted in a severe drop in revenue and profit. Despite this, the financial services firm Motilal Oswal today gave a buy rating for Aegis Logistics with target price Rs 250 upon the expectation that the company will witness a jump in gas throughput by one million metric tonnes per annum over the next two years.
NIIF invests ₹2250 crore for 22.5% share in DP World's Hindustan Ports
1 July 2022 11:16 AM GMTCMA CGM lowers freight rates to support French households
1 July 2022 10:30 AM GMTOver 250 jewellers switch from email to BVC's WhatsApp For Logistics...
1 July 2022 8:17 AM GMTDrewry says beginning of end for carriers' bull run
1 July 2022 7:00 AM GMTMSC signs UN Global Compact Sustainable Ocean Principles
30 Jun 2022 1:00 PM GMTMahindra Logistics to focus on skill enhancement of D&I candidates
30 Jun 2022 12:38 PM GMTXeneta Shipping Index zooms over 10% in June
30 Jun 2022 11:45 AM GMT