Aegis Logistics Q3 PAT surges 46% to ₹232.63 crore

Aegis Logistics on January 30th, announced a consolidated Profit After Tax (PAT) for Q3 of ₹232.63 crore, marking a 46% year-over-year increase from the ₹159.52 crore reported in the same period last year.

While revenue growth remained steady with 1.08% YoY in revenue from operations reaching ₹172,5.4 crore and a 2.21% growth in total income to ₹180,6.1 crore, the company's profitability metrics stole the show.

Consolidated Profit Before Tax (PBT) increased by 46.68% to ₹299.38 crore, and the calculated consolidated EBITDA rose a healthy 27.21% to ₹3250.5 crore.

According to the Investor Presentation, the company's financial position has been strengthened by the ₹2,800 crore generated from the Aegis Vopak Terminals (AVTL) listing. This capital was strategically deployed to completely settle all of AVTL's bank borrowings, thereby leaning out the balance sheet.

Beyond debt repayment, the capital was deployed toward the acquisition of the cryogenic LPG terminal at Mangalore and general corporate purposes, positioning the group for a higher interest-coverage ratio and improved margins moving forward.

Aegis has successfully concluded its capital expenditure cycle to date and is now focused on rapidly expanding its operational footprint across India’s major ports to solidify its leadership in both the liquid and LPG storage markets, reports Investor Presentation.

The full commissioning of the 101,900 KL terminal at JNPT, establishing a dominant presence in Mumbai’s second major port for liquids. For LPG, expansions are complete in Kandla, Mangalore, and Kochi, with crucial pipeline connectivity now secured for the Pipavav and Kandla terminals.

Positioning itself for future growth, Aegis has already broken ground on a 36,000 MT ammonia storage terminal at Pipavav and has successfully secured new land allotments in key locations like Kandla, JNPA, and Mangalore, to power its next phase of development.