Aegis Vopak FY26 net profit rises 52% on revenue growth
Aegis Vopak Terminals Limited reported a 52.1% rise in FY26 net profit to ₹3,419.21M, driven by a 17% revenue increase to ₹9,230.78M and improved operational efficiency. The Board recommended a final dividend of ₹0.2 per share and re-appointed internal auditors.

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Aegis Vopak Terminals Limited reported a 52.1% increase in consolidated net profit to ₹3,419.21M for the financial year ended March 31, 2026, up from ₹2,248.41M in the previous year. The growth was driven by a 17% rise in revenue from operations to ₹9,230.78M and improved operational efficiency across its liquid and gas terminal divisions. The Board of Directors approved the audited financial results at a meeting held on May 28, 2026, and recommended a final dividend of ₹0.2 per share, subject to shareholder approval at the 13th Annual General Meeting.
Annual Financial Performance
For FY26, the company recorded an Operating EBITDA of ₹6,864.53M, with the margin expanding to 74.37% from 72.84% in FY25. Profit after tax for the year stood at ₹3,419.21M, yielding a PAT margin of 37.04%. The Return on Equity (RoE) for the year was 7.74%, while the Return on Capital Employed (RoCE) was 7.68%. M/s. CNK and Associates LLP, Statutory Auditors, issued an unmodified opinion on the standalone and consolidated financial statements.
Operational Metrics
Operational capacity and throughput showed significant growth. The Static Capacity for the Gas Terminal Division increased to 2,25,800 MT in FY26 from 95,800 MT in the prior year, following the acquisition of Hindustan Aegis (LPG) Limited and Aegis Terminal Pipavav Limited effective April 1, 2024. Throughput for the Gas Terminal Division rose to 39,50,918 MT. Capacity utilization for the Liquid Terminal Division was 74.17% for the full year.
Quarterly Performance and Capital Structure
In Q4FY26, revenue from operations reached ₹2,434.52M, with a net profit of ₹738.74M. The company maintained a strong balance sheet with a Net Debt to Operating EBITDA ratio of 2.64x and a Total Debt to Equity ratio of 0.48x at the end of the fiscal year. Capital expenditure for FY26 totaled ₹18,827.59M. The Board also re-appointed M/s. Natwarlal Vyapari & Co. LLP as Internal Auditors for the financial year 2026-27.
| Metric | FY26 | FY25 |
|---|---|---|
| Net Profit (₹ million): | 3,419.21 | 2,248.41 |
| Revenue from Operations (₹ million): | 9,230.78 | 7,892.12 |
| Operating EBITDA (₹ million): | 6,864.53 | 5,748.41 |
| PAT Margin (%): | 37.04% | 28.49% |
| Net Debt to Operating EBITDA (x): | 2.64 | 3.06 |
How will the recent acquisitions of Hindustan Aegis (LPG) Limited and Aegis Terminal Pipavav Limited contribute to revenue growth in FY27?
What are the company's capital allocation priorities for FY27 given the significant capital expenditure incurred in FY26?
Is the current Net Debt to Operating EBITDA ratio of 2.64x sustainable, and are there plans to further deleverage the balance sheet?

































