Aegis Vopak Terminals Limited reported a 52.1% increase in net profit to INR341.9 crores for the financial year ended March 31, 2026, driven by improved operating leverage and new capacity additions. Revenue from operations grew 17% year-on-year to INR923.1 crores, supported by a 19.4% rise in operating EBITDA to INR686.5 crores. The Board has recommended a final dividend of INR0.2 per share for the fiscal year. The company disclosed these figures in the transcript of its earnings conference call held on June 9, 2026.

Operational and Financial Performance

For the fourth quarter of FY26, revenue from operations increased 22.2% year-on-year to INR243.5 crores. Liquid terminaling revenue rose 31% to INR121.1 crores, while gas terminaling revenue grew 14.6% to INR122.4 crores. Quarterly gas throughput reached 1 million metric tons. Q4 operating EBITDA grew 24.2% to INR179.2 crores, and net profit increased 15.3% to INR73.9 crores.

Expansion and Capex Plans

The company is executing a capital expenditure plan under Project GATI, with aggregate capex expected to reach approximately USD1.2 billion by the end of the next year. Management outlined a planned capex pipeline of roughly USD5 billion by 2030 to support traditional energy demand and emerging energy transition value chains. Funding will combine internal accruals with debt, targeting a gearing ratio of approximately 0.6x.

Key developments include the acquisition of a 75% stake in Hindustan Aegis LPG Limited, adding 25,000 metric tons of LPG storage capacity at Haldia. At JNPT, the company is adding approximately 318,100 cubic meters of liquid storage and 77,236 metric tons of LPG capacity, with the first phase of new liquid capacity expected to be operational in Q1 FY27. The total capex for the JNPT program is approximately INR1,675 crores.

Strategic Initiatives

Aegis Vopak commissioned cryogenic LPG terminals at Pipavav and Mangalore in June 2025, adding 48,000 metric tons and 82,000 metric tons of capacity respectively. The company is also developing India's first independent ammonia terminal at Pipavav with 36,000 metric tons static capacity, backed by a 15-year take-or-pay agreement with Hindustan Zinc. ITOCHU Corporation acquired a 10% stake in the ammonia subsidiary, with plans to increase this to 25% over three years.

The company raised INR660 crores through Series 1 non-convertible debentures and INR1,030 crores through Series 2 NCDs during the year to strengthen its balance sheet. The transcript was submitted to the National Stock Exchange of India Limited and BSE Limited by Priyanka Vaidya, Company Secretary and Compliance Officer.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0INX01018/0e41b726b98c471d.pdf

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.