Aegis Logistics , a leading provider of logistics and distribution services for liquid and gas products in India, has reported a strong start to the fiscal year with an 11% increase in Profit After Tax (PAT) for the first quarter.

Financial Highlights

The company's PAT rose to Rs. 175.00 crores in Q1, compared to Rs. 158.00 crores in the same quarter last year. Normalized EBITDA stood at Rs. 256.00 crores, up 2% year-on-year.

Segment Performance

LPG Business

• EBITDA grew 6% to Rs. 150.00 crores
• Revenue increased 8% to Rs. 1,575.00 crores
• LPG volume handled at terminals rose 15% to 1.16 million tons

Liquid Segment

• Delivered stable EBITDA of Rs. 106.00 crores
• Revenue of Rs. 144.00 crores

Capacity Expansion

Aegis Logistics has significantly expanded its terminal capacity across multiple ports:

• Mangalore: Added 82,000 metric tons of LPG storage capacity
• Pipavav: Increased LPG storage capacity by 48,000 metric tons

Strategic Developments

• Aegis continues to hold 44.71% equity in subsidiary AVTL, which was successfully listed
• Announced expansion projects including:
  • Rs. 1,675.00 crores investment at JNPT port
  • Rs. 250.00 crores liquid capacity expansion at Mumbai port
• Management expects to reach US$ 5 billion aggregate capital expenditure by 2030

ESG and Partnerships

• ESG rating upgraded from A to AA by MSCI
• Signed a cross-selling fuel agreement with Jio BP

Raj Chandaria, Chairman & Managing Director of Aegis Logistics, commented on the results during the company's earnings call, stating, "The financial performance for the whole year has been outstanding with Profit after Tax for the group increasing to Rs. 787.00 crore versus Rs. 672.00 crore in the previous year, a rise of 17.11% and resulting in Earnings per Share of Rs. 18.90."

Chandaria also emphasized the company's focus on sustainability, saying, "Our business strategy is consistent with this mission and we have, along with our JV partners, embarked on a large scale growth programme to build world class terminalling and distribution facilities for liquids and gases all over India incorporating the highest environmental and safety standards."

With its strong financial position, ongoing capacity expansions, and strategic partnerships, Aegis Logistics appears well-positioned for continued growth in the Indian logistics and distribution sector.

Aegis Logistics Limited , a leading player in India's oil, gas, and chemical logistics sector, has reported a mixed set of financial results for the first quarter. The company saw an increase in revenue but faced pressure on its profitability margins.

Revenue Growth

Aegis Logistics reported a consolidated revenue of Rs 171,941.00 lakh for Q1, up from Rs 160,134.00 lakh in the same quarter of the previous year, marking a 7.37% year-on-year growth. This increase in revenue indicates the company's ability to expand its business operations despite challenging market conditions.

Profit Remains Stable

The company's consolidated net profit for Q1 stood at Rs 17,536.00 lakh, showing a marginal increase from Rs 15,806.00 lakh in the corresponding quarter of the previous year. This represents a modest growth of about 10.94% in net profit.

EBITDA and Margin Pressure

Aegis Logistics experienced some pressure on its profitability margins during the quarter. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined to Rs 22,000.00 lakh from Rs 23,000.00 lakh in the same period last year. Consequently, the EBITDA margin compressed to 12.80% from 14.51% year-over-year, indicating increased operational costs or pricing pressures in the market.

Segment Performance

The company's financial results reveal a diverse performance across its business segments:

1. Liquid Terminal Division: This segment reported revenue of Rs 14,393.00 lakh, showing modest growth from Rs 14,274.00 lakh in the same quarter last year.

2. Gas Terminal Division: The division emerged as the primary revenue driver, generating Rs 157,548.00 lakh, up from Rs 145,860.00 lakh in Q1 of the previous fiscal year.

Other Financial Highlights

• Other income for the quarter increased to Rs 6,253.00 lakh from Rs 4,353.00 lakh in the corresponding quarter of the previous year.
• The company's finance costs saw a slight increase to Rs 3,283.00 lakh from Rs 3,134.00 lakh year-over-year.
• Earnings per share (EPS) for the quarter stood at Rs 3.74, compared to Rs 3.75 in the same period last year.

Dividend Announcement

Aegis Logistics declared an interim dividend of 200%, amounting to Rs 2.00 per share (face value Rs 1.00 each). The record date for this dividend was set as June 25.

Conclusion

Aegis Logistics' Q1 results present a picture of revenue growth coupled with margin pressures. While the company has successfully increased its top line, the challenge ahead lies in improving operational efficiency to boost profitability. The management's focus on both the liquid and gas terminal divisions, along with the shareholder-friendly dividend policy, indicates a balanced approach to growth and stakeholder returns.