Aegis Logistics Limited , a leading player in India's oil, gas, and chemical logistics sector, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated revenue surged by 31% year-on-year to INR 2,294.00 crores, up from INR 1,750.00 crores in the same quarter last year. This growth was accompanied by a substantial improvement in profitability:

• Normalized EBITDA increased by 46% to INR 347.00 crores from INR 237.00 crores
• Profit after tax (PAT) rose by 61% to INR 244.00 crores from INR 152.00 crores

Operational Performance

Aegis Logistics achieved record LPG volumes during the quarter:

• Total LPG throughput volume reached 1.41 million tonnes, a 32% increase from 1.06 million tonnes in Q2 FY25
• Distribution volumes grew by 49% to 1.92 lakh metric tonnes
• Sourcing sales volume increased by 7% to 2.08 lakh metric tonnes

Strategic Developments and Expansion

The company is actively pursuing several major expansion projects:

1. JNPT Expansion: A INR 1,675.00 crores CAPEX project at Jawaharlal Nehru Port Trust (JNPT) is underway, which includes:

   • 318,100 cubic meters of additional liquid capacity
   • 77,286 metric tons of LPG capacity
   • An LPG bottling plant with approximately 35,000 metric tons per annum capacity

2. Pipavav Ammonia Terminal: India's first ammonia terminal with a 36,000 metric tonne capacity is being developed at Pipavav, expected to be operational in Q1 of the next fiscal year.

3. Vadhavan Port: Aegis has signed a non-binding memorandum of understanding for a potential INR 20,000.00 crores investment in the proposed Vadhavan Port.

4. Mangalore Facilities: The company is working on enhancing its presence in Mangalore, including the addition of a rail gantry for improved logistics efficiency.

5. Pipeline Connectivity: Aegis is in the process of connecting to several key pipelines, including KGPL (Kandla-Gorakhpur Pipeline) and JLPL (Jamnagar-Loni Pipeline), which are expected to boost throughput volumes significantly.

Management Commentary

Raj Chandaria, Executive Chairman & Managing Director, commented on the results: "We are pleased to share that Aegis Logistics continues its strong growth momentum, driven by both volume expansion and operational efficiencies across our key business segments."

Murad Moledina, Chief Financial Officer, added: "We are confident and bullish on distribution margins as well as volumes to continue. We work towards a 30% CAGR growth as far as distribution volumes are concerned."

Future Outlook

The management expects to exceed their previously guided 25% CAGR growth target from 2022 to 2027. The company's ongoing expansion projects, coupled with strategic investments in new ports and terminals, position Aegis Logistics for sustained growth in the coming years.

Aegis Logistics remains committed to its long-term strategy of building world-class infrastructure across India's key ports while maintaining operational excellence and strong financial discipline. The company's integrated value chain, backed by a robust balance sheet, positions it well for sustainable growth and long-term shareholder value creation.

Aegis Logistics , a key player in the Indian logistics sector, has provided an optimistic update on its growth trajectory during a recent conference call. The company has revised its growth expectations upwards, signaling confidence in its business model and market conditions.

Revised Growth Projections

Aegis Logistics has announced that it now expects to surpass its previously communicated guidance of a 25% Compound Annual Growth Rate (CAGR) for the period 2022-2027. This upward revision suggests a more robust growth outlook for the company over the next few years.

Distribution Volume and Margin Expectations

The management has provided specific targets for its distribution business:

The company expects to maintain a 30% CAGR in distribution volumes, indicating a strong focus on expanding its market presence. Additionally, Aegis Logistics anticipates that distribution margins of approximately INR 4,000 per ton will be sustainable as volumes increase.

LPG Volume Guidance

While the company has been forthcoming with its distribution business projections, it has taken a more cautious approach regarding Liquefied Petroleum Gas (LPG) volumes. Management declined to provide specific LPG volume guidance, citing the dependence on multiple factors that could influence these figures.

Implications for Investors

This updated guidance from Aegis Logistics paints a picture of a company poised for strong growth in its distribution business. The combination of high volume growth expectations and stable margin projections suggests that the company is confident in its ability to expand while maintaining profitability.

However, investors should note the lack of specific guidance on LPG volumes, which may indicate some uncertainty or variability in this segment of the business. This cautious approach to LPG volume projections underscores the complex nature of the market and the various factors that can impact this aspect of Aegis Logistics' operations.

As always, investors are advised to consider this information as part of a broader analysis of the company's financials, market position, and industry trends before making investment decisions.