Aegis Logistics Limited , a key player in India's liquid and gas terminal operations, has reported a robust financial performance for the fiscal year ended March 31, 2021, coupled with a generous dividend recommendation and ongoing efforts to engage with shareholders.

Financial Highlights

The company's Board of Directors has approved the audited financial results for FY2021, revealing significant growth in both standalone and consolidated profits. Here's a breakdown of the key financial metrics:

The substantial increase in profitability demonstrates the company's resilience and operational efficiency during a challenging year.

Dividend Announcement

In a move that will likely please shareholders, the Board has recommended a final dividend of 200%, equivalent to Rs. 2 per share. This recommendation underscores the company's strong financial position and commitment to returning value to its investors.

Corporate Actions and Capital Structure

Aegis Logistics has also taken steps to strengthen its equity base and employee engagement:

• The company allotted 11,333,333 equity shares to employees under its stock purchase plan.
• This allotment has increased the paid-up equity capital to Rs. 351 crore.

Operational Overview

Aegis Logistics operates through two main segments:

1. Liquid Terminal Division
2. Gas Terminal Division

These divisions form the core of the company's business model, providing essential services in the logistics and energy sectors.

Legal Challenges

It's worth noting that Aegis Logistics is currently facing a legal challenge:

• The National Green Tribunal has demanded Rs. 142 crore from the company for alleged air pollution.
• Aegis has filed an appeal against this demand in the Supreme Court, indicating its intention to contest the allegations.

Audit Opinion

In a positive sign for investors, the company's auditors have issued unmodified opinions on both the standalone and consolidated financial statements. This clean audit report suggests that the financial statements fairly represent the company's financial position and performance.

Shareholder Engagement Initiative

Aegis Logistics has launched a proactive campaign to engage with shareholders and prevent the transfer of unclaimed dividends to the Investor Education and Protection Fund (IEPF). The '100 Days Campaign - Saksham Niveshak' aims to:

• Update shareholders' KYC details
• Facilitate the claiming of unpaid/unclaimed dividends
• Educate investors about the importance of maintaining up-to-date records

Shareholders are urged to update their PAN, nomination preferences, contact details, and bank account information to ensure smooth dividend payments and avoid potential share transfers to the IEPF.

As Aegis Logistics continues to navigate the complexities of the energy logistics sector, its strong financial performance, shareholder-friendly policies, and proactive investor engagement initiatives position it as a company focused on sustainable growth and stakeholder value creation.

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.