Aegis Logistics (AEGISLOG) Q2 26/27 earnings summary

Executive summary

• H1 FY2027 revenue was ₹4,570 crore, normalized segment EBITDA ₹1,184 crore and PAT ₹866 crore; PAT more than doubled YoY.

• Signed an Oct. 13, 2026 agreement to acquire 89.8% of Tristar Holdings for $809 million; closing is expected in Q4 FY2027, subject to approvals and customary conditions.

• Standalone Q2 earnings included a ₹19,852 lakh gain from the Pipavav ammonia-terminal slump sale.

Financial highlights

• Consolidated Q2 revenue was ₹221,334 lakh vs ₹229,401 lakh YoY; normalized segment EBITDA rose 32% to ₹456 crore and PAT rose 32% to ₹321 crore.

• Consolidated H1 revenue was ₹457,020 lakh vs ₹401,342 lakh; normalized segment EBITDA rose 97% to ₹1,184 crore and PAT to ₹86,534 lakh from ₹41,938 lakh.

• Standalone Q2 revenue was ₹167,930 lakh and PAT ₹33,964 lakh; H1 revenue was ₹274,803 lakh and PAT ₹73,379 lakh.

• Consolidated Q2 PBT was ₹42,027 lakh vs ₹31,020 lakh; H1 PBT was ₹113,955 lakh vs ₹53,810 lakh.

Outlook and guidance

• Management expects H2 to be as good as or better than H1; distribution volumes are on pace toward 1 million MT for FY2027 at the H1 run rate.

• Liquid division EBITDA realization could reach ₹3,000 per CBM this year, supported by higher-realization locations and capacity additions.

• Ammonia take-or-pay revenues are expected to begin later in FY2027; the 36,000 MT Pipavav terminal can support sourcing, storage and distribution.