Aegis Logistics (AEGISLOG) Q3 25/26 earnings summary

Executive summary

• Achieved record revenue and EBITDA in both liquids and gas divisions for Q3 and the nine months ended December 2025, driven by expanding volumes, enhanced operating performance, and strong logistics and distribution volumes.

• Major capacity expansions underway, including 61,000 KL at Mumbai Port and new ammonia terminal, with commissioning expected in Q1 FY27.

• Strategic partnerships and acquisitions, such as a 15-year take-or-pay contract at Pipavav and a 75% stake in Hindustan Aegis LPG Limited, strengthen market position.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on January 30, 2026.

• Both standalone and consolidated results were reviewed by the Audit Committee and limited review reports were issued by statutory auditors.

Financial highlights

• Nine months revenue from operations reached ₹5,739 crore, up 13% year-on-year; normalized EBITDA at ₹929 crore, up 26%; profit after tax rose 39% to ₹652 crore.

• Q3 FY26 revenue at ₹1,725 crore; normalized EBITDA up 29% to ₹326 crore; profit after tax up 46% to ₹233 crore.

• Standalone revenue for the quarter was ₹91,390 lakh, up from ₹67,212 lakh year-over-year; consolidated revenue for the quarter was ₹172,540 lakh, up from ₹170,699 lakh.

• Standalone profit after tax for the quarter was ₹18,335 lakh, up from ₹6,579 lakh; consolidated profit after tax attributable to owners was ₹17,683 lakh, up from ₹12,425 lakh.

• FY25 revenue was ₹6,764 crore, with normalized EBITDA of ₹1,173 crore (up 16%) and PAT of ₹788 crore (up 17%).

Outlook and guidance

• CapEx outlay expected to reach ₹10,000 crore ($1.2 billion) by FY 2027, with a long-term roadmap of ₹5 billion by 2030.

• First phase of new liquid capacity at JNPA and ammonia terminal expected to be commissioned in Q1 FY27.

• EBITDA from new assets expected at 25% of CapEx once matured; assets typically reach full utilization over 5-7 years.

• LPG import growth expected at 8-10% for the year, with robust demand outlook.

• The company continues to publish only consolidated financial results, with standalone results available on its website and stock exchanges.