Date: 28th May, 2026

Operational Metrics

Liquid Terminal Division

  • Static Operational Capacity: 1,673,773 CBM (consistent across all periods reported)
  • Capacity Utilization %:
  • Q4 FY26: 75.33%
  • Q3 FY26: 77.40%
  • Q4 FY25: 74.04%
  • FY2026: 74.17%
  • FY2025: 73.23%

Gas Terminal Division

  • Static Operational Capacity:
  • Q4 FY26: 225,800 MT
  • Q3 FY26: 225,800 MT
  • Q4 FY25: 95,800 MT
  • FY2026: 225,800 MT
  • FY2025: 95,800 MT
  • Throughput (MT):
  • Q4 FY26: 996,624
  • Q3 FY26: 1,006,331
  • Q4 FY25: 836,503
  • FY2026: 3,950,918
  • FY2025: 3,464,714

Financial Performance

Quarterly Performance (₹ million)

  • Revenue from operations:
  • Q4 FY26: ₹2,434.52
  • Q3 FY26: ₹2,394.11
  • Q4 FY25: ₹1,991.69
  • Revenue Growth YoY (%):
  • Q4 FY26: 22.23%
  • Q3 FY26: 16.86%
  • Q4 FY25: 6.88%
  • Total Income:
  • Q4 FY26: ₹2,478.02
  • Q3 FY26: ₹2,436.58
  • Q4 FY25: ₹2,152.09
  • EBIT:
  • Q4 FY26: ₹1,281.56
  • Q3 FY26: ₹1,271.51
  • Q4 FY25: ₹1,232.86
  • Operating EBITDA:
  • Q4 FY26: ₹1,791.66
  • Q3 FY26: ₹1,785.41
  • Q4 FY25: ₹1,442.12
  • Operating EBITDA Margin (%):
  • Q4 FY26: 73.59%
  • Q3 FY26: 74.58%
  • Q4 FY25: 72.41%
  • EBITDA:
  • Q4 FY26: ₹1,835.17
  • Q3 FY26: ₹1,827.88
  • Q4 FY25: ₹1,602.52
  • EBITDA Margin (%):
  • Q4 FY26: 74.06%
  • Q3 FY26: 75.02%
  • Q4 FY25: 74.46%
  • Profit after tax:
  • Q4 FY26: ₹738.74
  • Q3 FY26: ₹890.43
  • Q4 FY25: ₹640.79
  • PAT Margin (%):
  • Q4 FY26: 29.81%
  • Q3 FY26: 36.54%
  • Q4 FY25: 29.78%

Annual Performance (₹ million)

  • Revenue from operations:
  • FY2026: ₹9,230.78
  • FY2025: ₹7,892.12
  • Revenue Growth YoY (%):
  • FY2026: 16.96%
  • FY2025: 10.81%
  • Total Income:
  • FY2026: ₹9,605.44
  • FY2025: ₹8,208.43
  • EBIT:
  • FY2026: ₹5,161.80
  • FY2025: ₹4,588.06
  • Operating EBITDA:
  • FY2026: ₹6,864.53
  • FY2025: ₹5,748.41
  • Operating EBITDA Margin (%):
  • FY2026: 74.37%
  • FY2025: 72.84%
  • EBITDA:
  • FY2026: ₹7,239.18
  • FY2025: ₹6,064.72
  • EBITDA Margin (%):
  • FY2026: 75.37%
  • FY2025: 73.88%
  • Profit after tax:
  • FY2026: ₹3,419.21
  • FY2025: ₹2,248.41
  • PAT Margin (%):
  • FY2026: 35.60%
  • FY2025: 27.39%

Capital Structure and Investment

Capital Expenditure (₹ million)

  • Q4 FY26: ₹737.78
  • Q3 FY26: ₹583.45
  • Q4 FY25: ₹6,049.94
  • FY2026: ₹18,827.59
  • FY2025: ₹13,687.98

Balance Sheet Metrics (₹ million)

  • Net Worth:
  • As at March 31, 2026: ₹43,213.48
  • As at December 31, 2025: ₹41,671.16
  • As at March 31, 2025: ₹13,753.15
  • Total Debt:
  • As at March 31, 2026: ₹21,176.25
  • As at December 31, 2025: ₹10,952.66
  • As at March 31, 2025: ₹24,841.89
  • Total Equity:
  • As at March 31, 2026: ₹44,185.38
  • As at December 31, 2025: ₹42,703.45
  • As at March 31, 2025: ₹14,938.82
  • Net Debt:
  • As at March 31, 2026: ₹18,107.43
  • As at December 31, 2025: ₹8,634.90
  • As at March 31, 2025: ₹17,589.22

Financial Ratios

Quarterly Ratios

  • Net Debt to Operating EBITDA ratio (x)*:
  • Q4 FY26: 2.53
  • Q3 FY26: 1.21
  • Q4 FY25: 3.05
  • Capital Expenditure to Operating EBITDA ratio:
  • Q4 FY26: 41.18%
  • Q3 FY26: 32.68%
  • Q4 FY25: 419.52%
  • Return on Equity (RoE) (%)*:
  • Q4 FY26: 6.69%
  • Q3 FY26: 8.34%
  • Q4 FY25: 17.16%
  • Return on Capital Employed (RoCE) (%)*:
  • Q4 FY26: 7.95%
  • Q3 FY26: 9.58%
  • Q4 FY25: 13.19%
  • Operating Cash Flow (₹ million):
  • Q4 FY26: ₹1,944.51
  • Q3 FY26: ₹1,719.44
  • Q4 FY25: ₹1,741.33
  • Total Debt to Equity (x):
  • Q4 FY26: 0.48
  • Q3 FY26: 0.26
  • Q4 FY25: 1.66

Annual Ratios

  • Net Debt to Operating EBITDA ratio (x)*:
  • FY2026: 2.64
  • FY2025: 3.06
  • Capital Expenditure to Operating EBITDA ratio:
  • FY2026: 274.27%
  • FY2025: 238.12%
  • Return on Equity (RoE) (%)*:
  • FY2026: 7.74%
  • FY2025: 15.05%
  • Return on Capital Employed (RoCE) (%)*:
  • FY2026: 7.68%
  • FY2025: 13.13%
  • Operating Cash Flow (₹ million):
  • FY2026: ₹7,019.64
  • FY2025: ₹5,763.33
  • Total Debt to Equity (x):
  • FY2026: 0.48
  • FY2025: 1.66

Notes and Disclosures

1. Various terminal assets are developed and transferred to the Company pursuant to certain framework agreements and are accordingly not considered acquisition of businesses or assets.

2. Due to inherent nature of acquisition of certain business and assets during the period mentioned above, comparison of KPIs over time cannot be explained based on additions of such businesses and assets.

3. Capacity Utilization % for Liquid Terminal Division is calculated as actual used capacity for the period of Liquid Division in cbm divided by the available Capacity for the period in cbm.

4. Throughput for Gas Terminal Division (MT) is calculated as LPG/Gas quantity handled during the period/year.

5. Revenue Growth (%) is calculated as Revenue from operations for the current period/year minus Revenue from operations for the previous period/year as a % of Revenue from operations for the previous period/year.

6. EBIT is calculated as EBITDA minus depreciation and amortisation.

7. Operating EBITDA is calculated as Restated profit before exceptional items and tax minus Other Income plus Finance Costs, Depreciation and amortisation expense.

8. Operating EBITDA Margin (%) is the percentage of Operating EBITDA divided by Revenue from operations.

9. EBITDA is calculated as Operating EBITDA plus Other Income.

10. EBITDA Margin (%) is calculated as EBITDA divided by Total Income.

11. PAT Margin (%) is calculated as Restated profit (after tax) for the period/year as a % of Total Income.

12. Capital Expenditure is calculated as the sum of the capital expenditures incurred at each terminal in a given period.

13. Net worth is calculated as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.

14. Total Debt is computed as Non-Current Borrowings plus Current Borrowings.

15. Net Debt is calculated as Total Debt minus cash and cash equivalents, bank balances other than cash and cash equivalents.

16. Net Debt to Operating EBITDA ratio is calculated as Net Debt divided by Operating EBITDA.

17. Capital Expenditure to Operating EBITDA ratio is calculated as capex divided by Operating EBITDA.

18. Return on Equity (RoE) (%) is calculated as profit after tax divided by total equity.

19. Return on Capital Employed (RoCE) (%) is calculated as EBIT as a % of Capital employed wherein capital employed refers to sum of Total Equity and Net Debt.

20. Total Debt to Equity ratio is calculated as total debt divided by total equity.

21. The KPI impact arising from the acquisition of Hindustan Aegis (LPG) Limited and Aegis Terminal Pipavav Limited has been considered effective from 01 April 2024.

*Annualised ratios