Company Overview
Aegis Vopak Terminals Limited (BSE: 544407, NSE: AEGISVOPAK) reported exceptional financial performance for FY 2025-26 with consolidated revenue growing 16.96% to ₹923.08 crore and net profit surging 52.07% to ₹341.92 crore. EBITDA increased 21.58% to ₹703.45 crore, demonstrating strong operational efficiency across both Liquid and Gas terminalling divisions.
Financial Performance Highlights
Consolidated Financials (FY26 vs FY25): Revenue from operations rose to ₹923.08 crore (₹789.21 crore), while profit before tax jumped 53.13% to ₹406.45 crore. The company achieved remarkable standalone performance with profit after tax increasing 151.82% to ₹272.79 crore. Division-wise, Liquid Logistics revenue grew 27.77% to ₹440.47 crore and Gas Terminalling revenue increased 8.58% to ₹482.60 crore.
Strategic Expansion and Acquisitions
The company executed multiple strategic acquisitions, including LPG terminals at Mangalore (82,000 MT from Sea Lord Containers), Pipavav (48,000 MT from Aegis Logistics), and Haldia (75% stake in Hindustan Aegis LPG with 25,000 MT capacity). Total LPG storage capacity expanded from 70,800 MT to 225,800 MT. Future projects include an Ammonia Terminal at Pipavav and J2 Project at JNPA with significant additional capacity.
Capital Market Activities
Aegis Vopak completed its IPO on June 2, 2025, raising ₹2,800 crore through issuance of 119,148,936 equity shares at ₹235 per share. The company also issued ₹1,690 crore in NCDs through two tranches (6.92% and 7.40%) while repaying ₹2,015.95 crore debt from IPO proceeds, dramatically improving the debt-to-equity ratio to 0.08 from 1.58.
Corporate Governance and Compliance
The board recommended a final dividend of 2% (₹0.20 per share) payable by September 4, 2026. The company maintains IND AA/Positive credit ratings from India Ratings. Auditors issued an unmodified opinion confirming the financial statements give a true and fair view with adequate internal financial controls. The AGM is scheduled for August 7, 2026, with record date for dividend set as July 10, 2026.
Operational and Subsidiary Performance
Subsidiaries contributed significantly to growth: Hindustan Aegis LPG generated ₹169.12 crore revenue and ₹135.16 crore PAT since acquisition, CRL Terminals reported ₹90.51 crore revenue (₹24.10 crore PAT), and Konkan Storage Systems achieved ₹21.32 crore revenue (₹6.01 crore PAT). The company operates across six key terminal locations with strong safety protocols and environmental compliance.
Balance Sheet and Cash Flow
Total assets increased to ₹84,501.288 lakh (₹67,548.122 lakh) with property, plant and equipment at ₹66,355.037 lakh. Equity expanded to ₹44,185.380 lakh (₹14,938.819 lakh) post-IPO. Operating cash flow remained strong at ₹7,019.637 lakh, though investing activities used ₹30,774.298 lakh for acquisitions and expansions.