Aegis Vopak Terminals Ltd.Revenue +12.4%, Liquid Revenue +31%

Aegis Vopak Terminals reported Q1 FY27 revenue of ₹233.8 Cr, up 12.4%, with operating EBITDA of ₹179.4 Cr, up 15.6%, at a margin of about 76.7%, and cash profit after tax of ₹124.9 Cr.

Liquid terminaling revenue rose 31% to ₹126.5 Cr as capacities added last year matured, notably at JNPA, while gas terminaling revenue fell 3.5% to ₹107.2 Cr on war-related disruption. The company commissioned a 36,000-ton ammonia terminal at Pipavav with a 15-year take-or-pay agreement with Hindustan Zinc, and its board approved a 52,000-ton refrigerated LPG tank at JNPA and 49,577 cubic metres of added liquid storage at Kochi.

The ₹1,675 Cr JNPA expansion starts adding about 100,000 cubic metres in Q3 FY27. Management targets ₹10,000 Cr of gross block by March 2027, liquid capacity near 3 million cubic metres by FY28, and a $5 billion capex programme to FY31, funded within a gearing cap of 0.6 times.