Aegis Logistics LimitedQ2 FY27 Results & Financial Update
Aegis Logistics Limited: Q2 FY27 consolidated results and company financials – revenue ₹2,213.34 Cr, PAT ₹320.50 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Aegis Logistics Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the second quarter of financial year 2027, Aegis Logistics reported consolidated revenue from operations of INR 2,213.34 crore, reflecting a sequential decrease of 6.09% compared to INR 2,356.86 crore recorded in the preceding quarter ended June 30, 2026.
Total income for Q2 FY27 stood at INR 2,311.77 crore, moving down from INR 2,463.17 crore in the previous quarter.
Profit before tax (PBT) for the quarter was recorded at INR 420.27 crore, compared to INR 719.28 crore in Q1 FY27.
Profit after tax (PAT) for Q2 FY27 stood at INR 320.50 crore, marking a 41.18% sequential decline from INR 544.84 crore reported in the first quarter of FY27.
Diluted earnings per share (EPS) for the quarter came in at INR 7.42, compared to INR 13.80 in the preceding quarter.
Finance costs for the current quarter were reported at INR 57.19 crore, compared to INR 47.70 crore in Q1 FY27, while depreciation and amortization expenses rose slightly to INR 55.29 crore from INR 52.90 crore.
Tax expense for Q2 FY27 stood at INR 99.77 crore, lower than the INR 174.44 crore registered in the previous quarter.
01 · Business model
What does Aegis Logistics do?
Aegis Logistics Limited is an integrated oil, gas, and chemical logistics company in India, operating across the entire energy value chain including sourcing, static storage, terminalling, handling, and distribution of liquefied petroleum gas (LPG), bulk liquids, chemicals, and ammonia.
The company conducts its operations across two complementary business segments: Liquids logistics (encompassing third-party storage of petroleum products, lubricants, chemicals, and vegetable oils across key port terminals on both Indian coasts) and Gas logistics and distribution (comprising LPG sourcing, terminalling, industrial bulk and cylinder distribution, and auto-gas retailing).
Aegis operates a multi-modal evacuation infrastructure utilizing cross-country pipelines, rail connectivity, and road transport to serve diversified domestic, commercial, industrial, and auto-gas customer segments, underpinned by strategic joint ventures with global partners such as Royal Vopak and ITOCHU Petroleum.
02 · Historical context
What shaped the business before this quarter
Incorporated in 1956, Aegis Logistics expanded over seven decades into a major integrated oil, gas, and chemical logistics provider with a robust terminal network across Indian gateway ports.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹2,213.34 Cr | ₹2,356.86 Cr |
| Total income | ₹2,311.77 Cr | ₹2,463.17 Cr |
| Profit before tax | ₹420.27 Cr | ₹719.28 Cr |
| Profit after tax | ₹320.50 Cr | ₹544.84 Cr |
| EPS | ₹7.42 | ₹13.80 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 14.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 19.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹98.43 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations stood at INR 2,213.34 crore for Q2 FY27, lower than the INR 2,356.86 crore reported in Q1 FY27.
What drove margins
Tax expenses decreased sequentially to INR 99.77 crore in Q2 FY27 from INR 174.44 crore in Q1 FY27, while finance costs edged up to INR 57.19 crore.
05 · Demand, customers & order book
Where demand is coming from
The company serves a broad customer base spanning households, commercial establishments, industrial users, auto-gas consumers, and public sector oil marketing companies.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company continues to operate across its two core pillars: liquid terminal storage across seven ports and gas handling, LPG sourcing, terminalling, and distribution across major Indian coastal locations.
Geography and market mix
Aegis maintains terminal footprints across key Indian ports including Kandla, Pipavav, Mumbai, JNPT, Mangaluru, Kochi, and Haldia.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The 36,000 MT ammonia storage facility at Pipavav was successfully commissioned on August 10, 2026, establishing India's first independent ammonia storage terminal.
Projects, capex and execution
The company continues its expansion projects across upcoming liquid storage and gas terminal capacities at key port locations under Project GATI.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Aegis Logistics announced via its step-down subsidiary a definitive agreement to acquire approximately 89.8% of Tristar Holdings Limited for an equity consideration of US$ 809 million, with completion expected in Q4 FY27 subject to regulatory approvals.
09 · Reported developments
What changed operationally
Entered into a definitive agreement to acquire a majority stake in Tristar Holdings Limited, expanding international logistics presence.
Commissioned India's first independent ammonia storage terminal at Pipavav with 36,000 MT static capacity.
10 · Items worth noticing
The line items that can distort a quick read
Provisions for the current quarter were reported at INR 7.36 crore.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Tristar Acquisition Timeline
The proposed acquisition of an 89.8% stake in Tristar Holdings Limited is anticipated to be completed in Q4 FY27, pending anti-trust and regulatory approvals.
12 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations adjusted to INR 2,213.34 crore in Q2 FY27 from INR 2,356.86 crore in Q1 FY27.
13 · Key Q&A
The quarter, answered directly
What does Aegis Logistics do?
Aegis Logistics Limited is an integrated oil, gas, and chemical logistics company in India, operating across the entire energy value chain including sourcing, static storage, terminalling, handling, and distribution of liquefied petroleum gas (LPG), bulk liquids, chemicals, and ammonia.
What is the clearest takeaway from Q2 FY27?
During the second quarter of financial year 2027, Aegis Logistics reported consolidated revenue from operations of INR 2,213.34 crore, reflecting a sequential decrease of 6.09% compared to INR 2,356.86 crore recorded in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Consolidated revenue from operations stood at INR 2,213.34 crore for Q2 FY27, lower than the INR 2,356.86 crore reported in Q1 FY27.
What mattered most for margins or profitability?
Tax expenses decreased sequentially to INR 99.77 crore in Q2 FY27 from INR 174.44 crore in Q1 FY27, while finance costs edged up to INR 57.19 crore.
What changed operationally beyond the headline numbers?
The 36,000 MT ammonia storage facility at Pipavav was successfully commissioned on August 10, 2026, establishing India's first independent ammonia storage terminal.
What should the next disclosure help confirm?
Track regulatory clearances and closing conditions for the proposed Tristar acquisition expected in Q4 FY27.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Tristar Acquisition Closure: Track regulatory clearances and closing conditions for the proposed Tristar acquisition expected in Q4 FY27.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.