Aegis Vopak Terminals reports strong Q2 FY26 results, outlines aggressive expansion and acquisition plans
Aegis Vopak Terminals announced robust Q2 FY26 results with significant profit growth and detailed ambitious expansion plans including acquisitions, new terminals, and pipeline connectivity across India's ports.
The announcement details substantial financial growth and outlines an aggressive capital expenditure plan of ₹10,000 crore (USD 1.2 billion) by next year and ₹41,600 crore (USD 5 billion) by 2030, involving new port entries, increased capacities, and strategic acquisitions. These initiatives are expected to significantly enhance the company's operational footprint and financial performance.
The company reported strong Q2 FY26 financial results with significant year-on-year growth in revenue, EBITDA, and profit, coupled with reduced interest costs. The detailed expansion plans, including new terminal commissions, strategic acquisitions, and pipeline connectivity, indicate strong future growth prospects and market leadership.
Aegis Vopak Terminals Limited (AVTL) announced robust financial results for Q2 FY26 and H1 FY26, alongside ambitious strategic expansion plans: * Q2 FY26 Financial Highlights: * Revenue from operations increased by 26.2% year-on-year to ₹187.6 crore. * Liquid terminalling revenue grew 28.3% year-on-year to ₹106 crore. * Gas terminalling revenue rose 23.7% year-on-year to ₹81.5 crore, with throughput of 0.68 million metric tons. * Operating EBITDA increased by 25.8% year-on-year to ₹137.4 crore. * Interest costs decreased by 61% year-on-year due to debt repayment. * Profit surged by 141.8% year-on-year to ₹53.9 crore. * H1 FY26 Financial Highlights: * Revenue from operations increased by 16.2% year-on-year to ₹351.6 crore. * Profit grew by 111.4% year-on-year to ₹101.6 crore. * Strategic Expansion (Project GATI): * New LPG terminals at Pipavav and Mangalore are fully operational. * Proposed acquisition of a 75% stake in Hindustan Aegis LPG Limited (HALPG), adding 25,000 metric tons of LPG capacity at Haldia and marking entry into the East Coast market, subject to shareholder approval. * JNPA Port: Construction is underway for an additional 318,100 cubic meters of liquid capacity and 77,286 metric tons of LPG storage, with part of the new liquid terminal expected to be commissioned by March 2026. Capital expenditure for this project is ₹1,675 crore. * Kandla Port: Expects significant volume boost from KGPL (PNGRB approved) and JLPL pipelines, with JLPL connectivity expected by December 2025. VLGC berthing will commence in Q3 FY26. A new liquid terminal (94,148 cubic meters) is under development for commissioning by March 2027. * Pipavav Port: The 48,000 metric ton cryogenic LPG terminal commissioned in June 2025. India's first independent Ammonia Terminal (36,000 metric tons) is expected to be completed by March 2026, with a 15-year take-or-pay agreement with Hindustan Zinc. * Kochi & Mangalore Ports: Plans to add 60,000 cubic meters of liquid capacity at each port, expected to be completed by December 2026. * Signed a non-binding MoU to invest in Vadhavan Port, aiming to expand presence to two new ports. * Capital Expenditure: Targets a cumulative CAPEX of USD 1.2 billion (approximately ₹10,000 crore) by December 2026/March 2027 and an aggregate CAPEX of USD 5 billion (approximately ₹41,600 crore) by 2030. * Management Outlook: Chairman Mr. Raj Chandaria stated the company is on track with its strategic roadmap and expects consistent growth, strengthening its leadership in India's energy logistics sector.
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