Aegis Vopak Terminals Limited has informed the Exchange about Transcript
AEGISVOPAK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aegis Vopak Terminals held its maiden post-IPO earnings call. Q1 FY26 revenue rose 4.5% sequentially to INR164 crores (Liquid Terminaling INR96.9 cr, Gas Terminaling INR67.1 cr), with operating EBITDA up 3.1% to INR119.9 crores and profit up 85.1% YoY to INR47.7 crores, aided by a 37% sequential drop in interest costs after the IPO-funded repayment of INR2,016 crores of bank debt. Two new cryogenic LPG terminals (Mangalore 82,000 MT and Pipavav 48,000 MT) were commissioned, tripling LPG storage capacity to 200,800 MT, with revenue from these starting in Q2. Management outlined a $1.2 billion capex target by next year and $5 billion by 2030, funded by equity, internal accruals, and debt with a gearing cap of 3.5x EBITDA and 15% post-tax IRR benchmark.
Debt-free balance sheet and new capacity ramp-up should drive strong earnings growth from Q2 FY26 onwards; the multi-year $5 billion capex ambition and entry into ammonia terminaling signal significant long-term expansion, though execution and further equity dilution (up to 25% mandated within 3 years) are key things to watch.