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Aegis Logistics Q2 FY27 results: net profit up 31.3% to ₹320.50 crore, revenue down 3.5%
Aegis Logistics Limited reported Q2 FY27 consolidated revenue of ₹2,213 crore, EBITDA of ₹434.32 crore and a net profit of ₹320.50 crore for the September 2026 quarter. Revenue fell 6.1% from Q1 FY27, while EBITDA rose 49.4% from the year-ago quarter and EBITDA margin expanded to 19.6%.
Key points
- Revenue was ₹2,213 crore, down 6.1% from Q1 FY27 and 3.5% from Q2 FY26.
- EBITDA was ₹434.32 crore, up 49.4% from Q2 FY26, while margin expanded to 19.6%.
- Net profit was ₹320.50 crore, up 31.3% from Q2 FY26 but down 41.2% from Q1 FY27.
- Basic EPS was ₹7.42, compared with ₹5.12 in Q2 FY26 and ₹13.8 in Q1 FY27.
- In H1 FY27, revenue was ₹4,570.2 crore and net profit was ₹865.34 crore.
How did Aegis Logistics perform in Q2 FY27?
Aegis Logistics reported consolidated revenue of ₹2,213 crore for Q2 FY27, down 6.1% from Q1 FY27 and 3.5% from Q2 FY26. EBITDA rose 49.4% year on year to ₹434.32 crore, while margin expanded by 6.9 percentage points to 19.6%. Against Q1 FY27, EBITDA fell 39.1% and margin declined by 10.7 percentage points.
Profit before tax was ₹420.27 crore, up 35.5% from Q2 FY26 but down 41.6% from Q1 FY27. Net profit was ₹320.50 crore, up 31.3% from Q2 FY26 and down 41.2% from Q1 FY27. Basic EPS was ₹7.42, compared with ₹5.12 in Q2 FY26 and ₹13.8 in Q1 FY27. The reported PAT margin was 14.5%.
The filing also reported standalone revenue of ₹1,679.3 crore and PAT of ₹339.64 crore. The consolidated figures above are for the quarter ended 30 September 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,213 | 2,357 | 2,294 | −3.5% | −6.1% |
| Other income | 98.43 | 106.31 | 96.01 | +2.5% | −7.4% |
| Total expenses | 1,892 | 1,744 | 2,080 | −9.1% | +8.5% |
| EBITDA | 434.32 | 713.57 | 290.66 | +49.4% | −39.1% |
| EBITDA margin | 19.6% | 30.3% | 12.7% | +6.9 pp | −10.7 pp |
| Profit before tax | 420.27 | 719.28 | 310.20 | +35.5% | −41.6% |
| Tax | 99.77 | 174.44 | 66.18 | +50.8% | −42.8% |
| Net profit | 320.50 | 544.84 | 244.02 | +31.3% | −41.2% |
| EPS (₹) | 7.42 | 13.80 | 5.12 | +44.9% | −46.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Aegis Logistics' costs and profit?
Total expenses were ₹1,892 crore in Q2 FY27, down ₹188.32 crore or 9.1% from Q2 FY26. Other expenses fell ₹12.90 crore to ₹67.13 crore, while employee cost rose ₹3.59 crore to ₹30.27 crore, depreciation rose ₹3.13 crore to ₹55.29 crore and finance costs rose ₹32.88 crore to ₹57.19 crore.
Other income was ₹98.43 crore, up ₹2.42 crore from ₹96.01 crore in Q2 FY26. There was no exceptional item. Tax expense was ₹99.77 crore, up ₹33.59 crore from ₹66.18 crore, while profit before tax rose ₹110.07 crore to ₹420.27 crore and PAT increased ₹76.48 crore to ₹320.50 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 30.27 | 26.68 | +3.59 | +13.5% |
| Finance costs | 57.19 | 24.31 | +32.88 | +135.3% |
| Depreciation | 55.29 | 52.16 | +3.13 | +6.0% |
| Other expenses | 67.13 | 80.03 | −12.90 | −16.1% |
| Total expenses | 1,892 | 2,080 | −188.32 | −9.1% |
| Other income | 98.43 | 96.01 | +2.42 | +2.5% |
| Tax | 99.77 | 66.18 | +33.59 | +50.8% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Aegis Logistics reported revenue of ₹4,570.2 crore, up ₹556.78 crore or 13.9% from ₹4,013.42 crore in H1 FY26. Total income rose 14.5% to ₹4,774.94 crore, while profit before tax increased 111.8% to ₹1,139.55 crore.
H1 FY27 PAT was ₹865.34 crore, up ₹445.96 crore or 106.3% from ₹419.38 crore, and basic EPS rose to ₹21.23 from ₹8.86. The first-half figures compare the six months ended 30 September 2026 with the six months ended 30 September 2025.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 4,570 | 4,013 | +13.9% |
| Profit before tax | 1,140 | 538.10 | +111.8% |
| Net profit | 865.34 | 419.38 | +106.3% |
| EPS (₹) | 21.23 | 8.86 | +139.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹15,647.53 crore, against ₹14,490.54 crore at 31 March 2026. Total equity rose to ₹9,403.78 crore from ₹8,784.32 crore, while borrowings were ₹3,053.78 crore compared with ₹2,416.56 crore. Cash and cash equivalents were ₹2,999.35 crore, up from ₹2,511.6 crore.
Inventories increased to ₹463.99 crore from ₹128.56 crore, and trade receivables rose to ₹612.63 crore from ₹481.0 crore. Trade payables fell to ₹623.01 crore from ₹706.9 crore. In H1 FY27, operating cash flow was ₹165.47 crore, compared with ₹639.35 crore in H1 FY26; investing cash flow was ₹59.09 crore against negative ₹1,398.2 crore, and financing cash flow was ₹263.19 crore against ₹131.31 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 15,648 | 14,491 |
| Total equity | 9,404 | 8,784 |
| Borrowings | 3,054 | 2,417 |
| Cash and equivalents | 2,999 | 2,512 |
| Inventories | 463.99 | 128.56 |
| Trade receivables | 612.63 | 481 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 165.47 | 639.35 |
| Cash from investing | 59.09 | −1,398 |
| Cash from financing | 263.19 | 131.31 |
| Capital expenditure | 510.88 | 416.51 |
Source: Company's results filing (XBRL).
How has Aegis Logistics done over the last 8 quarters?
Aegis Logistics’ quarterly revenue reached its highest reported level in Q4 FY26 at ₹2,594.39 crore and its lowest in Q3 FY25 at ₹1,706.99 crore. Revenue then moved to ₹2,356.86 crore in Q1 FY27 and eased to ₹2,213.34 crore in Q2 FY27.
PAT peaked at ₹544.84 crore in Q1 FY27 and was lowest at ₹159.52 crore in Q3 FY25. It fell to ₹320.50 crore in Q2 FY27. EBITDA margin peaked at 30.3% in Q1 FY27 and was lowest at 12.7% in Q2 FY26, before easing to 19.6%. PAT rose year on year in each of the last eight quarters.
Which businesses drove the quarter?
The Liquid Terminal Division reported revenue of ₹187.33 crore, up 21.2% from ₹154.56 crore in the year-ago quarter. EBIT was ₹120.47 crore, compared with ₹91.68 crore, and the reported EBIT margin was 64.3%.
The Gas Terminal Division reported revenue of ₹2,026.01 crore, down 5.3% from ₹2,139.45 crore. EBIT rose to ₹277.7 crore from ₹196.15 crore, and the reported EBIT margin was 13.7%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Liquid Terminal Division | 187.33 | +21.2% | 120.47 | 64.3% |
| Gas Terminal Division | 2,026 | −5.3% | 277.70 | 13.7% |
Source: Company's results filing (XBRL segment data).
How did Aegis Logistics shares react?
After the filing, Aegis Logistics fell 2.9% within five minutes, 2.2% after 15 minutes and 3.2% after 30 minutes. By the close of the first session that could trade on the results, the stock was down 7.4% from its pre-results close, compared with a 0.2% decline for the median Gas industry stock. The stock’s relative move was 7.2 percentage points below the industry median.
By the next day's close, the stock was down 9.4% from the pre-results close, compared with a 1.1% decline for the industry median. After five sessions, it was down 9.8%, while the industry median was up 2.0%. The relative five-session move was 11.8 percentage points below the industry median.
Earlier reaction-day moves were positive on 6 August 2026, 29 May 2026, 30 January 2026 and 7 August 2025, at 0.4%, 4.5%, 3.6% and 1.7%, respectively. They were negative on 7 November 2025, 19 June 2025, 12 February 2025 and 25 October 2024, at 0.1%, 2.7%, 3.5% and 0.3%, respectively.
| After the filing | Stock | Gas median |
|---|---|---|
| 5 minutes | −2.9% | |
| 15 minutes | −2.2% | |
| 30 minutes | −3.2% | |
| Reaction day | −7.4% | −0.2% |
| Next day | −9.4% | −1.1% |
| 5 days | −9.8% | +2.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 6 August 2026 | +0.4% |
| 29 May 2026 | +4.5% |
| 30 January 2026 | +3.6% |
| 7 November 2025 | −0.1% |
| 7 August 2025 | +1.7% |
| 19 June 2025 | −2.7% |
| 12 February 2025 | +3.5% |
| 25 October 2024 | −0.3% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Aegis Logistics' revenue in Q2 FY27?
Revenue from operations was ₹2,213 crore, down 3.5% from ₹2,294 crore in Q2 FY26 (consolidated).
Did Aegis Logistics make a profit in Q2 FY27?
Yes. Net profit was ₹320.50 crore, against a net profit of ₹244.02 crore in Q2 FY26.
What was Aegis Logistics' EPS in Q2 FY27?
Basic earnings per share were ₹7.42, against ₹5.12 in Q2 FY26.
How did Aegis Logistics shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.4% from the previous close; the median Gas stock moved −0.2%.
When did Aegis Logistics announce its Q2 FY27 results?
On 26 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 26 October 2026) · PDF
- The earnings call (3 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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