Aegis Vopak Terminals Q2 FY27 Results: Consolidated Net Profit ₹96.41 Crore on Total Income of ₹277 Crore
Earnings
Liquid and gas storage terminals
Blacklitt Research3 min read
BrettLewis88, via Wikimedia Commons (CC0). Illustrative image.
Aegis Vopak Terminals (NSE: AEGISVOPAK) reported consolidated total income of ₹276.51 crore and net profit of ₹96.41 crore for the quarter ended 30 Sep 2026, it said in a filing on 26 Oct 2026. Standalone total income was ₹185.27 crore and standalone net profit ₹47.42 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹276.51 crore, up 10.8% YoY and 18.3% QoQ
Net profit: ₹96.41 crore, down 3.8% YoY and up 38.9% QoQ
Net profit attributable to owners: ₹66.08 crore, against ₹86.57 crore a year earlier
Finance costs: ₹40.34 crore, up 117.0% YoY from ₹18.59 crore
Standalone
The company on its own, without its subsidiaries
Total income: ₹185.27 crore, up 12.4% YoY and 1.3% QoQ
Net profit: ₹47.42 crore, down 3.2% YoY and 6.4% QoQ
Basic EPS: ₹0.43, against ₹0.45 a year earlier
Finance costs: ₹39.02 crore, up 117.3% YoY from ₹17.96 crore
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
276.51
249.62
+10.8%
233.77
+18.3%
Revenue from operations
270.84
232.22
+16.6%
233.77
+15.9%
Other income
5.67
17.39
-67.4%
13.55
-58.1%
96.41
100.22
-3.8%
69.41
+38.9%
Profit before tax
119.56
117.32
+1.9%
88.98
+34.4%
Finance costs
40.34
18.59
+117.0%
39.34
+2.6%
Depreciation
38.13
38.13
0.0%
55.47
-31.3%
Tax expense
23.15
17.10
+35.4%
19.57
+18.3%
Net profit margin
34.87%
40.15%
-5.28 pp
29.69%
+5.17 pp
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 10.8% year on year to ₹276.51 crore, but net profit fell 3.8% to ₹96.41 crore. Profit before tax rose 1.9% to ₹119.56 crore, while tax expense rose 35.4% to ₹23.15 crore, so the gap between the two profit lines widened. Set side by side, the growth in revenue from operations of 16.6% sits against a 67.4% fall in other income, which is now 2.1% of total income.
Finance costs of ₹40.34 crore are 14.6% of total income this quarter, against ₹18.59 crore a year earlier. Consolidated depreciation was ₹38.13 crore in both the current and year-earlier quarters.
The consolidated comparatives for the year-earlier and previous quarters were restated under common control pooling of interest for the Pipavav and Hindustan Aegis LPG acquisitions. The auditor's limited review of the consolidated results is unmodified; two subsidiaries were reviewed by another auditor, whose reports the management furnished.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
185.27
164.85
+12.4%
182.87
+1.3%
Revenue from operations
177.90
160.98
+10.5%
178.49
-0.3%
Other income
7.37
3.67
+100.8%
5.70
+29.3%
47.42
48.99
-3.2%
50.68
-6.4%
Profit before tax
62.15
63.89
-2.7%
66.31
-6.3%
Finance costs
39.02
17.96
+117.3%
38.71
+0.8%
Depreciation
46.43
45.27
+2.6%
45.53
+2.0%
Tax expense
14.73
14.90
-1.2%
15.63
-5.8%
Net profit margin
25.60%
29.72%
-4.12 pp
27.71%
-2.12 pp
EPS, basic (₹)
0.43
0.45
-4.4%
0.46
-6.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 12.4% year on year to ₹185.27 crore, while standalone net profit fell 3.2% to ₹47.42 crore. Profit before tax fell 2.7% to ₹62.15 crore, and tax expense fell 1.2% to ₹14.73 crore. Other income more than doubled, up 100.8% to ₹7.37 crore, and is 11.9% of profit before tax.
Standalone finance costs rose 117.3% to ₹39.02 crore and are 21.1% of total income. Standalone depreciation was ₹46.43 crore, 2.6% higher than a year earlier. The standalone net profit margin was 25.60%, against 29.72% in the year-earlier quarter, and basic EPS was ₹0.43.
Consolidated net profit of ₹96.41 crore is ₹48.99 crore above standalone net profit of ₹47.42 crore, and consolidated total income is ₹91.24 crore above standalone. The filing gives the consolidated figures on a basis that includes the subsidiaries listed in its notes, including Aegis Energy Terminals Limited, incorporated on 25 Sep 2026.
Inference
The filing says the company acquired 96% of Aegis Terminal (Pipavav) Limited, effective 13 Nov 2025, and that Hindustan Aegis LPG Limited became a subsidiary effective 6 Jan 2026. It also says that under a share purchase agreement dated 27 Mar 2026 the company agreed to transfer 10% of Aegis Terminal (Pipavav) Limited to Itochu Corporation for ₹80.32 crore; the filing does not say whether that transfer has completed.
The company has two series of secured NCDs: 66,000 debentures (INE0INX07015) and 1,03,000 debentures (INE0INX07023), each of ₹1 lakh face value. The filing says a prepayment notice has been given for partial redemption on the call option date of 9 Nov 2026, with ₹157.5 crore of fixed deposits under lien with HDFC Bank Limited. The filing does not say the amount of the partial redemption or how it will be funded beyond those deposits, and it does not give a reason for the profit decline.
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AEGISVOPAKAegis Vopak Terminals Ltd.
