AEGISVOPAK · Oil Gas & Consumable Fuels
Aegis Vopak Terminals Ltd. reported revenue of ₹234 cr for April to June 2026, +12.5% on the year and −3.7% on the quarter. Over the last four quarters revenue comes to ₹904 cr, +25.9% on the four before.
Operating profit (EBITDA) was ₹179 cr, a margin of 76.5%, +198 bps on the year and +283 bps on the quarter. It is the widest margin of the last 8 quarters (range 72.4% to 76.5%). Operating costs grew +3.8% against revenue growth of +12.5%, so more of each rupee of sales reached operating profit.
Net profit was ₹69.0 cr, −12.7% on the year and −6.8% on the quarter, with earnings per share of ₹0.60. Profit before other income, one-offs and tax grew faster, at +1.2%; other income, one-offs or tax held the headline back. The tax rate of 22% is in line with its recent average. Profit over the last four quarters totals ₹286 cr, +40.9% on the four before.
Refining and marketing profits swing with crude and product margins, and inventory gains or losses can move a single quarter sharply. The quarterly statements do not carry refining margins, throughput and inventory gains or losses; those come with the filing read.
On earnings per share of ₹2.45 over the last four quarters, the stock at ₹255.11 trades at 104.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹154 cr | ₹149 cr | ₹162 cr | ₹199 cr | ₹208 cr | ₹188 cr | ₹239 cr | ₹243 cr | ₹234 cr | ₹271 cr |
| YoY | — | — | — | — | +35% | +26% | +48% | +22% | +13% | +44% |
| EBITDA margin | 74.0% | 73.2% | 73.5% | 72.4% | 74.5% | 72.9% | 74.9% | 73.7% | 76.5% | 78.2% |
| Other income, % of PBT | 5% | 6% | 18% | 21% | 12% | 1% | 4% | 5% | 4% | 5% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | 31% | 16% | 15% | 17% | 24% | 17% | 15% | 22% | 19% |
| Net profit | ₹26.0 cr | ₹22.0 cr | ₹38.0 cr | ₹64.0 cr | ₹79.0 cr | ₹54.0 cr | ₹89.0 cr | ₹74.0 cr | ₹69.0 cr | ₹96.0 cr |
| YoY | — | — | — | — | +204% | +145% | +134% | +16% | −13% | +78% |
| Core profit YoY | — | — | — | — | +140% | +133% | +178% | +41% | +1% | +63% |
| EPS | ₹234.36 | ₹0.23 | ₹0.38 | ₹0.59 | ₹0.64 | ₹0.49 | ₹0.74 | ₹0.62 | ₹0.60 | ₹0.78 |
| Flags | · | · | 1 | 1 | 1 | ✓ | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Aegis Vopak Terminals Ltd. reported revenue of ₹234 cr (+12.5% on the year) and net profit of ₹69.0 cr (−12.7% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved +1.2% on the year, against −12.7% for reported profit.
None of the 7 checks that could run raised a question.
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