AEGISVOPAK · Oil Gas & Consumable Fuels
Aegis Vopak Terminals Ltd. reported revenue of ₹199 cr for January to March 2025, — on the year and +22.8% on the quarter.
Operating profit (EBITDA) was ₹144 cr, a margin of 72.4%, — on the year and −109 bps on the quarter.
Net profit was ₹64.0 cr, — on the year and +68.4% on the quarter, with earnings per share of ₹0.59.
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 ₹235.56 over the last four quarters, the stock at ₹255.11 trades at 1.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
A lower tax rate lifted profit. Is the lower rate going to last?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, 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).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹199 cr (— on the year) and net profit of ₹64.0 cr (— on the year) for January to March 2025.
1 check raised a question: A lower tax rate lifted profit. Is the lower rate going to last?
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