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Pipeline commissioning delays
View Risks →Aegis Vopak Terminals Limited — Q3 FY26
Aegis Vopak Terminals reported a strong Q3 FY26 with revenue of ₹197.5 crore (+22.3% YoY) and PAT of ₹61.5 crore (+62.7% YoY), driven by higher liquid volumes from capacity additions and improved product mix.
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Aegis Vopak Terminals reported a strong Q3 FY26 with revenue of ₹197.5 crore (+22.3% YoY) and PAT of ₹61.5 crore (+62.7% YoY), driven by higher liquid volumes from capacity additions and improved product mix. The newly commissioned LPG terminals at Pipavav and Mangalore are now fully operational, contributing to revenue. Management highlighted a 15-year take-or-pay agreement at Pipavav for over 0.5 MMT annually and progress on the JNPT expansion (₹1,675 crore capex) with first phase expected in Q1 FY27. The acquisition of Hindustan Aegis LPG adds 25,000 MT LPG capacity at Haldia. Guidance includes a capex roadmap of $5 billion by 2030, with a debt gearing ratio of 0.6x. Key risks include delays in pipeline commissioning (KGPL/JLPL) and potential volume shortfalls if customer demand softens.
एजिस वोपाक टर्मिनल्स ने वित्त वर्ष 2026 की तीसरी तिमाही में मजबूत प्रदर्शन किया। कंपनी की कमाई ₹197.5 करोड़ रही, जो पिछले साल से 22.3% ज्यादा है। मुनाफा ₹61.5 करोड़ रहा, जो 62.7% बढ़ा। यह बढ़ोतरी नई क्षमता जुड़ने और बेहतर उत्पाद मिश्रण से हुई। पिपावाव और मंगलौर में नए एलपीजी टर्मिनल पूरी तरह चालू हो गए हैं। पिपावाव में 15 साल का समझौता है, जिसमें हर साल 5 लाख टन से ज्यादा एलपीजी बेचने की गारंटी है। जेएनपीटी विस्तार पर ₹1,675 करोड़ खर्च होंगे, जिसका पहला चरण अगले साल की पहली तिमाही में शुरू होगा। हल्दिया में एलपीजी क्षमता 25,000 टन बढ़ी है। कंपनी 2030 तक $5 अरब निवेश करेगी और कर्ज 0.6 गुना है। जोखिमों में पाइपलाइन देरी और ग्राहकों की कम मांग शामिल है।
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Liquid terminaling revenue growth
₹116.5 crore
+37% YoY
Revenue from liquid terminaling grew 37% YoY to ₹116.5 crore, driven by higher volumes and improved product mix.
Gas throughput (9 months)
1.89 MMT
Crossed FY25 full-year throughput
Cumulative gas throughput for 9 months FY26 crossed last year's full-year throughput of 1.89 MMT.
JNPT expansion capex
₹1,675 crore
Ongoing
Capital expenditure of ₹1,675 crore for JNPT expansion, adding 318,100 cubic meters liquid and 77,260 MT LPG capacity.
LPG capacity at Haldia (acquisition)
25,000 MT
Added via acquisition
Acquisition of Hindustan Aegis LPG adds 25,000 MT of LPG storage capacity at Haldia, marking entry into east coast.
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