Aegis Logistics Q2 results: Net profit rises 45% to ₹261 crore despite revenue decline

EBITDA jumped 49.4% to ₹434 crore, while the operating margin expanded to 19.62%. Revenue, however, fell 3.5% year-on-year to ₹2,213 crore.

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Oil, gas and chemical logistics firm Aegis Logistics reported a 45% year-on-year rise in net profit to ₹261 crore for the second quarter, compared with ₹180 crore in the year-ago period.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 49.4% to ₹434 crore from ₹291 crore a year earlier. The EBITDA margin — a measure of operating profitability — widened to 19.62% from 12.67%.

Revenue, however, declined 3.5% year-on-year to ₹2,213 crore from ₹2,294 crore.

Aegis Logistics shares closed 3.91% higher at ₹1,296 on the NSE on October 26, gaining ₹48.80 ahead of the earnings announcement.

Also Read: Aavas Financiers Q2 results: Net profit rises 11% to ₹182 crore, NII grows 10%

Aegis Logistics Q2 results: Net profit rises 45% to ₹261 crore despite revenue decline

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