Aegis Vopak Terminals Limited (AVTL) announced its financial and operational highlights for the nine months (9M) and third quarter (3Q) of FY26. The company reported a significant increase in revenue, with a 22.3% year-on-year growth to ₹1,975 Mn for 3Q FY26, and a 18.3% increase to ₹5,491 Mn for 9M FY26. Operating EBITDA also saw substantial growth, rising by 23.0% to ₹1,459 Mn in 3Q FY26 and by 18.1% to ₹4,032 Mn in 9M FY26. Profit After Tax (PAT) demonstrated exceptional performance, surging by 62.7% to ₹615 Mn in 3Q FY26 and by 90.0% to ₹1,632 Mn in 9M FY26. The PAT margin improved significantly to 31.15% in 3Q FY26 from 23.41% in the prior year period. Key developments during the period include the commissioning of an 82,000-metric-ton cryogenic LPG terminal at Mangalore Port in June, and the inauguration of a 48,000 metric-ton cryogenic LPG terminal in July 2025 at Pipavav Port. The company also commenced operations of a VLGC berth at Kandla in Q3. Furthermore, AVTL signed a 15-year take-or-pay agreement to manage petroleum products at Pipavav and announced the construction of India's first independent 36,000-MT Ammonia Terminal, expected to be completed by Q1 FY27. An MoU was signed with L&T to develop Ammonia Terminals, and a non-binding MoU to invest approximately ₹20,000 crores in the Vadhavan Port project was also executed. India Ratings upgraded the Group’s outlook to Positive in June 2025. The company also completed the acquisition of a 75% stake in HALPG, adding 25,000 MT of LPG capacity and strategic entry into the East Coast.
