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Aegis Vopak Terminals reported a 2.3% year-on-year decline in net profit to ₹86.6 crore for the quarter, compared with ₹88.6 crore in the corresponding period last year.
Revenue from operations rose 16.6% year-on-year to ₹271 crore from ₹232 crore, according to the company's exchange filing.
EBITDA increased 20.2% to ₹197 crore from ₹163.7 crore a year earlier. The EBITDA margin expanded to 72.6% from 70.5% in the year-ago quarter.
The Liquid Terminal Division reported revenue of ₹128.88 crore, compared with ₹106.03 crore in the corresponding period last year. Segment results rose to ₹72.99 crore from ₹46.58 crore.
The Gas Terminal Division recorded revenue of ₹141.96 crore, up from ₹126.19 crore a year earlier. Segment results increased to ₹88.96 crore from ₹59.81 crore.
Shares of Aegis Vopak Terminals were trading 0.29% higher at ₹243.40 on the NSE at 2:33 pm. The stock has declined 15.4% over the past month and 3.5% so far this year.
Signs ₹142.5 crore agreement for propane storage tank
Earlier in August, Aegis Logistics signed a framework agreement with its subsidiary, Aegis Vopak Terminals (AVTL) to construct an additional refrigerated propane storage tank and allied facilities at the JNPA tank farm area.
The agreement is valued at ₹142.5 crore. Under its terms, Aegis Logistics will receive ₹142.5 crore from AVTL upon execution of the framework agreement.
The proposed facility will include a refrigerated, insulated propane storage tank with a double-steel-wall, full-containment design and a capacity of 51,998 metric tonnes.
