Aegis Logistics Q4 FY26: Revenue up 52%, shares +4%

Aegis Logistics Ltd (BOM:500003) reported a sharp rise in revenue and profits for the March 2026 quarter and for FY26, supported by strong performance in its gas business and continued capacity build-out. The company said FY26 revenue from operations rose 23% year-on-year to ₹8,333 crore. Normalized EBITDA increased 36% to ₹1,599 crore, while profit after tax (PAT) grew 41% to ₹1,107 crore. The company also said it crossed the ₹1,000 crore PAT milestone for the first time.

The update came as the board recommended a final dividend of ₹6.70 per share, taking the total dividend for the year to ₹8.70 per share including an interim dividend of ₹2 per share. Separately, the company highlighted infrastructure expansion at multiple ports, including Mumbai, JNPT and Kandla, as it works to add capacity and improve operating flexibility.

Stock reaction: Aegis Logistics gains after results

Aegis Logistics shares rose 4.28% to ₹780 during Monday’s trading session after the Q4 FY26 numbers were reported. The move reflected a positive reaction to strong year-on-year growth in quarterly revenue and profit. The quarter also included a steep sequential improvement in sales and profit in some reported comparisons. Investors also tracked the dividend recommendation and the company’s commentary around business momentum in the gas segment.

Q4 FY26 performance: revenue, profit, and margin

For Q4 FY26, revenue from operations was reported at ₹2,594 crore, up 52% year-on-year from ₹1,705 crore. In the same period, profit after tax was reported at ₹410.37 crore, up 45.69% year-on-year from ₹281.67 crore. Operating profit for the quarter was reported at ₹571.48 crore, a 55.25% year-on-year increase. The operating margin in the quarterly highlights was reported at 22.03%.

The quarter also showed strong sequential momentum in a dataset that compared March 2026 with December 2025. Net sales were reported at ₹2,594.39 crore for March 2026 versus ₹1,725.40 crore in December 2025, a 50.36% rise quarter-on-quarter. Consolidated net profit was reported at ₹410.37 crore versus ₹176.83 crore, a 132.07% sequential increase. In another quarterly comparison table, total revenue for the quarter was shown at ₹2,681.73 crore, which is higher than revenue from operations and indicates inclusion of other income.

EPS trends: sharp improvement in the March quarter

Earnings per share (EPS) also moved higher alongside profit growth. Q4 FY26 EPS was reported at ₹11.69 versus ₹8.02 in the year-ago quarter. A quarterly table also showed diluted normalized EPS at ₹11.69 in March 2026 versus ₹5.04 in December 2025 and ₹5.60 in March 2025, with a 132.04% QoQ change and 45.48% YoY change on that specific dataset. These variations reflect differences in the comparison set and definitions used across summaries, but they consistently point to higher per-share earnings in Q4 FY26.

FY26 results: revenue up 23%, normalized EBITDA up 36%

For FY26, the company reported revenue from operations of ₹8,333 crore, up from ₹6,764 crore in FY25. Normalized EBITDA rose to ₹1,599 crore, up 36% year-on-year. PAT increased to ₹1,107 crore, up 41%, which the company described as the first time it crossed ₹1,000 crore. Consolidated EPS for FY26 was reported at ₹25.59, up from ₹18.90 in FY25.

Some market summaries cited a consolidated net profit of ₹901 crore for FY26 compared with ₹663 crore in FY25, while the company’s stated FY26 PAT figure in the provided financial highlights was ₹1,107 crore. The article data also includes an FY26 net profit figure of ₹1,106.63 crore alongside total income of ₹8,659.79 crore, suggesting different reporting lines such as revenue from operations versus total income. Across these disclosures, the direction is consistent: higher revenue and profit in FY26.

Segment cues: gas strength, liquids mixed

The company linked FY26 profit growth to a surge in the gas business. The gas division’s EBITDA was reported at ₹1,131 crore, up 68% year-on-year, and the company referenced its highest-ever EBITDA and distribution volumes in that division. For Q4 FY26, the company stated net profit rose 43% to ₹455 crore with revenue up 52% to ₹2,594 crore in that specific summary, again highlighting gas volumes.

At the same time, the liquids business showed mixed movement in quarterly profitability. The liquid division’s EBITDA for Q4 FY26 was reported at ₹126 crore, down 38% for the quarter in the cited segment summary. The company also said the liquids division saw sequential quarterly growth in FY26, indicating that performance may have improved during the year even if Q4 segment EBITDA declined versus the comparative period cited.

Cash flow and liquidity: operating inflows and cash balance

Aegis Logistics reported net cash inflow from operating activities of ₹2,028 crore in FY26. Cash and cash equivalents were reported at ₹2,512 crore. These figures matter for a logistics and infrastructure-linked business where expansion projects can be capital intensive and working capital can move with volumes and commodity-linked throughput.

Dividend: ₹6.70 final, ₹8.70 total for FY26

The board recommended a final dividend of ₹6.70 per share for FY26. Combined with the interim dividend of ₹2 per share paid earlier, the total dividend for FY26 was reported at ₹8.70 per share. The final dividend was also described as 670% on the face value of Re 1 per share. Dividend actions tend to be closely watched for companies with steady cash generation, particularly in years where profitability reaches new milestones.

Infrastructure expansion: Mumbai, JNPT, and Kandla

The company said it is advancing infrastructure with significant expansions at multiple ports, including Mumbai, JNPT and Kandla. While the article data does not quantify the capex amounts or capacity additions, it frames the work as aimed at enhancing capacity and operational capabilities. For logistics and terminals businesses, additional capacity and better port connectivity can support volume growth and improve service levels for customers.

Key numbers at a glance

Earnings call and what investors may track next

An earnings call invite for Q4 FY26 was scheduled for Tuesday, June 9, 2026 at 4:00 P.M., according to the provided update. Investors typically use such calls to track volume trends, segment margins, and timelines for capacity additions. For Aegis Logistics, commentary on gas distribution volumes, liquids segment profitability, and progress at Mumbai, JNPT and Kandla will be central datapoints. Investors will also monitor how operating cash flows translate into funding for ongoing expansion.

Conclusion

Aegis Logistics reported a strong FY26 with revenue from operations of ₹8,333 crore, normalized EBITDA of ₹1,599 crore, and PAT of ₹1,107 crore, alongside a sharp year-on-year rise in Q4 FY26 revenue to ₹2,594 crore. The stock gained 4.28% after the results, and the board recommended a ₹6.70 final dividend, taking the total FY26 dividend to ₹8.70 per share. With port expansions underway and gas segment indicators cited as strong, the next key checkpoint is management commentary on the scheduled June 9 earnings call and updates on project execution.