Q1 2025 Aegis Logistics Ltd Earnings Call Transcript
Key Points
- Aegis Logistics Ltd (BOM:500003) achieved a record-breaking Q1 FY25 with the highest ever volumes, EBITDA, profit before tax, and profit after tax in both gas and liquid divisions.
- The company reported an EBITDA of INR250 crores, marking an 18% increase compared to the same quarter last year.
- Profit after tax increased by 19% to INR158 crores in Q1 FY25, driven by continued growth in volumes at the Kandla terminal and full utilization of newly commissioned tanks.
- Aegis Logistics Ltd (BOM:500003) is on track to achieve a 25% CAGR over the next three years, supported by new capacity from greenfield and brownfield expansions.
- The company is committed to sustainable energy infrastructure, with plans to commence construction of its first ammonia terminal in Gujarat during this fiscal year.
- The distribution segment saw a decline in volumes, handling 129,000 metric tonnes in Q1 FY25 compared to 159,000 metric tonnes in Q1 FY24.
- Sourcing volumes also decreased, with sales volume of the sourcing business at 124,000 metric tonnes in Q1 FY25 versus 226,000 metric tonnes in the same quarter last year.
- The financial position, while robust, shows a reliance on continued capital expenditure, with nearly 50% of the INR4,500 crores CapEx program still in progress.
- There are concerns about potential competition from new LPG terminals at JNPT, which could impact volumes at existing ports.
- The company faces uncertainties related to the completion and commissioning of ongoing projects, such as the Kandla-Gorakhpur pipeline and the Mangalore LPG terminal.
Ladies and gentlemen, good day, and welcome to Aegis Logistics Limited Q1 FY25 earnings conference call. The company would like to give a short disclaimer. This call may contain some of the forward-looking statements, which are completely based on the company's beliefs, opinions, and expectations as of today. These statements are not the guarantee of company's future performance and involves unforeseen risks and uncertainties.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Raj Chandaria, Chairman and Managing Director. Thank you, and over to you.
Thank you very much. Good evening, everybody. I'm joined by our Chief Financial Officer, Mr. Murad Moledina, and Ms. Payal Dave from our Investor Relations team, and we will be presenting performance for the quarter one ended June 30, 2024.
So I'm pleased to share the company began FY25 on a strong note, achieving an EBITDA of INR250 crores. We
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