Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Premium

Premium: Aegis Logistics Results Show A Promising Two Years Ahead With Throughput and Capacity Expansions

Aegis Logistics had an interesting quarter. While the EPS was "down" (from 1.17 in December 2014 down to 0.9 now) the reason is that there was a 30 cr. gain in the Dec 14 quarter when they sold stake in a subsidiary. (They sold 40% in their Singapore subsidiary to ITOCHU Petroleum)

They made a profit of Rs. 36 cr. versus Rs. 25.6 cr. if you ignore that, so they seem to have done very well.

In the first nine months, they have made Rs. 82 cr. of profit, which, if you net out the one time gain, will show a 39% increase year on year. 

If you're new to Aegis - they do liquid and gas logistics at ports. They have operations in Kochi, Mumbai, Pipavav and Haldia. They are expanding to Kandla, and have space in Mangalore as well. They also have a retail gas distribution network in 7 states, commercial LPG operations and also sourcing/handling abroad through a Singapore subsidiary.

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial