Company Update : Aegis Logistics Ltd By Motilal Oswal Financial Services Ltd
Miss on EBITDA and PAT
* EBITDA came in 20% below our estimate, at INR2.3b (+10% YoY and +4% QoQ).
* PAT also came in 15% below our estimate, at INR1.2b. However, other income was above our estimate.
* In 9MFY25, EBITDA increased 12% YoY to INR6.9b, while revenue/PAT remained flat YoY at INR50.6b/3.8b.
* In 3QFY25, standalone revenue stood at INR6.7b (-19% YoY, +2% QoQ).
* Standalone PAT came in at INR658m (-38% YoY, -9% QoQ).
Segmental performance in 3QFY25
* The Liquids division revenue was INR1.4b (+9% YoY, +4% QoQ), and EBIT was INR720m (+12% YoY, +3% QoQ).
* The Gas division revenue stood at INR15.7b (-10% YoY, -3% QoQ), and EBIT was INR1.4b (+4% YoY, +7% QoQ).
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