Aegis Logistics Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 02:04 am EST
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Aegis Logistics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 18,733.6 million compared to INR 20,867.4 million a year ago. Revenue was INR 19,180 million compared to INR 21,059.5 million a year ago. Net income was INR 1,301.3 million compared to INR 1,253.4 million a year ago. Basic earnings per share from continuing operations was INR 3.71 compared to INR 3.57 a year ago. Diluted earnings per share from continuing operations was INR 3.71 compared to INR 3.57 a year ago.
For the nine months, sales was INR 52,087.5 million compared to INR 64,727.4 million a year ago. Revenue was INR 53,351.9 million compared to INR 65,960.8 million a year ago. Net income was INR 3,729.2 million compared to INR 3,221 million a year ago. Basic earnings per share from continuing operations was INR 10.62 compared to INR 9.18 a year ago. Diluted earnings per share from continuing operations was INR 10.62 compared to INR 9.18 a year ago.
Aegis Logistics Limited is an India-based integrated oil, gas and chemical logistics company. The Company is engaged in the business of the import and distribution of liquified petroleum gas (LPG) and storage and terminalling facilities for LPG and chemical products. The Companyâs segments include Liquid Terminal Division and Gas Terminal Division. The Liquid Terminal Division undertakes storage and terminalling facility of oil and chemical products. The Gas Terminal Division relates to imports, storage and distribution of petroleum products, such as LPG, propane and others. It has a network of distributors who sell LPG cylinders and appliances to domestic, commercial, and industrial customers. It also owns and operates a network of shore-based tank farm installations for handling of bulk liquids for the petroleum, oil, petrochemical, chemical and vegetable oil industries. The Company has storage facilities at Mumbai, Haldia, Kandla, Pipavav and Mangalore.