Aegis Logistics Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 03:01 am EDT
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Aegis Logistics Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 12,348.6 million compared to INR 21,505.2 million a year ago. Revenue was INR 12,792.7 million compared to INR 21,685.1 million a year ago. Net income was INR 1,269.8 million compared to INR 933.9 million a year ago. Basic earnings per share from continuing operations was INR 3.62 compared to INR 2.66 a year ago. Diluted earnings per share from continuing operations was INR 3.62 compared to INR 2.66 a year ago.
For the six months, sales was INR 33,353.9 million compared to INR 43,860 million a year ago. Revenue was INR 34,171.9 million compared to INR 44,901.3 million a year ago. Net income was INR 2,427.9 million compared to INR 1,967.6 million a year ago. Basic earnings per share from continuing operations was INR 6.92 compared to INR 5.61 a year ago. Diluted earnings per share from continuing operations was INR 6.92 compared to INR 5.61 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.