Latest news with #AegisLogistics
Business Standard
07-08-2025
- Business
- Business Standard
Aegis Logistics consolidated net profit declines 0.13% in the June 2025 quarter
Sales rise 7.37% to Rs 1719.41 crore Net profit of Aegis Logistics declined 0.13% to Rs 131.32 crore in the quarter ended June 2025 as against Rs 131.49 crore during the previous quarter ended June 2024. Sales rose 7.37% to Rs 1719.41 crore in the quarter ended June 2025 as against Rs 1601.34 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1719.411601.34 7 OPM % 13.9514.51 - PBDT 269.62244.52 10 PBT 227.90207.68 10 NP 131.32131.49 0
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Business Standard
31-07-2025
- Business
- Business Standard
RIL, BPCL lead market sell-off; here's why Oil & Gas stocks are falling
Oil & Gas shares: Shares of Oil & Gas related companies came under pressure on Thursday, with the Nifty Oil & Gas index falling as much as 1.71 per cent in early trade. The decline was largely driven by a sharp sell-off amid escalating geopolitical tensions and unfavourable policy developments from the United States. Mukesh Ambani-led Reliance Industries, India's largest company by market capitalisation, dropped 2 per cent, contributing significantly to the sector's weakness. Among the index constituents, only Indraprastha Gas and Aegis Logistics managed to trade in positive territory, while all other 13 stocks were in the red with Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOC) falling the most. As of around 9:35 AM, HPCL was trading lower by 2.74 per cent, while IOC was down 2.10 per cent. Bharat Petroleum Corporation (BPCL) slipped 2.29 per cent, Gujarat State Petronet declined 1.27 per cent, and Adani Total Gas was down by 0.92 per cent. Mahanagar Gas traded lower by 1.35 per cent, GAIL (India) fell by 1.13 per cent, Petronet LNG declined 1.10 per cent, Castrol India was down by 0.97 per cent, Oil India dropped 0.92 per cent, and ONGC declined 0.58 per cent. In contrast, Aegis Logistics and Indraprastha Gas were the only two gainers in the index, trading up by 1.39 per cent and 0.19 per cent, respectively. Why are Oil & Gas shares falling today? The fall in the share prices of Oil & Gas related companies came after the US President Donald Trump announced a 25 per cent tariff on Indian exports, coupled with unspecified penalties on India's continued imports of Russian oil and arms. This raised concerns for Indian refiners and oil marketing companies, as Russian crude now accounts for nearly 45 per cent of India's total oil imports. In a separate announcement, Trump also announced a new energy partnership with Pakistan that would allow the US and Pakistan to jointly explore and develop oil reserves within Pakistan. He further said that Pakistan could potentially export oil to India in the future. Broader markets tumble The impact of these developments was not limited to the Oil & Gas space. Broader market sentiment remained weak as investors reacted to the unfolding geopolitical uncertainty. The BSE Sensex declined by 511.01 points, or 0.61 per cent, to trade at 80,970.85, while the NSE Nifty 50 was down by 148.25 points, or 0.60 per cent, at 24,706.80.
Business Standard
11-07-2025
- Business
- Business Standard
Aegis Logistics sells pipavav LPG terminal to Aegis Vopak Terminals for Rs 428 crore
Aegis Logistics said it has executed a business transfer agreement (BTA) with its associate company, Aegis Vopak Terminals (AVTL), for the transfer of its newly commissioned LPG cryogenic terminal at Pipavav. Shares of Aegis Vopak Terminals fell 2.30% to Rs 255.28 on the NSE. The transaction, completed on 10 July 2025, is structured as a slump sale on a going-concern basis. The terminal, which has a static storage capacity of 48,000 metric tonnes, was commissioned on 3 July 2025. As a result, there was no contribution to turnover or net worth from the unit as of 31 March 2025. The consideration for the transfer is Rs 428.4 crore in cash. The transaction qualifies as a related party transaction but has been executed on an arms length basis. It is outside the scope of a scheme of arrangement and does not fall within the definition of undertaking under SEBI LODR regulations. Aegis Logistics clarified that the move is intended to consolidate LPG terminalling services under Aegis Vopak Terminals Limited, enhancing operational synergies and supporting growing demand at Pipavav Port. There is no change in the shareholding pattern of the company as a result of this transfer. Aegis Logistics is engaged in the import and distribution of liquefied petroleum gas (LPG), as well as the storage and terminalling of LPG, petroleum, oil, and chemical products. The company also undertakes the construction of terminals and allied infrastructure to support its logistics and energy operations. Aegis Vopak Terminals owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.
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Business Standard
24-06-2025
- Automotive
- Business Standard
Ex-date Alert! These 3 stocks to trade ex-date on June 25; do you own any?
Shares of Automobile Corporation of Goa, Aegis Logistics, Elitecon International, and Quest Capital Markets are set to remain in the spotlight today, as they trade ex-date on Wednesday, June 25, following their corporate announcements. According to BSE data, shares of Automobile Corporation of Goa, Aegis Logistics, and Quest Capital Markets will trade ex-dividend date following their announcement of dividend rewards for their shareholders, while Elitecon International will trade ex-date for the stock-split announcement. The ex-date marks the cutoff date for eligibility in corporate actions such as dividend payouts or stock splits. Investors must hold shares prior to this date to be deemed eligible. The companies, however, finalise recipients based on shareholder records as of the close of the record date. Automobile Corporation of Goa Dividend 2025 Automobile Corporation of Goa has informed the exchanges that its board has recommended a final dividend of ₹20 per equity share (i.e. 200 per cent) of face value ₹10 each, for the financial year 2024-25, to the members of the company. The said announcement, however, shall be paid subject to the approval of the members of the company at the forthcoming Annual General Meeting to be held on July 2. The company set the record date on Wednesday, June 25, 2025, for the purpose of determining the entitlement of members to receive the final dividend for the financial year ended March 31, 2025. "The payment of such dividend, if approved by the members at the AGM, shall be distributed amongst the shareholders on or before July 28, 2025, and will be made subject to deduction of tax at source," said Automobile Corporation of Goa in an exchange filing. Quest Capital Markets Dividend 2025 Quest Capital Markets has announced that its board has recommended a dividend of ₹2.5 per equity share (25 per cent) for the financial year ended on March 31, 2025, subject to the approval of shareholders at the ensuing Annual General Meeting to be held on Wednesday, July 2, 2025. The company has set the record date on Wednesday, June 25, 2025, for the purpose of determining the shareholders eligible for voting on the resolutions proposed in the said AGM. Aegis Logistics Dividend 2025 Aegis Logistics has informed the exchanges that its board has considered and approved, inter alia, an interim dividend of 200 per cent, i.e., ₹2 per equity share (face value of ₹1 each) during the financial year 2025-26 and has fixed Wednesday, June 25, 2025, as the record date for the purpose of payment of the interim dividend. The interim dividend shall be paid on or before Friday, July 18, 2025. The company's board has also recommended a final dividend of 600 per cent, i.e., ₹6 per share (face value of ₹1 each) for the financial year ended March 31, 2025, subject to approval by members at the ensuing 68th Annual General Meeting. "Further, the details with respect to the date of the 68th Annual General Meeting, record date for payment of final dividend, and the date of payment of such dividend will be informed in due course," said the company in an exchange filing. Elitecon International Stock-Split Elitecon International has announced the subdivision/split of existing equity shares of the company from 1 equity share having a face value of ₹10 each, fully paid-up, into 10 equity shares having a face value of ₹1 each, fully paid-up. The company has also set the record date on Wednesday, June 25, 2025, for determining the eligibility of shareholders of the company for subdivision/split of existing equity shares. It is worth noting that Elitecon International is under Additional Surveillance Measure (ASM LT: Stage 4) on the BSE.
Business Standard
20-06-2025
- Business
- Business Standard
Aegis Logistics consolidated net profit rises 43.50% in the March 2025 quarter
Sales decline 7.19% to Rs 1705.04 crore Net profit of Aegis Logistics rose 43.50% to Rs 281.67 crore in the quarter ended March 2025 as against Rs 196.29 crore during the previous quarter ended March 2024. Sales declined 7.19% to Rs 1705.04 crore in the quarter ended March 2025 as against Rs 1837.17 crore during the previous quarter ended March 2024. For the full year,net profit rose 16.54% to Rs 663.37 crore in the year ended March 2025 as against Rs 569.21 crore during the previous year ended March 2024. Sales declined 4.00% to Rs 6763.79 crore in the year ended March 2025 as against Rs 7045.92 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1705.041837.17 -7 6763.797045.92 -4 OPM % 23.9816.70 - 16.2313.10 - PBDT 421.72340.69 24 1141.06996.57 14 PBT 381.02307.33 24 988.82861.31 15 NP 281.67196.29 43 663.37569.21 17
