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Business News/ Markets / Stock Markets/  Aegis Logistics Q4 results: Net profit zooms 48% YoY to Rs. 140 Cr, Board recommends 125% dividend

One of India's largest importers and handlers of LPG, Aegis Logistics Ltd. is a leader in integrated oil, gas and chemical logistics. During Tuesday's closing session, the mid cap company ended on a positive note and registered a market cap of 12,962.43 Cr. 

The Board of Directors approved “Recommendation of Final dividend @ 125% i.e. Rs. 1.25/- per share (face value of Re.1 each) for the financial year ended March 31, 2023, subject to approval of members at the Annual General Meeting," said Aegis Logistics in a stock exchange filing.

During Q4FY23, the company recorded consolidated revenue from operations of 2,154.47 Cr up by 2.42% YoY from Rs. 2,103.58 Cr in Q4FY22. Aegis Logistics said its consolidated net profit stood at Rs. 140.86 Cr during the quarter ended March 2023 up by 48.66% from Rs. 94.75 Cr during the quarter ended March 2022. Aegis Logistics EPS has climbed to Rs. 4.01 from Rs. 2.70 and the company said EBITDA stands at Rs. 266.20 Cr during the quarter under review up 70.01% from Rs. 156.58 Cr recorded in the corresponding quarter of the previous financial year.

Aegis Logistics has declared and paid 1st interim dividend of 150% i.e. Rs.1.50 per share of face value of Re.1 each to the shareholders of the Company as on record date August 23. 2022, 2nd interim dividend of 100% i.e. Re. 1 per share of face value of Re.1 each to the shareholders of the company as on record date September 23 2022 and 3rd interim dividend of 200% i.e. Rs. 2 per share of face value of Re. 1 each to the shareholders of the company as on record date November 16, 2022.

The shares of Aegis Logistics closed on the BSE at 369.30 apiece up by 2.20% from the previous close of 361.35. The stock touched a 52-week-high of 410.20 on (25/04/2023) and a 52-week-low of 197.75 on (20/06/2022). 

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Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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Updated: 30 May 2023, 04:54 PM IST
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