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).