Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Aegis Logistics H1 FY27: Revenue INR4,570 Cr, EBITDA INR1,184 Cr, PAT INR866 Cr, PAT doubled y-y - Q2 FY27: Revenue INR2,213 Cr, EBITDA INR456 Cr (+32% y-y), PAT INR321 Cr (+32% y-y), EPS INR7.42 (+45% y-y) - Liquid Division H1 EBITDA INR284 Cr (78% margin), Gas Division H1 EBITDA INR900 Cr (+137% y-y) - AVTL Q2 revenue INR271 Cr (+17% y-y), EBITDA INR212 Cr (+22%), PAT INR96 Cr; H1 revenue INR505 Cr (+15%), EBITDA INR392 Cr (+19%) - Capex: $1.2bn by next year, $5bn planned through FY30-31; gearing target max 0.6x - Tristar acquisition: 89.8% stake for $809m, expected close Q4 FY27; transformational for global scale and synergies - LPG logistics volumes up 19% Q2; distribution volumes up 25% Q2, 54% H1 y-y - Market share: >30% of India's LPG static capacity - Ammonia terminal commissioned at Pipavav; 15-year take-or-pay with Hindustan Zinc; EBITDA margin similar to LPG (~INR7,000/ton) - Strong customer relationships and global partnerships expected to enhance growth and synergies - Management confident in sustained growth trajectory and operational performance