Net profit of Aegis Logistics rose 46.89% to Rs 40.41 crore in the quarter ended June 2017 as against Rs 27.51 crore during the previous quarter ended June 2016. Sales rose 15.79% to Rs 856.03 crore in the quarter ended June 2017 as against Rs 739.29 crore during the previous quarter ended June 2016.

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Net profit of Aegis Logistics rose 70.11% to Rs 21.23 crore in the quarter ended June 2017 as against Rs 12.48 crore during the previous quarter ended June 2016. Sales rose 22.30% to Rs 112.41 crore in the quarter ended June 2017 as against Rs 91.91 crore during the previous quarter ended June 2016.

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Aegis Logistics will hold a meeting of the Board of Directors of the Company on 5 September 2017.

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The announcement was made after market hours yesterday, 6 June 2017.

Meanwhile, the S&P BSE Sensex was up 129.40 points or 0.41% at 31,319.96. The S&P BSE Mid-Cap index was up 68.90 points, or 0.47% at 14,801.29.

On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 1.02 lakh shares in the past one quarter. The stock hit a high of Rs 210 and a low of Rs 206.10 so far during the day. The stock had hit a record high of Rs 219.50 on 1 June 2017. The stock had hit a 52-week low of Rs 112.10 on 17 August 2016.

The stock had outperformed the market over the past one month till 6 June 2017, rising 7.96% compared with the Sensex's 4.46% rise. The scrip, however, underperformed the market over the past one quarter, advancing 3.4% as against the Sensex's 7.38% rise. The scrip, however, outperformed the market over the past one year, surging 73.05% as against the Sensex's 16.48% rise.

The small-cap company has equity capital of Rs 33.40 crore. Face value per share is Re 1.

Aegis Logistics said that the company has entered into a share subscription agreement with its subsidiary Aegis Gas (LPG) (AGPL) and AGPL's subsidiary Hindustan Aegis LPG (HALPG), and Itochu Petroleum Co., (Singapore) Pte. (Itochu), with respect to the subscription by Itochu to equity shares of HALPG representing 19.7% of the paid-up share capital of HALPG.

The company does not directly hold any shares in HALPG, Aegis Logistics said. However, AGPL is a wholly owned subsidiary of the company, and HALPG is a wholly owned subsidiary of AGPL, it said. Therefore, HALPG is a step-down subsidiary of the company, it added.

Aegis Logistics' consolidated net profit fell 5.61% to Rs 29.77 crore on 190.13% surge in net sales to Rs 1267.78 crore in Q4 March 2017 over Q4 March 2016.

Aegis Logistics is India's leading oil, gas, and chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.

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