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This Article is From Nov 02, 2020

Motilal Oswal: Aegis Logistics’ Liquids Division Supports In Q2, Gas Logistics Revive

Motilal Oswal: Aegis Logistics’ Liquids Division Supports In Q2, Gas Logistics Revive
Oil storage tanks. (Source: Company Website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Aegis Logistics Ltd. reported a slight beat in Q2 Ebitda due to continued strong performance by the liquids division and revival in the gas logistics business.

Sourcing business remains the most affected, while the distribution segment is expected to take some more time to return to normalised levels (the company expects two more quarters for this).

Development of all projects is on track; however, guidance for volume boost is delayed further by a quarter to Q4 FY21.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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