Gujarat Pipavav Port Q3 Results | Net profit falls 14% to ₹99 crore as revenue and margins decline

Gujarat Pipavav Port Ltd on Thursday (February 13) reported a 14.3% year-on-year (YoY) decline in net profit at ₹99.4 crore for the third quarter that ended December 31, 2024.

In the corresponding quarter of the previous fiscal, Gujarat Pipavav Port posted a net profit of ₹116 crore, the company said in a regulatory filing. The company's revenue from operations dipped 2.5% to ₹262.9 crore as against ₹269.6 crore in the corresponding period of the preceding fiscal.

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At the operating level, EBITDA fell 12.9% to ₹138.7 crore in the third quarter of this fiscal over ₹159.3 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 52.8% in the reporting quarter as compared to 59.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Gujarat Pipavav Port is one of India’s leading gateway ports, handling containers, dry bulk, liquid bulk, and RoRo cargo. Strategically located, it offers excellent connectivity to northwest India’s hinterland via an integrated rail and road network.

The port has an annual cargo handling capacity of 1.35 million TEUs for containers, 4 million metric tons of dry bulk, 2 million metric tons of liquid bulk, and 250,000 passenger cars.

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As India’s first public-private partnership (PPP) port and the first port connected to the Dedicated Freight Corridor (DFC), APM Terminals Pipavav is part of the APM Terminals global network.

The results came after the close of the market hours. Shares of Gujarat Pipavav Port Ltd ended at ₹134.65, down by ₹2.35 or 1.72% on the BSE.