Gujarat Pipavav Q4 net profit doubles to Rs 77 cr

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Gujarat Pipavav Port's net profit more than doubled to Rs 77 crore during October-December period as against Rs 36 crore in a year-ago period.

The company said the profitability was led by higher container volumes, better realisation, PRCL dividend, impairment write back and lower finance cost.

The company follows calendar year as the financial year.

Total income grew 22.2 percent to Rs 145.2 crore on account of higher container volumes and better realisation while total expenses increased 3.5 percent to Rs 78.5 crore compared to same quarter last year.

Container volume of the company jumped 18 percent sequentially (24 percent year-on-year) to 1,93,729 TEUs (20 foot equivalent units) during the quarter, highest ever quarterly performance.

Earnings before interest, tax, depreciation and amortisation or operating profit shot up 47.4 percent year-on-year to Rs 84 crore and operating profit margin expanded 970 basis points to 57.5 percent during the fourth quarter of 2013.

Gujarat-based port services provider reported an exceptional loss of Rs 16.4 crore after considering impairment reversal, depreciation charge on impairment reversal and assets written off.

For the year ended December 31, 2013, net profit of the company rose 159 percent to Rs 191.8 crore on revenues of Rs 517.9 crore (growth of 24.5 percent) compared to previous year.

At 13:54 hours IST, the stock surged 4.15 percent to Rs 66.50 amid large volumes on the BSE.