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GPPL Q2 net profit jumps 25 pc to Rs 55 cr

The company had posted a net profit of Rs 44.2 crore in the year-ago period, it said in a regulatory filing.

October 31, 2018 / 09:18 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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Gujarat Pipavav Port (GPPL) reported a 25 percent jump in its standalone net profit to Rs 55.3 crore in the second quarter ended September 30, 2018.

The company had posted a net profit of Rs 44.2 crore in the year-ago period, it said in a regulatory filing.

During the July-September quarter, the company's total income also rose to Rs 186 crore from Rs 163 crore during the same period a year ago.

Its expenses were at Rs 100.9 crore during the said quarter, higher from Rs 94 crore during the corresponding period of last fiscal, the company said.

Shares of the company on October 31 ended 1.18 percent up at Rs 100.30 apiece on the BSE.
PTI
first published: Oct 31, 2018 09:01 pm

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