Moneycontrol
Last Updated : May 17, 2018 03:38 PM IST | Source: Moneycontrol.com

Gujarat Pipavav Port slips 4% on weak Q4 numbers

Revenue of the company fell 5 percent to Rs 165.48 crore from Rs 174.57 crore.

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Shares of Gujarat Pipavav Port fell more than 4 percent intraday Thursday as company reported weak set of numbers in the quarter ended March 2018.

The company has registered 26.6 percent decline in its Q4 net profit at Rs 48.58 crore against Rs 66.19 crore, in the same quarter last year.

Revenue of the company fell 5 percent to Rs 165.48 crore from Rs 174.57 crore.

EBITDA or the operating profit was down at Rs 93 crore and margin was at 56 percent.

The company board has recommended a final dividend of Rs 1.70 per share on the equity share of company, subject to approval by the members in the company's annual general meeting scheduled for August 09, 2018.

At 15:15 hrs Gujarat Pipavav Port was quoting at Rs 133.85, down Rs 5, or 3.60 percent on the BSE.

Posted by Rakesh Patil
First Published on May 17, 2018 03:17 pm
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