Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessEarnings

Gujarat Pipavav Port Q4 net profit down 7% to Rs 47.2 crore

Operating income declined by 10 per cent during the quarter under review to Rs 161.9 crore as against Rs 180.1 crore in the year-ago period.

June 09, 2020 / 09:35 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Gujarat Pipavav Port (APM Terminals Pipavav) on Tuesday reported a 6.7 per cent decline in net profit at Rs 47.2 crore for the quarter ended March 31, 2020. The port had clocked a net profit of Rs 50.6 crore in the fourth quarter of fiscal 2018-19, it said in a regulatory filing to the BSE.

Operating income declined by 10 per cent during the quarter under review to Rs 161.9 crore as against Rs 180.1 crore in the year-ago period.

Total expenses declined 24 per cent to Rs 61.5 crore as against Rs 80.6 crore in the year-ago quarter.

However, the company posted a 42 per cent rise in net profit at Rs 291.1 crore for fiscal year 2019-20.

APM Terminals Pipavav is located in Gujarat, 152 nautical miles from Nhava Sheva in Mumbai.

It currently has a capacity to handle up to 1.35 million TEUs of containers, 4 to 5 million tonnes of dry bulk cargo, 2 million tonnes of liquid cargo and about 2,50,000 cars per year.

PTI
first published: Jun 9, 2020 09:33 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347