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Gujarat Pipavav Port declined 3.76 per cent to Rs 260.25 after its cargo volume handled in terms of containers declined to 179,000 TEU for Q2FY25 from 216,000 TEU recorded in second quarter of FY24.
While the company’s dry bulk cargo volume fell 40.26% year-on-year to 0.46 million tonnes, liquid cargo volume increased 6.45% year-on-year to 0.33 million tonnes. tonnes in the second quarter. Cargo volume of ro/ro ships increased to 33,000 units in Q2FY25 from 19,000 units in Q2FY24.
During the period under review, the company handled 515 container trains (down 17.73% year-on-year) and containers handled on trains represented 118,000 TEUs (down 18.62% year-on-year). one year).
Gujarat Pipavav Port has been operating the Pipavav Port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate the APM terminal facilities at Pipavav until September 2028, under a concession agreement with Gujarat Maritime Board and the Government of Gujarat. The company manages four types of cargo: containers, dry bulk, liquid bulk and RoRo.
The company’s standalone net profit jumped 58.76 per cent to Rs 104.64 crore on the back of a 14.45 per cent increase in operational revenue to Rs 245.98 crore in Q1FY25 per compared to the first quarter of FY24.
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First publication: October 7, 2024 | 3:40 p.m. STI