Gujarat Pipavav Port announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Gujarat Pipavav Port declined 18.19% to Rs 75.49 crore in the quarter ended September 2024 as against Rs 92.28 crore during the previous quarter ended September 2023. Sales declined 10.12% to Rs 227.04 crore in the quarter ended September 2024 as against Rs 252.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales227.04252.61 -10 OPM %58.3959.63 - PBDT155.55170.88 -9 PBT126.42142.09 -11 NP75.4992.28 -18 Powered by Capital Market - Live

Profit before tax stood at Rs 126.42 crore in second quarter of FY25, down 13.20% from Rs 145.65 crore in corresponding quarter last year. Total expenses declined 5.81% to Rs 125.20 crore in Q2 FY25 over Q2 FY24. Operating expenses stood at Rs 37.19 crore (down 20.51% YoY), employee benefits expense was Rs 21.21 crore (up 6.85% YoY) and finance costs was at Rs 1.59 crore (down 26.38% YoY) during the period under review. On half year basis, the company's net profit jumped 15.65% to Rs 185.16 crore on 1.17% rise in revenue from operations to Rs 473.01 crore in H1 FY25 over H1 FY24. Meanwhile, the company's board declared an interim dividend of Rs 4 per share for financial year 2024-25. The dividend amount is likely to be paid to the eligible Members by 3 December 2024. Further, the board appointment of Clint Carmichael as chief operating officer (COO) of the company for a period of 3 years from 1 December 2024. Carmichael is part of the Senior Management of the company. Gujarat Pipavav Port has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with Gujarat Maritime Board and the government of Gujarat. The company handles four cargo types: container, dry bulk, liquid bulk, and RoRo. Shares of Gujarat Pipavav Port rose 0.86% to Rs 194.45 on the BSE. Powered by Capital Market - Live

Gujarat Pipavav Port will hold a meeting of the Board of Directors of the Company on 6 November 2024.Powered by Capital Market - Live

While the company's dry bulk cargo volume tumbled 40.26% YoY to 0.46 million MT, liquid cargo volume rose 6.45% YoY to 0.33 million MT in the second quarter. The cargo volume of roll-on/roll-off ships zoomed to 33,000 units in Q2 FY25 as against 19,000 units in Q2 FY24. During the period under review, the company handled 515 container trains (down 17.73% YoY) and the containers handled on train were 118 thousand TEUs (down 18.62% YoY). Gujarat Pipavav Port has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with Gujarat Maritime Board and the government of Gujarat. The company handles four cargo types: container, dry bulk, liquid bulk, and RoRo. The company's standalone net profit jumped 58.76% to Rs 104.64 crore on 14.45% rise in revenue from operations to Rs 245.98 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Revenue from operations grew by 14.45% year on year (YoY) to Rs 245.98 crore in quarter ended 30 June 2024. Profit before exceptional items and tax stood at Rs 140.39 crore in first quarter of FY25, up 50.6% from Rs 93.22 crore in corresponding quarter last year. Total expenses declined 9.36% to Rs 127.18 crore in Q1 FY25 over Q1 FY24. Operating expenses stood at Rs 41.67 crore (down 0.67% YoY), employee benefits expense was Rs 20.77 crore (up 4.21% YoY) and finance costs was at Rs 1.69 crore (down 33.2% YoY) during the period under review. Gujarat Pipavav Port has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with Gujarat Maritime Board and the government of Gujarat. The company handles four cargo types: container, dry bulk, liquid bulk, and RoRo. Powered by Capital Market - Live

Net profit of Gujarat Pipavav Port rose 61.70% to Rs 109.68 crore in the quarter ended June 2024 as against Rs 67.83 crore during the previous quarter ended June 2023. Sales rose 14.45% to Rs 245.98 crore in the quarter ended June 2024 as against Rs 214.92 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales245.98214.92 14 OPM %60.7949.25 - PBDT172.85123.83 40 PBT143.7995.14 51 NP109.6867.83 62 Powered by Capital Market - Live

Gujarat Pipavav Port will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live