Gujarat Pipavav Port posts disappointing Q4FY16 results

Gujarat Pipavav Port has declared its Q4FY16 results on May 18. The company’s revenue has declined by 14.37 per cent to Rs 161 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has decreased by 11.99 per cent to Rs 99.13 crore in Q4FY16 on a yearly basis. Gujarat Pipavav Port’s EBITDA margin has expanded by 167 basis points, i.e. 61.58 per cent in Q4FY16 as compared to same period in previous fiscal. The company’s PAT has reduced by 20.9 per cent to Rs 49.82 crore in Q4FY16 as compared to same period in previous financial year.Its PAT margin has contracted by 463 basis points to 30.95 per cent in Q4FY16 as compared to same period in previous fiscal.

Gujarat Pipavav Port’s top line has decreased by 23.88 per cent to Rs 660 crore in FY16 as compared to previous financial year. Its EBITDA too has decreased by 25.1 per cent to Rs 375 crore in FY16 on a yearly basis. Gujarat Pipavav Port’s EBITDA margin has contracted by 92 basis points 56.88 per cent in FY16 as compared to previous fiscal year. The company’s bottom line has reduced by 38.89 per cent to Rs 237 crore in FY16 on a yearly basis. Its PAT margin has contracted considerably by 881 basis points to 35.86 per cent in FY16 as compared to previous fiscal year.

The share price of Gujarat Pipavav Port has declined by 1.85 per cent on bourses and closed at 159.2 on an intraday basis.

Gujarat Pipavav Port is engaged in the business of port development and operations at Pipavav Port. The company provides supporting services for water transport. It offers container facilities, storage facilities, bulk cargo facilitie and liquid cargo facilities. Gujarat Pipavav Port also offers maritime services, towage and port control facilities.