Quarterly Results: Gujarat Pipavav Port Ltd

Technical View: 

Gujarat Pipavav Port Ltd., is currently trading at Rs. 165.75, down by 3.7 points or 2.18% from its earlier closing of Rs. 169.45 on the BSE.

The scrip touched a high and low of Rs. 173.95 and Rs. 162.1 respectively, after opening at 171.6. In totality 926795 (NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.

Standalone Results Q2FY17: (Rs. in crore)


***EBITDA margin change in bps

Bloomberg estimates were below Gujarat Pipavav Port’s actual Q2FY16 standalone revenue . Revenue has come in 3% higher than the estimated figure of Rs 167 cr. EBITDA has come in 28% higher than the Rs 77 cr estimate. The company's net profit has beaten the estimate of Rs 56 cr by 5.5%.

Revenue for the quarter has surged 15.6% yoy to Rs 172 cr.

Gujarat Pipavav's reported EBITDA has surged by 29.2% yoy to Rs 99 cr driven by a 606 bps increase in EBITDA margins yoy to 57.3%. This was heralded by employee benefit costs decreasing by 9.8% yoy.

The company's net profit has come in at Rs 59 cr showing a 29.7% yoy increase on the adjusted numbers for the previous year’s corresponding quarter.