Gujarat Pipavav Port Ltd: Q3FY17 results.
Bhagyashree Vivarekar / 01 Feb 2017
The total sales of the company for Q3FY17 were Rs 169.16 crore, which represented a 1.75 per cent sequential decline and 2.48 per cent YoY increase.
Gujarat Pipavav Port Ltd. declared its results for the quarter ended December 31, 2016 today.
The total sales of the company for Q3FY17 were Rs 169.16 crore, which represented a 1.75 per cent sequential decline and 2.48 per cent YoY increase.
The company's operating profit (EBIT) for the quarter was Rs 76.86 crore and its EBIT margin was 45.44 per cent.
The company's PAT of Rs 64.54 crore represented a sequential QoQ increase of 8.63 per cent and a YoY increase of 18.01 per cent.
The company's stock opened for trading at Rs 140.75 on the BSE, and rose 1.3 per cent after the results were declared. The stock is closed for the day at Rs 141.35.
Gujarat Pipavav Ports Ltd is managed and operated by APM Terminals. Port Pipavav is a public-private enterprise and a gateway port on the West coast of India for containers, bulk and liquid cargo.