Gujarat Pipavav's Q1FY18 PAT tumbles 15.8% sequentially
DSIJ Intelligence / 10 Aug 2017
Gujarat Pipavav Port Ltd reported its results for the quarter ended June 30, 2017 today.
Gujarat Pipavav Port Ltd reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 169.05 crore, which represents a 3.16 per cent sequential decline and 1.11 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 103.65 crore and its EBIT margin stood at 61.31 per cent.
The company reported PAT of Rs 55.69 crore, which represents a sequential QoQ decline of 15.86 per cent and a YoY decline of 6.79 per cent.
Gujarat Pipavav is engaged in the business of port development and operations at Pipavav Port. The company offers cargo handling facilities for container, bulk, break bulk and liquid cargo.
The company's stock opened today at Rs 136 on the BSE and closed at Rs. 135.75 after touching intra-day high of Rs. 141.60
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