PIPAVAV: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India reported 89% rise in consolidated net profit at INR 843.6 million for the third quarter ended December 31, 2022......compared to INR 446.0 million in the corresponding period of last year.
Revenue from operations for the third quarter under consideration stood at INR 2,505.68 million as against INR 1,685.61 million in the corresponding period of last year. EBITDA for the quarter was at INR 1,467.1 million as against INR 875.3 million in Q3FY22. EBIDTA margin stood at 58.5% in Q3FY23 as against 51.9% in Q3FY22.
For the nine months ended December 31, 2022, the Company reported net profit of INR 2,158.2 million, growth of 75.6% compared to INR 1,229.1 million in 9M FY22.
Revenue for the 9M FY23 stood at INR 6,859.5 million as against INR 5,228.8 million in 9M FY22.
The container cargo business for the quarter stood at 191,474 TEUs, showing a robust growth of 21.8% YoY.
Dry bulk volume was 0.99 million MT; liquid volume handled was 0.34 million MT; while 10,620 units were handled under RoRo category. The Port handled 464 container trains during the quarter as against 495 handled in Q3FY22. For the nine months, container cargo business grew 21.64% to 564,708 TEUs.
