Mumbai, Maharashtra, India
Q1FY17 performance vs. Q1FY16
– Total income at INR 1672 million vs. INR 1846 million
– EBITDA at INR 1002 million vs. INR 986 million
– EBITDA margin at 60% vs. 53%
– Net Profit at INR 598 million vs. INR 372 million
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), today announced the standalone financial results for the first quarter ended June 30, 2016.
The company reported a net profit of INR 598 million for Q1FY17 as against INR 372 million in Q1FY16. Profit from operations for the quarter under consideration stood at INR 751 million as against INR 746 million in Q1FY16.
EBIDTA for the quarter was at INR 1002 million and EBIDTA margin stood at 60%.
The Container cargo business for the quarter stood at appx. 172k TEUs, Bulk business was at 600k MT and Liquid business was at appx. 128k MT. RoRo business was appx. 11k units for the quarter under review.
Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd), Managing Director, Mr. Keld Pedersen said: “The business environment remained challenging in the quarter gone by. However, better utilisation of resource and efficiency has fared well for the company. We are pleased to announce that shareholders have approved for the payment of the maiden dividend of Rs.1.90 per equity share, in the Annual General Meeting held today.”
About APM Terminals Pipavav
APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is a part of the APM Terminals Global Terminal Network of 72 operating ports, terminal facilities and 135 Inland services, employing 20,600 professionals across 69 countries around the world. APM Terminals designs, builds and operates ports and inland services. The world’s leading brands and shipping lines rely upon APM Terminals to ensure their supply chains and global network succeed in all markets.
APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is India’s first Public Private Partnership (PPP) Port in India having excellent connectivity to the Gujarat Region and the Northern hinterlands of India. It serves as a gateway for movement of containers, bulk, liquid and RORO cargo.