Gujarat Pipavav Port has reported results for fourth quarter ended December 31, 2011.
The company has posted a rise of 142.15% in its net profit to Rs 27.00 crore for the quarter ended December 31, 2011 as compared to Rs 11.15 crore for the same quarter in the previous year. Total income has increased by 32.52% to Rs 115.94 crore for quarter under review as compared to Rs 87.49 crore for the quarter ended December 31, 2010.
Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, which has multi-cargo and multi-user operations. Promoter APM Terminals Mauritius currently holds 57.9% stake in the company, pre issue. Among institutions, IDBI Trusteeship Services and IDBI Bank are the major shareholders with 10.2% and 8.9% stake.
