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Gujarat Pipavav Port reports 41% fall in Q2 net profit

29 Oct 2015 Evaluate

Gujarat Pipavav Port has reported results for second quarter ended September 30, 2015.

The company has reported 40.67% fall in its net profit at Rs 53.11 crore for the quarter ended September 30, 2015 as compared to Rs 89.52 crore for the same quarter in the previous year. The company’s total income has decreased by 17.45% to Rs 156.27 crore for the quarter under review from Rs 189.31 crore for the corresponding quarter of the previous year.

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations.

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