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Gujarat Pipavav Port’s Q3 net profit drops 40%

28 Jan 2016 Evaluate

Gujarat Pipavav Port has reported results for third quarter ended December 31, 2015.

The company has reported 40.33% fall in its net profit at Rs 53.30 crore for the quarter ended December 31, 2015 as compared to Rs 89.32 crore for the same quarter in the previous year. The company’s total income has decreased by 9.37% to Rs 171.84 crore for the quarter under review from Rs 189.61 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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