Gujarat Pipavav Port reports 25% fall in Q4 net profit

Gujarat Pipavav Port has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 25.49% in its net profit at Rs 49.83 crore for the quarter ended March 31, 2016 as compared to Rs 66.88 crore for the same quarter in the previous year. Total income of the company has decreased by 13.28% at Rs 167.46 crore for quarter under review as compared to Rs 193.11 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the company has reported a fall of 38.89% in its net profit at Rs 236.65 crore as compared to Rs 387.28 crore for the same period in the previous year. Total income of company decreased by 24.51% at Rs 684.75 crore for year under review as compared to Rs 907.08 crore for the period ended March 31, 2015. 

For the year ended March 31, 2016, on the consolidated basis, the company has posted a net profit after share of profit of associate of Rs 268.33 crore for the year ended March 31, 2016. Total Income of the company is Rs 684.75 crore for the year ended March 31, 2016.