APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has announced its financial results for the third quarter ended December 31, 2017.
The company reported a net profit of Rs 500 million for Q3 FY18, as against Rs 645 million in Q3 FY17. Total income for the quarter under consideration stood at Rs 1,627 million as against Rs 1,692 million in Q3 FY17.
EBIDTA for the quarter was at Rs 947 million and EBIDTA margin stood at 58 per cent.
The container cargo business for the quarter stood at 173k TEUs, bulk business was at 550k MT and liquid business was at approximately 324k MT. RoRo business was approximately 30k units for the quarter ended December 31, 2017.
Commented Mr Keld Pederson, MD, GPPL: “While the Q3 FY18 vs Q3 FY17 shows lower numbers, the quarter-on-quarter performance is encouraging. The total income was at Rs 1,627 million as compared to Rs 1,517 million in the previous quarter. EBITDA margins were at 58 per cent as compared to 55 per cent of the previous quarter. Overall, at net profit level, we were at Rs 500 million vs Rs 442 million in the previous quarter.”
