Gujarat Pipavav Port Ltd released its operational update for the quarter and nine months ended December 31, 2024, highlighting mixed performance across segments. Liquid handling volumes surged 21.9% year-on-year (YoY) to 0.39 million metric tonnes (MT) in Q3 FY25, up from 0.32 million MT in the same period last year. On a quarter-on-quarter (QoQ) basis, liquid volumes rose by 18.2% from 0.33 million MT in Q2 FY25.
RoRo (Roll-on/Roll-off) volumes also registered strong growth, increasing 51.7% YoY to 44,000 units from 29,000 units in Q3 FY24. However, the company’s container handling volumes declined 12.8% YoY to 177,000 TEUs (twenty-foot equivalent units), compared to 203,000 TEUs in the year-ago period. Sequentially, volumes fell slightly from 179,000 TEUs in Q2 FY25.
Dry bulk handling volumes decreased 4% YoY to 0.72 million MT, down from 0.75 million MT in Q3 FY24. However, QoQ volumes surged 56.5% from 0.46 million MT in the previous quarter. The number of container trains handled dropped 15.8% YoY to 496 in Q3 FY25, compared to 589 trains a year earlier. This figure also declined 3.7% QoQ from 515 trains in Q2 FY25.
‘Containers handled on Train’ volumes were 112,000 TEUs in Q3 FY25, down from 135,000 TEUs in the same period last year and 118,000 TEUs in the preceding quarter. Shares of Gujarat Pipavav Port initially rose, touching an intraday high of ₹187.9 apiece on the BSE. However, the stock pared gains and was trading flat at ₹183.60, down 0.30%, at 2:50 pm.
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