Consolidated EBITDA at INR 5,730.53 million, growth of 14% against INR 5,021.41 million in FY23
The profit for the whole year stood at INR 3,409.83 million against INR 3,138.15 million
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India reported a net profit growth of 9% to INR 3,409.83 million in FY24 as compared to INR 3,138.15 million in FY23. Revenue for the fiscal year stood at INR 9,884.29 million as against INR 9,169.50 million last year, a rise of 8%.
Consolidated EBITDA at INR 5,730.53 million, growth of 14% against INR 5,021.41 million in FY23. EBIDTA margin stood at 58% in FY24 as against 55% in FY23.
The container cargo business for the year stood at 808,000 TEUs; Dry bulk volume was 2.71 Mln MT; liquid volume was 1.29 Mln MT; while 97,000 units were handled under RoRo category. The Port handled 2286 container trains during the year as against 1921 handled in FY23. For the full year, container cargo business grew 6% to 808,000 TEUs.
Mr. Girish Aggarwal, Managing Director, APM Terminals Pipavav, commented, “Our commitment to operational excellence has translated into a significant 9% increase in consolidated net profit, reaching INR 3,409.83 million. This growth is bolstered by a robust rise in revenue and a healthy EBITDA margin. We’ve also witnessed impressive growth in RORO volume, liquid cargo and container cargo, and, demonstrating our ability to effectively serve our customer’s needs. Looking ahead, we remain dedicated to continuous improvement and delivering best-in-class services at APM Terminals Pipavav.”
