APM Terminals Pipavav (Gujarat Pipavav Port Ltd) today announced the financial results for the quarter ended June 30, 2019.
The company reported a net profit of INR 564 million for Q1FY20 as against INR 471 million in Q1FY19. Revenue from operations for the quarter under consideration stood at INR 1,776 million as against INR 1,760 million in Q1FY19.
EBIDTA for the quarter was at INR 1,024 million as against INR 914 million during the same quarter last year. EBIDTA margin stood at 58% in Q1FY20 as against 52% in Q1FY19.
The container cargo business for the quarter stood at appx. 221K TEUs, Bulk business was at 0.51 MMT and Liquid business was at appx. 0.2 MMT. RoRo business handled appx. 15K cars for the quarter under review.
Business highlights and developments at APM Terminals Pipavav for the quarter:
- Trade meets were organized in Mumbai and Delhi
- CMA CGM started weekly scheduled block train from Port Pipavav.
