APM Terminals Pipavav Q1FY2025 consolidated net profit up 62%
Revenue from operations stood at Rs 246 crore, an increase of 14%
APM Terminals Pipavav (Gujarat Pipavav Port), one of the leading gateway ports in Western India, reported a 59 percent rise in consolidated net profit at Rs 110 crore for the first quarter ended June 30, 2024, compared to Rs 68 crore in the corresponding period last year.
Revenue from operations for the first quarter came in at Rs 246 crore as against Rs 215 crore in Q1FY2024, an increase of 14 percent, says an official release.
"EBITDA for the quarter is at Rs 149 crore, and EBITDA margin stood at 61 percent."
Liquid volume increased 32 percent to 345,000 tonnes and Ro-Ro volume was at 39,000 units as against 14,000 units in the corresponding period of last year. The container volume was 165,000 TEUs, and dry bulk volume was 552,000 tonnes.
Girish Aggarwal, Managing Director, APM Terminals Pipavav says: “Our commitment to operational excellence has translated into a significant 62 percent increase in consolidated net profit in Q1FY24-25 compared to the same quarter last year. This growth is bolstered by a robust rise in revenue and a healthy EBITDA margin. We've also witnessed impressive growth in RoRo and liquid cargo volume, which demonstrates our ability to effectively serve our customers' needs. Looking ahead, we remain dedicated to continuous improvement and delivering best-in-class services at APM Terminals Pipavav.
"Looking ahead, we remain optimistic about the opportunities in the Indian ports sector. Our investments in technology and infrastructure upgrades are beginning to yield tangible benefits, enhancing our operational efficiency and customer service. We're also making significant strides in our sustainability initiatives, which we believe will be a key differentiator in the long term.
"As we navigate the evolving global trade landscape, APM Terminals Pipavav is well-positioned to capitalise on India's growing role in international commerce. We remain committed to supporting our customers, contributing to the local economy, and creating long-term value for all our stakeholders."