APM Pipavav reports Rs 1,590 mn revenue & Rs 481 mn profit in Q1 FY21

August 7, 2020: APM Terminals Pipavav (Gujarat Pipavav Port) reported 13 percent decline in consolidated net profit at Rs 481 million for the first quarter ended June 30, 2020 compared to Rs 550 million for the corresponding quarter of last year and 10 percent fall in revenues at Rs 1,590 million as against Rs 1776 million.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) fell to Rs 955 million as compared to Rs 1024 million in Q1 FY20.

EBIDTA margin stood at 60% in Q1 FY21 as against 58 percent in Q1 FY20; while net profit margin was at 30% during April - June quarter as compared to 31 percent in Q1 FY20.

From April to June 2020, the port handled 622 container trains against 556 trains last year. The port handled 1,86,000 TEUs (twenty-foot equivalent units) down from 2,21,000 TEUs in Q1FY20. Volume under dry bulk shipments stood at 0.41 million metric tonnes against 0.51 million MT last year. The liquid cargo business was stable at 0.21 million MT.