APM Pipavav net profit rises 14% to ₹67.8 crore in Q1 FY24
Revenue from operations stood at ₹214 crore, higher by 4 percent as compared to ₹206 crore in Q1FY23.
APM Terminals Pipavav (Gujarat Pipavav Port) reported 14 percent rise in consolidated net profit at ₹67.8 crore for the first quarter ended on 30th June 2023, compared to ₹59 crore in the corresponding period of last year.
Revenue from operations for the first quarter under consideration stood at ₹214 crore as against ₹206 crore in the corresponding period of last year. EBITDA for the quarter is at₹105 crore as against ₹111 crore in Q1FY23. EBIDTA margin stood at 49 percent in Q1FY24 as against 54 percent in Q1FY23.
The container volume grew 7 percent to 199,000 TEUs; dry bulk volume fell 28 percent to 0.67 million MT; liquid volume grew 29 percent to 0.26 million MT and volume under Ro-Ro grew 118 percent to 14,000 units against 6,000 units in the corresponding period of last year. Container trains handled during the quarter rose 10 percent to 523 from 473 in Q1 FY23
