APM Terminals Pipavav posts Rs 552 million profit for Q2 FY2019

The company has reported a net profit of Rs 552 million for Q2 FY2018-19 as against Rs 442 million in Q2 FY2017-18. Revenue from operations for the quarter under consideration stands at Rs 1,711 million as against Rs 1,517 million in Q2 FY2018.

EBIDTA for the quarter was at Rs 975 million as against Rs 828 million during the same quarter last year. In Q2 FY2019, the EBITDA margin stood at 57 per cent as against 55 per cent in Q2 FY2018.

The container cargo business for the quarter stood at nearly 238,000 TEUs, bulk business was at 532,000 MT, and liquid business was at approximately 93,000 MT. The roll-on, roll-off (RoRo) business handled close to 22,000 cars for the quarter under review.

Commenting on the results, Keld Pedersen, Managing Director, APM Terminals Pipavav, said, ?The company has registered YoY growth in profit by 25 per cent and EBITDA by 18 per cent on the back of increase in container volume by 49 per cent; which is higher than the 14 per cent growth on the west coast ports.?

He further shared, ?Our focus remains on providing value added services to our customers and we thank each one of them for posing their trust in us. We are pleased to announce an interim dividend of Rs.1.70 per share.?