FCC

Q4: APM Terminals Pipavav net profit reduces by 32%

2024-05-23

For the fourth quarter that concluded in March 2024, APM Terminals Pipavav (Gujarat Pipavav Port Ltd.) reported a 32.35% decrease in consolidated net profit to Rs 0.65 billion. A year prior, the business had declared a profit of Rs 0.97 billion.

In comparison to the same period last year, its operational revenue for the fourth quarter was Rs 2.70 billion, as opposed to Rs 2.50 billion. The firm announced a net profit of Rs 3.42 billion for the fiscal year that concluded in March 2024, an increase of 9.21% over the Rs 3.13 billion recorded for the previous fiscal year. APM Terminals Pipavav is a prominent gateway port in India for containers, liquid bulk, dry bulk, and roll-on/roll-off (RoRo) cargo. It is connected to India's northwest hinterland via rail and road networks.