Tuesday 03 10 2023 06:40:57 AM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports financial performance for Q3Y22
Dr.G.R.Balakrishnan Feb 14 2022 Container Terminal News

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports financial performance for Q3Y22

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the financial results for the third quarter ended December 31, 2021. The company reported a net profit of INR 437.64 million for Q3FY22 as against INR 543.27million in Q3FY21. Revenue from operations for the quarter under consideration stood at INR 1,685.61 million as against INR 1,984.00 million in Q3FY21. EBITDA for the quarter was at INR 866.94 million as against INR 1,100.21 million during the same quarter last year.

 EBIDTA margin stood at 51% in Q3FY22 as against 55% in Q3FY21.

For the nine-months, the Company reported net profit of INR 1,212.03 million compared to INR 1,527.02 million in the corresponding period of last year. Revenue from operations for the period reduced 3% to INR 5,228.78 million. EBITDA was INR 2,836.08 million as against INR 3,084.26 million in the nine-month period that ended Dec 31, 2020

The container cargo business for the quarter stood at 157,256 TEUs, bulk business was 0.67 MT and liquid business was 0.24 MT.

7,359 cars were handled under RoRo category for the quarter under review