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.