APM Terminals Pipavav consolidated net profit rises 62% to INR 1,096.75 million in Q1 FY24-25
PIPAVAV : APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India reported 62% rise in consolidated net profit at INR 1,096.75 million for the first quarter ended on 30th June 2024, compared to INR 678.26 million in the corresponding period of last year.
Revenue from operations for the first quarter under consideration stood at INR 2,459.76 million as against INR 2,149.18 million in the corresponding period of last year. EBITDA for the quarter is at INR 1,495.39 million as against INR 1,058.42 million in Q1 FY23-24. EBIDTA margin stood at 61% in Q1 FY24-25 as against 49% in Q1 FY23-24.
Liquid volume grew 31.80% to 345,000 MT and volume under Ro-Ro grew to 39,000 units against 14,000 units in the corresponding period of last year. The container volume was 165,000 TEUs; dry bulk volume was 552,000 MT.
Mr. Girish Aggarwal, Managing Director, APM Terminals Pipavav “Our commitment to operational excellence has translated into a significant 62% increase in consolidated net profit in Q1 FY24-25 compared to same quarter last year. This growth is bolstered by a robust rise in revenue and a healthy EBITDA margin. We’ve also witnessed impressive growth in RORO and liquid cargo volume which demonstrates our ability to effectively serve our customer’s needs. Looking ahead, we remain dedicated to continuous improvement and delivering best-in-class services at APM Terminals Pipavav.”
Looking ahead, we remain optimistic about the opportunities in the Indian ports sector. Our investments in technology and infrastructure upgrades are beginning to yield tangible benefits, enhancing our operational efficiency and customer service. We’re also making significant strides in our sustainability initiatives, which we believe will be a key differentiator in the long term.
As we navigate the evolving global trade landscape, APM Terminals Pipavav is well-positioned to capitalize on India’s growing role in international commerce. We remain committed to supporting our customers, contributing to the local economy, and creating long-term value for all our stakeholders.
About APM Terminals Pipavav
APM Terminals Pipavav is one of India’s leading gateway ports for containers, dry bulk cargoes, liquid bulk, and RoRo with excellent connectivity to the India’s northwest hinterland through rail and road network. The current annual cargo handling capacity includes 1.35 million teus of containers, 4 million metric tons of dry bulk, 2 million metric tons of liquid bulk and 250,000 passenger cars. APM Terminals Pipavav is India’s first public private partnership (PPP) port and the first port to be connected to the DFC in India and is a part of the APM Terminals global terminal network.