APM Terminals Pipavav reports Net Profit of Rs. 557 mn in Q1 FY 2018

Posted by Daily Shipping Times on 11-08-2017        Tweet

MUMBAI: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), recently announced the standalone financial results for the first quarter ended June 30, 2017. The company reported a net profit of INR 557million for Q1FY18 as against INR 598 million in Q1FY17.

Income from operations for the quarter under consideration stood at INR 1,691million as against INR 1,672 million in Q1FY17.

EBIDTA for the quarter was at INR 1,037million as against INR 1,002 million during the same quarter last year. EBIDTA margin stood at 61% in Q1FY18 as against 60% in Q1FY17

The Container cargo business for the quarter stood at appx. 165k TEUs, Bulk business was at 505k MT and Liquid business was at appx.213k MT. RoRo business handled appx.26k cars for the quarter under review.