APM Terminals Pipavav reports Revenue growth of 4% in Q1 FY19

Posted by Daily Shipping Times on 10-08-2018        Tweet

MUMBAI : APM Terminals Pipavav (Gujarat Pipavav Port Ltd), announced the standalone financial results for the first quarter ended June 30, 2018.

The company reported a net profit of INR 471 million for Q1FY19 as against INR 557 million in Q1FY18. Revenue from operations for the quarter under consideration stood at INR 1760 million as against INR 1,691 million in Q1FY18.

EBIDTA for the quarter was at INR 914 million as against INR 1,037 million during the same quarter last year. EBIDTA margin stood at 52% in Q1FY19 as against 61% in Q1FY18.

The Container cargo business for the quarter stood at appx. 195k TEUs, Bulk business was at 619k MT and Liquid business was at appx. 160k MT. RoRo business handled appx. 16k cars for the quarter under review.