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APM Terminals Pipavav announced its standalone financial performance for quarter ended Sept 30, 2018

BSN Network / Mumbai
Date: 05/11/2018

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the standalone financial results for the second quarter ended September 30, 2018.
The company reported a net profit of INR 552 million for Q2FY19 as against INR 442 million in Q2FY18. Revenue from operations for the quarter under consideration stood at INR 1,711 million as against INR 1,517 million in Q2FY18.
EBIDTA for the quarter was at INR 975 million as against INR 828 million during the same quarter last year. EBIDTA margin stood at 57% in Q2FY19 as against 55% in Q2FY18.
The Container cargo business for the quarter stood at appx. 238 k TEUs, Bulk business was at 532 k MT and Liquid business was at appx. 93 k MT. RoRo business handled appx. 22 k cars for the quarter under review.
 Commenting on the results, APM Terminals Pipavav, Managing Director, Mr. Keld Pedersen said, “The company has registered YoY growth in profit by 25% and EBITDA by 18% on the back of increase in container volume by 49%; which is higher than the 14% growth on the west coast ports. Our focus remains on providing value added services to our customers and we thank each one of them for posing their trust in us. We are pleased to announce an interim dividend of Rs.1.70/- per share”.

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