Gujarat Pipavav Port Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Gujarat Pipavav Port Ltd reported a 13.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.4%.
- Its expenses for the quarter were up by 24.5% QoQ and 10.1% YoY.
- The net profit increased 31.6% QoQ and decreased 14.4% YoY.
- The earnings per share (EPS) of Gujarat Pipavav Port Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 281.64 | 248.49 | 288.61 | 13.3% | -2.4% |
Total Expenses | 155.85 | 125.21 | 141.52 | 24.5% | 10.1% |
Profit Before Tax | 125.78 | 123.29 | 146.98 | 2.0% | -14.4% |
Tax | 32.70 | 50.93 | 36.70 | -35.8% | -10.9% |
Profit After Tax | 99.37 | 75.49 | 116.06 | 31.6% | -14.4% |
Earnings Per Share | 2.10 | 1.60 | 2.40 | 31.3% | -12.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gujarat Pipavav Port Ltd is a notable player in the maritime logistics and port operations industry in India. The company primarily operates the Port of Pipavav, a key maritime hub located on the west coast of India. This port facilitates a range of services including container handling, bulk cargo, and liquid cargo handling. Gujarat Pipavav Port Ltd has established itself as a strategic location for trade and transportation, benefiting from its proximity to key shipping routes and industrial hubs. However, specific recent developments or strategic initiatives by the company are not provided in the current data set.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Gujarat Pipavav Port Ltd reported a total income of ₹281.64 crores. This marks a notable increase of 13.3% compared to the previous quarter (Q2FY25), where total income was ₹248.49 crores. However, when comparing year-over-year performance, the total income saw a slight decline of 2.4% from ₹288.61 crores in Q3FY24. This indicates a varied performance across the quarters and years. The fluctuations in total income can be attributed to various market and operational factors affecting the port and logistics industry, though specific causes are not detailed in the provided data.
Profitability
The company recorded a profit before tax of ₹125.78 crores in Q3FY25, showing a modest quarter-over-quarter increase of 2.0% from ₹123.29 crores in Q2FY25. However, this reflects a 14.4% decline when compared to the same quarter in the previous year (Q3FY24), where the profit before tax was ₹146.98 crores. After accounting for taxes, the profit after tax stood at ₹99.37 crores for Q3FY25, which is a significant 31.6% increase from ₹75.49 crores in Q2FY25, but again a 14.4% decrease from the ₹116.06 crores reported in Q3FY24. The earnings per share in the current quarter were ₹2.10, up by 31.3% QoQ from ₹1.60 but down by 12.5% YoY from ₹2.40.
Operating Metrics
The total expenses for Q3FY25 were ₹155.85 crores, which represents a substantial 24.5% increase from the previous quarter's expenses of ₹125.21 crores. Year-over-year, the expenses rose by 10.1% from ₹141.52 crores in Q3FY24. The tax expenses also showed variability, decreasing by 35.8% quarter-over-quarter from ₹50.93 crores in Q2FY25 to ₹32.70 crores in Q3FY25, and decreasing by 10.9% year-over-year from ₹36.70 crores in Q3FY24. These trends in expenses and tax liabilities reflect the company's financial management strategies and the broader economic environment impacting operational costs.
