Gujarat Pipavav Port Ltd Q1FY24; 15% rise in Profits

Gujarat Pipavav Port is India’s first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.

Financial Results:

• Gujarat Pipavav Port Ltd reported Revenues for Q1FY24 of ₹215.00 Crores up from ₹207.00 Crore year on year, a rise of 3.86%.
• Total Expenses for Q1FY24 of ₹141.00 Crores up from ₹127.00 Crores year on year, a rise of 11.02%.
• Consolidated Net Profit of ₹68.00 Crores up 15.25% from ₹59.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹1.40, up 13.82% from ₹1.23 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.