Gujarat Pipavav Port Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 05:10 am EST
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Gujarat Pipavav Port Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,696.3 million compared to INR 2,492.57 million a year ago. Revenue was INR 2,886.06 million compared to INR 2,623.77 million a year ago. Net income was INR 1,160.62 million compared to INR 843.59 million a year ago. Basic earnings per share from continuing operations was INR 2.4 compared to INR 1.74 a year ago. Diluted earnings per share from continuing operations was INR 2.4 compared to INR 1.74 a year ago.
For the nine months, sales was INR 7,371.54 million compared to INR 6,822.21 million a year ago. Revenue was INR 7,925.62 million compared to INR 7,172.21 million a year ago. Net income was INR 2,761.64 million compared to INR 2,158.18 million a year ago. Basic earnings per share from continuing operations was INR 5.71 compared to INR 4.46 a year ago. Diluted earnings per share from continuing operations was INR 5.71 compared to INR 4.46 a year ago.
Gujarat Pipavav Port Limited is an India-based company that is primarily engaged in port networks. The Company operates through the Port Services segment, which primarily includes services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedoring and the activities incidental thereto within India. It is engaged in constructing, operating, and maintaining an all-weather port at Pipavav. The Companyâs port is designed to handle bulk, container, liquid cargo and roll-on roll-off (RORO) and to provide port services, such as material handling and storage operations. Its tools include service locator, track and trace, terminal alerts, and data services and application programming interface (API) store. The Companyâs services include used port-equipment sales, low carbon logistics program, crane and engineering services, quay and marine, reefer services, stuffing and stripping, storage and warehousing, container services and repair, and gate services.