Gujarat Pipavav Port Limited Reports Standalone Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017 and Audited Consolidated Earnings Results for the Year Ended March 31, 2017
May 11, 2017 at 04:42 am EDT
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Gujarat Pipavav Port Limited reported standalone unaudited earnings results for the fourth quarter and full year ended March 31, 2017 and audited consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 1,567.433 million compared to INR 1,480.765 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 887.276 million compared to INR 751.400 million a year ago. Profit before tax was INR 953.599 million compared to INR 829.626 million a year ago. Net profit for the period was INR 661.952 million compared to INR 516.711 million a year ago. Basic and diluted earnings per share were INR 1.37 compared to INR 1.07 a year ago. EBITDA was INR 1,147 million compared to INR 998 million a year ago.
For the year, on standalone basis, the company reported net sales/income from operations of INR 6,301.112 million compared to INR 6,049.038 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,120.753 million compared to INR 2,787.246 million a year ago. Profit before tax was INR 3,470.309 million compared to INR 3,089.341 million a year ago. Net profit for the period was INR 2,499.118 million compared to INR 1,911.844 million a year ago. Basic and diluted earnings per share were INR 5.17 compared to INR 3.95 a year ago. EBITDA was INR 4,186 million compared to INR 3,761 million a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations of INR 6,301.112 million compared to INR 6,049.038 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 3,120.753 million compared to INR 2,787.246 million a year ago. Profit before tax was INR 3,793.497 million compared to INR 3,452.428 million a year ago. Net profit for the period was INR 2,822.306 million compared to INR 2,274.931 million a year ago. Basic and diluted earnings per share were INR 5.84 compared to INR 4.71 a year ago. EBITDA was INR 4,186 million compared to INR 3,761 million 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.
Gujarat Pipavav Port Limited Reports Standalone Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017 and Audited Consolidated Earnings Results for the Year Ended March 31, 2017
GUJARAT PIPAVAV PORT LIMITED 
