Gujarat Pipavav Port Limited Reports Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016
May 19, 2016 at 04:44 am EDT
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Gujarat Pipavav Port Limited reported standalone unaudited earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 1,541.039 million compared to INR 1,655.403 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 744.495 million compared to INR 964.441 million a year ago. Profit from ordinary activities before tax was INR 808.815 million compared to INR 668.855 million a year ago. Net profit for the period was INR 498.316 million compared to INR 668.855 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.03 compared to INR 1.38 a year ago. EBITDA was INR 991 million compared to INR 1,126 million a year ago.
For the year, on standalone basis, the company reported net sales/income from operations of INR 6,195.301 million compared to INR 7,921.881 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,790.124 million compared to INR 4,178.793 million a year ago. Profit from ordinary activities before tax was INR 3,640.669 million compared to INR 3,872.805 million a year ago. Net profit for the period was INR 2,366.570 million compared to INR 3,872.805 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.90 compared to INR 8.01 a year ago. EBITDA was INR 3,754 million compared to INR 5,012 million a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations of INR 6,195.301 million. Profit from operations before other income, finance costs and exceptional items was INR 2,790.124 million. Profit from ordinary activities before tax was INR 3,640.669 million. Net profit for the period was INR 2,366.570 million. Basic and diluted earnings per share before and after extraordinary items were INR 5.55. EBITDA was INR 3,754 million.
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 Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016
GUJARAT PIPAVAV PORT LIMITED 
