APM Terminals Pipavav’s consolidated net profit increases by 31%

APM Terminals Pipavav's consolidated net profit increases by 31%
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APM Terminals Pipavav, a leading gateway port in West India, reported a consolidated net profit of INR 981.34 million for the fourth quarter ended March 31, 2023. The figure marks a 31% increase compared to INR 750.89 million in the same period last year. The port’s operating revenue for the quarter also saw growth, increasing to INR 2,347.28 million from INR 2,196.74 million in FY2022’s fourth quarter. Meanwhile, the port’s EBITDA for the quarter reached INR 1,299.44 million, rising by 2% from INR 1,279.67 million in the same period last year.

For the full year, APM Terminals Pipavav reported INR 3,138.15 million in net income, a 59% growth from INR 1,976.85 million in FY22. Containerized cargo business comprised 199,000 TEUs for the quarter, representing a 22% year-over-year growth. For the entire year, the container freight business grew by 22% to 764,000 TEUs. Additionally, the port handled 0.69 million MT of dry volume and 0.28 million MT of liquid volume, while 14,900 units were managed in the RoRo division.

Tags: APM Terminals Pipavav


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