APM Terminals Pipavav, a prominent gateway port in Western India, has reported a significant 62% increase in consolidated net profit for the first quarter ending on June 30, 2024. The company’s net profit stood at INR 1,096.75 million, a substantial rise from INR 678.26 million in the same period last year. Revenue from operations also saw a notable increase, reaching INR 2,459.76 million, compared to INR 2,149.18 million in the corresponding period.
Additionally, the consolidated EBITDA for APM Terminals Pipavav in the first quarter of FY24-25 was reported at INR 1,495.39 million, marking a 41% increase from the previous year. The EBITDA margin for the quarter stood at 61%, showing a significant improvement from 49% in Q1 FY23-24. The company also experienced growth in liquid cargo volume, Ro-Ro volume, container volume, and dry bulk volume, showcasing its operational excellence and ability to meet customer demands effectively.
Managing Director Mr. Girish Aggarwal expressed satisfaction with the company’s performance and emphasized their commitment to continuous improvement and delivering top-notch services. APM Terminals Pipavav remains optimistic about the opportunities in the Indian ports sector and is focused on technology and infrastructure upgrades to enhance operational efficiency. With a strong focus on sustainability initiatives, the company aims to create long-term value for all stakeholders while capitalizing on India’s growing role in international commerce.
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