Financial Performance
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), a leading gateway port in Western India, announced a 62% increase in consolidated net profit, reaching INR 1,096.75 million for the first quarter ending June 30, 2024. This is a significant rise compared to the INR 678.26 million reported in the same quarter of the previous year.
The company’s revenue from operations for Q1 FY24-25 stood at INR 2,459.76 million, marking a 14% increase from INR 2,149.18 million in Q1 FY23-24. Consolidated EBITDA for the quarter reached INR 1,495.39 million, a 41% rise from INR 1,058.42 million in the corresponding period last year. The EBITDA margin improved to 61% from 49% in the previous year’s first quarter.
Operational Growth
APM Terminals Pipavav witnessed significant growth across various operational metrics. Liquid cargo volume increased by 31.8% to 345,000 MT, while Ro-Ro (roll-on/roll-off) volume surged to 39,000 units, up from 14,000 units in the same quarter last year. Additionally, the container volume was reported at 165,000 TEUs, and dry bulk volume reached 552,000 MT.
Leadership Statement
Commenting on the financial performance, Mr. Girish Aggarwal, Managing Director of APM Terminals Pipavav, expressed pride in the company’s operational excellence, which has driven a substantial 62% increase in net profit for Q1 FY24-25 compared to the same period last year. He highlighted the robust rise in revenue and EBITDA margin, alongside impressive growth in Ro-Ro and liquid cargo volumes, as evidence of the company’s ability to meet customer demands effectively.
Future Outlook
Looking ahead, APM Terminals Pipavav remains optimistic about the growth opportunities within the Indian ports sector. The company’s ongoing investments in technology and infrastructure are starting to deliver tangible benefits, enhancing both operational efficiency and customer service. Significant progress is also being made in sustainability initiatives, which are expected to become a key differentiator in the long run.
As global trade dynamics continue to evolve, APM Terminals Pipavav is well-positioned to leverage India’s increasing role in international commerce. The company is committed to supporting its customers, contributing to the local economy, and creating long-term value for all stakeholders.
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Source: Maritime Gateway
