APM Terminals Pipavav (Gujarat Pipavav Port Ltd), has announced its financial results for the third quarter ended December 31, 2017.
The company reported a net profit of INR 500 million ($7.8 mln) for Q3FY18 as against INR 645 million ($10 mln) in Q3FY17. Total Income for the quarter under consideration stood at INR 1,627 million ($25.5 mln) as against INR 1,692 million ($26.5 mln) in Q3FY17.
EBIDTA for the quarter was at INR 947 million ($14.8 mln) and EBIDTA margin stood at 58%.
The Container cargo business for the quarter stood at 173 k TEUs, Bulk business was at 550 k MT and Liquid business was at appx. 324 k MT. RoRo business was appx. 30 k units for the quarter ended December 31st, 2017.
Commenting on the Q3FY18 results Mr. Pederson, MD GPPL said, “While the Q3FY18 vs Q3FY17 shows lower numbers, the quarter on quarter performance is encouraging. The Total income was at INR 1,627 million ($25.5 mln) as compared to INR 1,517 million ($23.8 mln) in the previous quarter. EBITDA margins were at 58% as compared to 55% of the previous quarter. Overall at Net profit level we were at INR 500 million ($7.8 mln) vs INR 442 million ($6.9 mln) in the previous quarter.”