APM Terminals Pipavav reports net profit of Rs1,212.03 million in Q3Y22

11 Feb 2022 , 11:10 AM

Pipavav, India: APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the financial results for the third quarter ended December 31, 2021. The company reported a net profit of Rs437.64 million for Q3FY22 as against Rs543.27million in Q3FY21.

Revenue from operations for the quarter under consideration stood at Rs 1,685.61 million as against Rs1,984 million in Q3FY21.

EBITDA for the quarter was at Rs866.94 million as against Rs1,100.21 million during the same quarter last year. EBIDTA margin stood at 51% in Q3FY22 as against 55% in Q3FY21.

For the nine-months, the Company reported net profit of Rs1,212.03 million compared to Rs1,527.02 million in the corresponding period of last year.

Revenue from operations for the period reduced 3% to Rs5,228.78 million. EBITDA was Rs2,836.08 million as against Rs3,084.26 million in the nine-month period that ended Dec 31, 2020.

The container cargo business for the quarter stood at 157,256 TEUs, bulk business was 0.67 MT and liquid business was 0.24 MT. 7,359 cars were handled under RoRo category for the quarter under review.