Gujarat Pipavav's containers volume dips to 157,000 TEUs in Q3FY22; Stock trades flat

7 Jan 2022 , 12:44 PM

Gujarat Pipavav Port records 157,000 TEUs containers in the third quarter ending December 2021 (Q3FY22). The performance was flat sequentially. However, the performance dropped from containers of 199,000 TEUs logged in the December quarter last year.

Further, the company handled containers of 107,000 TEUs on trains in Q3FY22 versus 112,000 TEUs in Q3FY21 and 110,000 TEUs in Q2FY22.

The company posted dry bulk of 0.67Mn MT in Q3FY22 lower from 0.77Mn MT in Q3FY21 and 1.39Mn MT in Q2FY22.

At around 12.42 pm, the company’s stock was trading at Rs98 per piece flat compared to the previous closing on Sensex.

The stock has touched an intraday high and low of Rs98.50 per piece and Rs97.50 per piece.