Views on Gujarat Pipavav Port 4QFY2015 Results - Angel Broking

Views of Mr. Santosh Yellapu (Sr. Research Analyst - Infrastructure, Angel Broking) GPPL 4QFY15 Results:

Good set of operating numbers, maintain NEUTRAL Rating

"For 4QFY2015, Gujarat Pipavav Port Ltd (GPPL) reported revenues in line with our expectations of INR 166cr. Higher contribution from the high margin liquid cargo handling business and better business mix, in our view, could have helped GPPL report EBITDA margins ahead of our expectations at 54.5% (our expectation was of 51.1%). EBITDA growth coupled with higher other income helped GPPL report a good set of numbers at the PBT level. The only spoiler was an exceptional item of INR 35cr. The reported PAT came in at INR 67cr, below our expectations of INR 86cr. currently, we have a NEUTRAL rating on the stock."

Shares of GUJARAT PIPAVAV PORT LTD. was last trading in BSE at Rs.209.75 as compared to the previous close of Rs. 212.05. The total number of shares traded during the day was 71436 in over 1498 trades.

The stock hit an intraday high of Rs. 218.5 and intraday low of 207.6. The net turnover during the day was Rs. 15270949.

Source : Equity Bulls

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