Q4FY21 Company Update - Gujarat Pipavav Port - ICICI Direct

GPPL reported flattish container volumes QoQ (19% YoY due to weak base) mainly due to congestion in the Far-East ports (macro-disruption) while it reported 1 MMT volumes on the bulk front (full capacity utilisation). Liquid and RoRo continued to report subdued volumes. Overall, revenues remained flattish QoQ (up 19% YoY) due to subdued container growth. EBITDA margins expanded 400 bps QoQ (fell 226 bps YoY) led by a one-time bonus payment of US$1000 per employee in the base quarter and lower maintenance dredging expense QoQ. Subsequently, absolute EBITDA and PAT grew 5% and 11% QoQ, respectively.

For details, click on the link below: Link to the report

Shares of GUJARAT PIPAVAV PORT LTD. was last trading in BSE at Rs.107.9 as compared to the previous close of Rs. 106.1. The total number of shares traded during the day was 72950 in over 986 trades.

The stock hit an intraday high of Rs. 110 and intraday low of 106.3. The net turnover during the day was Rs. 7922175.

Source : Equity Bulls

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