APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India, announced the financial results for the fourth quarter ended March 31, 2022. The company reported a net profit of INR 724 million for Q4FY22 as against INR 654 million in Q4FY21. Revenue from operations for the quarter under consideration stood at INR 2,207 million as against INR 1,934 million in the corresponding period of last year. EBITDA for the quarter was at INR 1,290 million as against INR 1,156 million during the same quarter last year. EBIDTA margin stood at 58% in Q4FY22 as against 60% in Q4FY21.

For the full year, the Company reported net profit of INR 1,936 million compared to INR 2,181 million in the corresponding period of last year. Revenue from operations for the period grew 1% to INR 7,435 million. EBITDA was INR 4,126 million as against INR 4,221 million for the full year ended March 31, 2021.

The container cargo business for the year stood at 628,000 TEUs, bulk business was 4.19mn MT and liquid business was 0.81mn MT. 23,874 cars were handled under RoRo category for the full year.

APM Terminals Pipavav is one of India’s leading gateway port for Containers, Dry Bulk cargoes, Liquid Bulk and RoRo (passenger cars) serving customers in the state of Gujarat with road and rail networks to India’s northwest hinterland. The current annual cargo handling capacity includes 1.35 million TEU Containers, 4 million metric tons of Dry bulk, 2 million metric tons of Liquid bulk and 250,000 passenger cars. APM Terminals Pipavav is India’s first public private partnership (PPP) port and the first port to be connected to the DFC in India; is a part of the APM Terminals global terminal network.
Source: APM Terminals Pipavav