APM Terminals Pipavav Q1 results: Net profit jumps 62% to Rs 109.67 cr

APM Terminals Pipavav on Wednesday reported a 62 per cent growth in the consolidated net profit to Rs 109.67 crore in the June quarter over the corresponding quarter last fiscal, the company said.

The private port operator had posted a consolidated net profit of Rs 67.8 crore in the first quarter of FY24.

Revenue from operations for the quarter stood at Rs 245.97 crore, which is 14 per cent higher compared to Rs 214.9-crore last year, the port operator said.

Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) was recorded at Rs 149.53 crore, growing by 41 per cent year-on-year from Rs 105.84 crore in Q1 FY23-24, it stated.

According to the port operator, liquid volume grew 31.80 per cent to 345,000 MT and volume under Ro-Ro (services) grew to 39,000 units against 14,000 units in the corresponding period of last year.

The container volume during the reporting quarter was 165,000 TEUs while the dry bulk volume stood at 552,000 MT, it said.

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