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APM Terminals Pipavav reports ₹72 crore net profit in Q4FY22

Revenue from operations for the quarter under consideration stood at ₹2,207 million.

APM Terminals Pipavav reports ₹72 crore net profit in Q4FY22
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APM Terminals Pipavav (Gujarat Pipavav Port), 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 ₹72 crore for Q4FY22 as against ₹65 crore in Q4FY21. Revenue from operations for the quarter under consideration stood at ₹220 crore as against ₹193 crore in the corresponding period of last year. EBITDA for the quarter was at ₹129 crore as against ₹1,156 million during the same quarter last year. EBIDTA margin stood at 58 percent in Q4FY22 as against 60 percent in Q4FY21.

For the full year, the company reported net profit of ₹193 crore compared to ₹218 crore in the corresponding period of last year. Revenue from operations for the period grew 1 percent to ₹743 crore. EBITDA was ₹412 crore as against ₹422 crore 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.

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