Gujarat Pipavav Port Limited has informed the Exchange about General Updates
GPPL · price
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Gujarat Pipavav Port Limited (GPPL) submitted its audited financial results for the quarter and full year ended March 31, 2025. Revenue from operations for FY25 was largely flat at Rs. 9,876.73 million compared to Rs. 9,884.29 million in FY24. Net profit for FY25 rose about 12.8% to Rs. 3,991.60 million from Rs. 3,537.98 million, with basic EPS of Rs. 8.26 vs Rs. 7.32. The Board recommended a final dividend of Rs. 4.20 per share, subject to shareholder approval at the AGM on September 4, 2025. Statutory auditor Price Waterhouse Chartered Accountants LLP issued an unmodified (clean) opinion on the financial statements. An Emphasis of Matter paragraph was included relating to a dispute with Gujarat Maritime Board (GMB) involving a bank guarantee of Rs. 185.35 million encashed in February 2019 and additional demands of Rs. 337.59 million in liquidated damages plus Rs. 33.36 million in GST.
Clean audit opinion and healthy profit growth are positive signals, while the recommended Rs. 4.20 dividend rewards shareholders. The ongoing GMB dispute remains a key overhang, but the auditor's unmodified opinion suggests it is not yet expected to materially impact the company's financial position.