Gujarat Pipavav Port Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Gujarat Pipavav Port reported a largely flat quarter: standalone revenue from operations rose about 1.8% YoY to ₹2,504.5 million (vs ₹2,459.8 million in Q1 FY25), while net profit slipped around 3.7% to ₹1,007.3 million (vs ₹1,046.4 million). Total expenses climbed to ₹1,356.4 million from ₹1,271.8 million, mainly due to higher depreciation and other expenses, dragging profit before tax down to ₹1,350.6 million. Standalone EPS came in at ₹2.08 vs ₹2.16. On a consolidated basis, net profit was ₹1,043.3 million, supported by a ₹42 million share of profit from associate Pipavav Railway Corporation. Price Waterhouse issued an unmodified limited review report but flagged an Emphasis of Matter on two ongoing disputes — the Gujarat Maritime Board (GMB) encashed bank guarantee of ₹185.35 million plus a ₹337.59 million liquidated damages claim, and a customer arbitration award for which the company has deposited a ₹601.36 million bank guarantee with the Bombay High Court.
Operational performance was steady but slightly soft, with margins under mild pressure from rising costs. The emphasis-of-matter items tied to GMB and the arbitration award keep two material legal overhangs live, though management believes both are recoverable/not payable, so the near-term share-price impact is likely muted unless the disputes escalate.