Q2 FY27 cargo volumes: Containers up 17%, Dry Bulk and Liquid decline
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Gujarat Pipavav Port reported Q2 FY27 cargo volumes. Containers grew about 17% YoY to 192,000 TEUs; H1 FY27 rose nearly 10% to 360,000 TEUs. RoRo units jumped about 24% in H1 to 123,000. However, Dry Bulk fell 10.5% YoY in Q2 to 0.94 Mn MT, and Liquid cargo dropped 32.5% in H1 to 0.54 Mn MT. Container trains handled declined 12% in H1 to 798.
Mixed: Container and RoRo growth are positives, but sharp declines in Liquid and Dry Bulk cargo may pressure overall revenue and margins.