Gujarat Pipavav Port disclosed a decline in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 0.14% to Rs 804.18 million from Rs 805.30 million in the same quarter previous year.
Revenues for the quarter rose 9.72% to Rs 1,846.34 million, compared with Rs 1,683 million for the prior year period.
Operating margin for the quarter stood at 40.39 percent as compared to 48.61 percent for the previous year period. Operating Income for the quarter was Rs 745.75 million, compared with Rs 818.041 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.66, registering 0.60% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 1,846.34 | 1,682.72 | 9.72 |
| Net Profit | 804.18 | 805.30 | (0.14) |
| Diluted EPS | 1.66 | 1.67 | (0.60) |
Shares of the company gained Rs 3.5, or 1.53%, to settle at Rs 232.15. The total volume of shares traded was 70,886 at the BSE (Thursday).
