Centrum Broking: Gujarat Pipavav Ports Q1 Review - Shows Faith In Growth Potential; Commits To Invest

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Gujarat Pipavav Port Ltd.’s Q1 FY21 results were ahead of estimates led by favourable cargo mix and lower operating costs.Profit after tax declined by 17.8% YoY to Rs 464 million but was above our estimate of Rs 436 million. Revenue declined 10.5% YoY to Rs 1.59 billion (inline).Cargo mix improvement was led by higher share of export import volumes in containers due to plunge in transhipment volumes. Ebitda declined 6.8% YoY to Rs 955 million (our estimate Rs 923 million) while Ebitda margins expanded 240 basis points YoY to 60.1% (estimate 57.7%).Container volumes declined by 15.8% YoY to 186k twenty foot equivalent units and total cargo declined 14.8% YoY to 3.1 metric tonne in Q1 FY21. Consolidated profit after tax declined 12.5% YoY to Rs 482 million..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Centrum Broking: Gujarat Pipavav Ports Q1 Review - Shows Faith In Growth Potential; Commits To Invest

Centrum Broking: Gujarat Pipavav Ports Q1 Review - Shows Faith In Growth Potential; Commits To Invest

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