Gujarat Pipavav Q4 Review - Impacted By Cargo Mix; Growth Tailwinds Visible: Centrum Broking

Gujarat Pipavav Port (Source: Company website).

Gujarat Pipavav Q4 Review - Impacted By Cargo Mix; Growth Tailwinds Visible: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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 Q4 FY21 recurring profit after tax at Rs 572 million (up 19.5% YoY) trailed estimate due to lower realisation/margins.

Reported profit after tax including prior period tax write-back stood at Rs 652 million.

Revenue grew by 19.4% YoY to Rs 1.9 billion and Ebitda grew 15.1% YoY to Rs 1.16 billion.

Ebitda margin declined 1.7% YoY to Rs 302/ million tonne due to adverse cargo mix and maintenance dredging expenses.

The strength in bulk cargo volumes is likely to continue with addition of new cargo streams.

Container cargo is likely to improve due to new service additions and dedicated freight corridor commissioning by end 2021.

Click on the attachment to read the full report:

Centrum Broking Gujarat Pipavav Port Limited - Q4FY21 Result Update .pdf


This 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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.