ICICI Direct: Gujarat Pipavav Port Hikes Prices By 5-6% From Q3 Onwards 
Pipavav port. (Image: Company website)

ICICI Direct: Gujarat Pipavav Port Hikes Prices By 5-6% From Q3 Onwards 

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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.

ICICI Direct Report

Gujarat Pipavav Port Ltd. reported a muted set of Q2 FY21 numbers. Consolidated revenues de-grew 8% YoY to Rs 183 crore.

While container volumes de-grew 25% (transhipment volumes contracted the most, leading to a favourable container mix), bulk volumes, on the other hand, saw 36% growth (mainly due to higher fertiliser volumes).

Hence, due to higher handling expenses led by growth in the fertiliser segment, gross margins, Ebitda margins contracted 560 basis points, 730 basis points to 77.6%, 56.3%, respectively.

Click on the attachment to read the full report:

ICICI Direct Gujarat Pipavav Company Update.pdf

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