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(As on May 15, 2019, 19:30)

Gujarat Pipavav Port Q4 net profit up 4.82% at Rs 50.93 cr

The company reported standalone net profit of Rs 50.93 crore for the quarter ended March 31, 2019 as compared to Rs 48.59 crore in the same period last year, registering a year-on-year growth of 4.82 per cent.

Net revenue of the company rose moderately by 8.85 per cent at Rs 180.13 crore in January-March quarter of this fiscal as against Rs 165.49 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 11.20 per cent to Rs 80.61 crore from Rs 72.49 crore in year ago period.

Other Income grew by 34.71 per cent at Rs 11.10 crore versus (Mar'18 Rs 8.24 crore).

Operating Profit surged by 7.01 per cent to Rs 99.52 crore as against Rs 93.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.69 per cent in March quarter.

Interest grew by 20.00 per cent y-o-y to Rs 0.12 crore, while Taxation increased by 10.49 per cent at Rs 28.54 crore (Mar'18 Rs 25.83 crore).

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