APM Terminals Pipavav announces the financial results for the quarter ended September 30, 2021.
|Q2FY22 performance vs. Q2FY21:|
|APM Terminals Pipavav is the first port to be connected to Western Dedicated Freight Corridor (DFC) with the completion of high-rise overhead electrification of the port rail yard|
|The Port also loaded 100th LPG rake in less than a year of installation|
|Revenue from operations at INR 1,947 million, is higher by 7% as compared to INR 1,827 million in Q2FY21|
|EBITDA at INR 1,090 million; higher by 6% against INR 1,029 million in Q2FY21|
|Net Profit at INR 453 million; lower by 13% against INR 520 million in Q2FY21|
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) today announced the financial results for the quarter ended September 30, 2021. The company reported a net profit of INR 453 million for Q2FY22 as against INR 520 million in Q2FY21. Revenue from operations for the quarter under consideration stood at INR 1,947 million as against INR 1,827 million in Q2FY21. EBIDTA for the quarter was at INR 1,090 million as against INR 1,029 million during the same quarter last year. EBIDTA margin stood at 56% in Q2FY22 as against 56% in Q2FY21.
The container cargo business for the quarter stood at 157,048 TEUs, bulk business was at 1.39 MT and liquid business was 0.19 MT. 7,814 cars were handled under RoRo category for the quarter under review.
During the quarter, APM Terminals Pipavav became the first Port to be connected to the Western Dedicated Freight Corridor (DFC) with the completion of high-rise overhead electrification of the port rail yard. By switching to electrical loco, the Port will also be able to offer environment-friendly, long-haul, high-volume freight rail transport that will reduce greenhouse gas emissions. The Port also loaded 100th LPG rake in less than a year of installation. The port is one of the few ports in India which can accommodate a full train.
Source : maritimegateway