Gujarat Pipavav Port Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 18, 2022 at 01:26 pm
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Gujarat Pipavav Port Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 2,206.6 million compared to INR 1,934.27 million a year ago. Revenue was INR 2,277.43 million compared to INR 2,028.6 million a year ago. Net income was INR 744.28 million compared to INR 653.9 million a year ago. Basic earnings per share from continuing operations was INR 1.54 compared to INR 1.35 a year ago.
For the full year, sales was INR 7,435.38 million compared to INR 7,334.63 million a year ago. Revenue was INR 7,721.25 million compared to INR 7,738.63 million a year ago. Net income was INR 1,973.29 million compared to INR 2,219.53 million a year ago. Basic earnings per share from continuing operations was INR 4.08 compared to INR 4.59 a year ago.
Gujarat Pipavav Port Limited is an India-based company that is primarily engaged in port networks. The Company operates through the Port Services segment, which primarily includes services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedoring and the activities incidental thereto within India. It is engaged in constructing, operating, and maintaining an all-weather port at Pipavav. The Companyâs port is designed to handle bulk, container, liquid cargo and roll-on roll-off (RORO) and to provide port services, such as material handling and storage operations. Its tools include service locator, track and trace, terminal alerts, and data services and application programming interface (API) store. The Companyâs services include used port-equipment sales, low carbon logistics program, crane and engineering services, quay and marine, reefer services, stuffing and stripping, storage and warehousing, container services and repair, and gate services.