Excluding the impact of duty-benefit scrips, revenue was 20% higher year-on-year, driven by growth in the Ro-Ro and container businesses, while EBITDA increased 25% and EBIT rose 31%.
Gujarat Pipavav Port Ltd, which operates Pipavav Port in Gujarat, reported a 42 per cent year-on-year increase in consolidated net profit to ₹148 crore for the first quarter of FY27, while revenue from operations rose 33 per cent to ₹332 crore during the April-June quarter.The port reported a mixed operating performance during the quarter, with container volumes remaining broadly stable while Ro-Ro cargo registered strong growth. Container throughput stood at 168,000 TEUs in Q1 FY27, up 2.4 per cent from 164,000 TEUs in the corresponding quarter a year ago.The company said the Middle East conflict had an impact on cargo flows, with container volumes benefiting from additional transhipment cargo, while bulk volumes were affected by lower mineral imports. Liquid cargo was impacted by lower LPG and fuel oil imports. Ro-Ro volumes, meanwhile, were driven by higher exports from original equipment manufacturers (OEMs).Ro-Ro volumes increased 54.8 per cent year-on-year to 65,000 units from 42,000 units, partly offsetting declines in dry bulk and liquid cargo. Dry bulk cargo handled by the port declined 5.5 per cent to 0.52 million tonnes from 0.55 million tonnes, while liquid cargo fell 46.3 per cent to 0.22 million tonnes from 0.41 million tonnes.Rail-linked container movement also weakened during the quarter. The port handled 346 container trains, down 22.6 per cent from 447 trains in Q1 FY26, while containers moved by rail declined 11.1 per cent year-on-year to 88,000 TEUs from 99,000 TEUs.Excluding the impact of duty-benefit scrips, revenue was 20 per cent higher year-on-year, driven by growth in the Ro-Ro and container businesses, while EBITDA increased 25 per cent and EBIT rose 31 per cent. The company said its EBITDA margin stood at 61 per cent, an improvement of 200 basis points over the year-ago period.Shares of Gujarat Pipavav Port ended 1.01 per cent higher at ₹149.75 on the BSE on Wednesday.Published on August 12, 2026
