Gujarat Pipavav Port stock jumps after firm reports strong December quarter results
The companys consolidated profit after tax (PAT) jumped by 38 per cent to Rs 116 crore in the December quarter compared to Rs 84 crore Year-on-Year. Its EBITDA for the third quarter was up by 13.6 per cent to Rs 159 crore against Rs 140 crore in the year-ago period.
Gujarat Pipavav Port Share Price: Gujarat Pipavav Port Ltd jumped in morning deals on BSE on Tuesday (February 13, 2024) after the port firm reported strong December quarter numbers.
The stock of the company ended the trading session on Tuesday up by 2.05 per cent, or Rs 3.50, at Rs 174.25.
The stock that opened at Rs 182.70 on Tuesday after closing at Rs 170.75 a day earlier, touched the day's high of Rs 184.70 in the morning session.
Gujarat Pipavav Port Q3 results
The company's consolidated profit after tax (PAT) jumped by 38 per cent to Rs 116 crore in the December quarter compared to Rs 84 crore Year-on-Year (YoY).
Its consolidated revenue from operations grew by 8.4 per cent to Rs 270 crore in the December quarter compared to Rs 249 crore YoY.
Gujarat Pipavav EBITDA for the third quarter was up by 13.6 per cent to Rs 159 crore against Rs 140 crore in the year-ago period.
Its margin, meanwhile, improved to 59.1 per cent in Q3 compared to 56.3 per cent in the same quarter last fiscal.
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