{"id":20497,"date":"2024-11-06T12:28:31","date_gmt":"2024-11-06T12:28:31","guid":{"rendered":"https:\/\/khabarok.com\/business\/20497\/"},"modified":"2024-11-06T12:28:31","modified_gmt":"2024-11-06T12:28:31","slug":"pipavav-ports-q2-net-profit-declines-18","status":"publish","type":"post","link":"https:\/\/khabarok.com\/?p=20497","title":{"rendered":"Pipavav Port\u2019s Q2 net profit declines 18%"},"content":{"rendered":"<p><\/p>\n<div id=\"content-body-68836219\" itemprop=\"articleBody\">\n<p>The consolidated net profit of Gujarat Pipavav Port Ltd (GPPL) \u2013 that operates the Pipavav port in Gujarat \u2013\u00a0declined by 18 per cent to \u20b975.5 crore at the end of the second quarter ending September 30.\u00a0<\/p>\n<p>In the corresponding quarter last year, the company\u2019s consolidated net profit stood at \u20b992.3 crore. Revenue from operations fell by 10\u00a0per cent from \u20b9252 crore in Q2FY24 to \u20b9227 crore in the second quarter this fiscal.<\/p>\n<ul class=\"article-bullet-list\">\n<li>\n                                                        Also read: <b><a href=\"https:\/\/thehindubusinessline.com\/economy\/logistics\/aviation-minister-proposes-over-50-helicopter-emergency-medical-units-along-highways\/article68832970.ece\" target=\"_blank\" rel=\"noopener\">Aviation Minister proposes over 50 helicopter emergency medical units along highways<\/a><\/b><\/li>\n<\/ul>\n<p>According to the operational update provided to the exchanges in October, the port saw a 73 per cent rise in RoRo volumes in the quarter under review. Pipavav handled 33,000 RoRo units during the July-September period, compared to 19,000 units during the corresponding period last year.<\/p>\n<p>The port, which handled 1,79,000 TEUs (twenty-foot equivalent units) of containers during the second quarter this fiscal, witnessed a 17 per cent decline in the container cargo volumes. Dry bulk cargo volumes also dropped by 40 per cent while liquid cargo increased by 6.5 per cent. The port also handled 515 container trains which\u00a0transported 1,18,000 TEUs of containers.<\/p>\n<p>On Wednesday, the\u00a0company\u2019s Board declared an interim dividend of \u20b94 per share this fiscal. The Board also appointed\u00a0Clint Carmichael as the Chief Operating Officer of the Company for a period of three years starting\u00a0December 1.<\/p>\n<div class=\"share-article-section second-article-share share-article-section-mobile\">\n<div class=\"share-page\" data-title=\"Pipavav Port\u2019s Q2 net profit declines 18%\" data-url=\"https:\/\/www.thehindubusinessline.com\/economy\/logistics\/pipavav-ports-q2-profits-decline-18\/article68836219.ece\">\n<p><span class=\"red-text-color\"\/>SHARE\n\t<\/p>\n<ul class=\"share-list\" style=\"display: none;\">\n<li class=\"copy-link\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; copytext('https:\/\/www.thehindubusinessline.com\/economy\/logistics\/pipavav-ports-q2-profits-decline-18\/article68836219.ece')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">Copy link<\/li>\n<li class=\"email\">Email<\/li>\n<li class=\"facebook\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece&amp;t=Pipavav%20Port%E2%80%99s%20Q2%20net%20profit%20declines%2018%25')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">Facebook<\/li>\n<li class=\"twitter\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece&amp;text=Pipavav%20Port%E2%80%99s%20Q2%20net%20profit%20declines%2018%25')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">Twitter<\/li>\n<li class=\"telegram\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/t.me\/share\/url?url=https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece&amp;text=Pipavav%20Port%E2%80%99s%20Q2%20net%20profit%20declines%2018%25')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">Telegram<\/li>\n<li class=\"in\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">LinkedIn<\/li>\n<li class=\"whatsapp\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/api.whatsapp.com\/\/send?text=Pipavav%20Port%E2%80%99s%20Q2%20net%20profit%20declines%2018%25%20-%20https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">WhatsApp<\/li>\n<li class=\"reddit\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; openShareLink('https:\/\/reddit.com\/submit?url=https%3A%2F%2Fwww.thehindubusinessline.com%2Feconomy%2Flogistics%2Fpipavav-ports-q2-profits-decline-18%2Farticle68836219.ece&amp;title=Pipavav%20Port%E2%80%99s%20Q2%20net%20profit%20declines%2018%25')\" data-cf-modified-b78bd686cb5ea89ef9621693-=\"\">Reddit<\/li>\n<\/ul>\n<\/div>\n<p>Published on  November 6, 2024 <\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.thehindubusinessline.com\/economy\/logistics\/pipavav-ports-q2-profits-decline-18\/article68836219.ece\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consolidated net profit of Gujarat Pipavav Port Ltd (GPPL) \u2013 that operates the Pipavav port in Gujarat \u2013\u00a0declined by 18 per cent to \u20b975.5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[5],"tags":[7488,6214,58912,708,2408],"class_list":["post-20497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cargo","tag-gujarat","tag-pipavav-port","tag-profit","tag-revenue"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"The consolidated net profit of Gujarat Pipavav Port Ltd (GPPL) \u2013 that operates the Pipavav port in Gujarat \u2013 declined by 18 per cent to \u20b975.5 crore at the end of the second quarter ending September 30. In the corresponding quarter last year, the company\u2019s consolidated net profit stood at \u20b992.3 crore. 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