Gujarat Pipavav Port Q2 results: Profit surges 113% YoY, firm declares ₹5.40 interim dividend

Gujarat Pipavav Port Ltd

(APM Terminals Pipavav) reported a strong performance for the July–September quarter of FY26, with profit more than doubling year-on-year on the back of robust revenue growth and improved operational efficiency.

The port operator’s net profit jumped 113% to ₹160.7 crore, compared with ₹75.4 crore in the same period last year.

Revenue rose 32% to ₹299.3 crore from ₹227 crore a year ago, driven by higher cargo volumes and improved logistics throughput.

Operating performance remained strong, with EBITDA increasing 34.2% year-on-year to ₹178 crore from ₹132.4 crore.

EBITDA margin expanded slightly to 59.4%, up from 58.3% last year, reflecting continued cost discipline and operational leverage.

The company’s Board of Directors also announced an interim dividend of ₹5.40 per share for FY26, subject to applicable taxes.

The record date for determining eligible shareholders is 12 November 2025, and the dividend payment is scheduled by 25 November 2025.

In the June quarter of FY26, Gujarat Pipavav Port Ltd reported a 4.8% year-on-year decline in consolidated net profit to ₹104.3 crore, compared with ₹109.6 crore in the same period last year, reflecting softer operating performance.

Revenue from operations edged up 1.8% to ₹250.4 crore, aided by a mixed cargo performance across segments. However, profitability was under pressure, with EBITDA slipping 1% to ₹148 crore and the operating margin narrowing to 59.1% from 60.8% a year earlier, indicating higher costs and subdued volume growth.