Gujarat Pipavav port posts 16% gain in FY25 profit

Gujarat Pipavav Port Ltd (APM Terminals Pipavav) posted a consolidated net profit of ₹3,969 million, a growth of 16 per cent for the financial year 2025 aided by rising liquid and RO-RO cargo volumes. Higher volumes from original equipment manufacturers (OEMs) saw the number of Ro-Ro units rise by a phenomenal 71 per cent to 164,977 units during FY 25. Similarly, higher LPG volumes boosted the liquid cargo handling at the port to 1,469,504 metric tonnes, a growth of 14 per cent.

Despite this growth, the revenues of the company — ₹9,876 million — remained at par compared to the previous fiscal. The lower transhipment and exim volumes weighed heavily on the revenues of the company during the year. The quantum of containers handled by the port saw a 14.1 per cent decline in FY 2025. Compared to 808,000 TEUs in FY 2024, the port handled only 694,000 TEUs. The number of container trains handled by the port also declined by a similar percentage with the port handling 1,961 trains during the year, compared to 2,281 trains during FY 24.

Similarly, lower fertilizer and coal volumes adversely impacted the dry bulk cargo handled by the port. The dry bulk cargo handled by the port stood at 2.21 million tonnes, witnessing a decline of 18.45 per cent. The board of Directors of the company also recommended a final dividend of ₹4.2 per share on the equity share capital.