Gujarat Pipavav port Q1 net profit falls 4.8% on lower container volumes

Gujarat Pipavav Port Ltd reported a 4.8% year-on-year drop in consolidated net profit for Q1 FY26, with earnings falling to ₹104 crore from ₹109 crore a year earlier. The decline was driven by softer container volumes and flat dry bulk cargo growth.

Container throughput slipped nearly 1% to 164,000 TEUs in the quarter, while rail container movements fell to 99,000 TEUs from 102,000 TEUs, as the number of container trains handled dropped 7% to 447. Despite this, revenue from operations inched up 1.6% to ₹250 crore.

In contrast, other cargo segments posted gains. RO-RO volumes rose 10.5% to 42,000 units, and liquid cargo surged 20% to 0.41 million tonnes. Dry bulk cargo remained steady at 0.55 million tonnes.