APM Terminals Pipavav registers impressive container volume growth in Q4

APM Terminals Pipavav registers impressive container volume growth in Q4

APM Terminals Pipavav registers impressive container volume growth in Q4

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Thursday announced the standalone financial results for the quarter and full year ended March 31, 2018.

Commented Mr Keld Pedersen, Managing Director, APM Terminals Pipavav, “The container volume grew by 19 per cent in Q4 FY18 compared to the previous quarter on account of new line additions. On the west coast, the company registered a record growth rate in container volumes of 29 per cent in Q4 2018 compared to the same quarter last year. We are grateful to our customers for their sustained support.”

For the fourth quarter ended March 2018, total income stood at Rs 1,655 million as against Rs 1,746 million in Q4 FY17. The company reported a net profit of Rs 486 million for Q4 FY18 as against Rs 662 million in Q4 FY17.

EBIDTA for the quarter was at Rs 930 million and EBIDTA margin stood at 56 per cent.

The container cargo business for the quarter stood at (approx.) 205k TEUs, bulk business at (approx.) 266k MT and liquid business at (approx.) 210k MT. The RoRo business was at (approx.) 23k units for the quarter under review.

For the full year ended March 2018, the company reported a net profit of Rs 1,985 million. Total income from operations for FY18 stood at Rs 6,489 million. EBIDTA for FY18 was at Rs 3,741 million and EBIDTA margin stood at 58 per cent.

For FY18, the container cargo business was 703k TEUs, bulk business was 1.82 million MT, liquid business was approximately 1.02 million MT and RoRo business was approximately 98k units.

The Board has recommended a dividend of 17 per cent (Rs 1.7 per share) for FY18, said a release.

Mansa

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