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APM Terminals Pipavav

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) Jan-March 2015 Net Profit at INR 669 Million up 10% Over Q1 2014

Operating Income up 20% at INR 1,880 million over Q1 2014

May 28, 2015   17:26 IST 
New Delhi, Delhi, India

Editor’s Synopsis:

Jan-March'15 performance vs. Jan-March'14

  • Operating Income at INR 1,880 million vs. INR 1,562 million, up 20%

  • EBITDA at INR 1,126 million vs. INR 914 million, up 23%

  • EBITDA margin at 60% vs. 59%

  • INR 346 million exceptional item in Q1 2015

  • PAT at INR 669 million vs. INR 610 million, up 10%                                                                                                                                                                                                                                               

Fifteen month period March’15 performance vs. Dec’13

  • Operating Income at INR 8,670 million vs. INR 5,179 million

  • EBITDA at INR 5,012 million vs. INR 2,564 million

  • EBITDA margin at 58% vs. 50%

  • PAT at INR 3,873million vs. INR 1,918 million                                                                                                                                                                                                                

*March 2015 results for 15 months


APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western India’s fastest growing gateway ports, today reported a net profit of INR 669 million for the quarter ended 31st March 2015 as against INR 893 million in the corresponding quarter last year. The quarter included exceptional item of INR 346 million representing one-time finance charges written off in the quarter. Barring the exception item, the net profit was boosted by an increase container and bulk cargo and income earned under the Served for India Scheme.

Income for the quarter ended 31st March 2015 stood at INR 1,880 million as against INR 1,562 million for the corresponding quarter last year; up 20 %. EBIDTA for the quarter was up 23% at INR 1,126 million and EBIDTA margin stood at 60%.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has changed its accounting year from January-December to April – March. Accordingly, the performance for year ended March 2015 is for 15-months period starting 1st Jan 2014 until 31st March 2015.

Business Highlights: Volumes


Container cargo (‘000 TEUs)

Bulk cargo (mn MT)

Liquid cargo (mn MT)

Rail volume (‘000 TEUs)

Jan-March 15





Jan-March 14





YoY growth (%)





March 15*





Dec 13 annual





YoY growth (%)





*(March 2015 volumes for 15 months)

Key developments during the quarter

Container Cargo

  • 201K TEUs – 3% increase vs Q4’14; 7% increase vs Q1’14

  • 2 new coastal services                                                                                                                                                                                                                           

Bulk & General Cargo

  • 24% decrease in volume vs Q4’14: Lower Coal & Fertilizer

  • 33% increase in volumes vs Q1’14: Higher Coal & Fertilizer                                                                                                                                                          

Liquid Cargo

  • 126K MT Liquid cargo vs 80K in Q4’14


Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd), Managing Director, Mr. Keld Pedersen said: “It has been a very good quarter for APM Terminals Pipavav. In terms of our financial results, we achieved the highest EBITDA earned in any given quarter. Our ongoing expansion project is on-track and will be funded through internal accruals.”


About APM Terminals Pipavav:

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) is part of an international network operated by APM Terminals BV an independent business unit within the Maersk Group.

APM Terminals is lifting global trade with a Global Terminal Network of 20,300 professionals and 186 port and inland services operations in 63 countries around the globe. The company designs, builds and operates ports and inland services. The world’s leading brands and shipping lines rely on APM Terminals to ensure their supply chains and global network succeed in all markets.

Strategically located in Gujarat, approximately 160 nautical miles north west from JNPT, Mumbai, APM Terminals Pipavav is one of Western India's fastest growing gateway ports and has excellent connectivity to the rich hinterlands in the North and West Regions of India. Pipavav Port is the first Public Private Partnership (PPP) Port in India.

Media Contact Details
Rahul Prabhakar
Adfactors PR
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Divya Sheth
Adfactors PR
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