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APM Terminals Pipavav

APM Terminals Pipavav’s (Gujarat Pipavav Port Ltd.) Financial Performance for the Quarter and Year Ended March 31, 2017

May 11, 2017   15:11 IST 
Pipavav, Gujarat, India

 

Editor’s Synopsis

Q4FY17 performance vs. Q4FY16

  • Total income at INR 1,746 million vs. INR 1,610 million

  • EBITDA at INR 1,147 million vs. INR 998 million

  • EBITDA margin at 65.7% vs. 62.0%

  • Net Profit at INR 662 million vs. INR 517 million

 

 

 

 

 

FY17 performance

  • Total income at INR 6,831 million

  • EBITDA at INR 4,186 million

  • EBITDA margin at 61.3%

  • Net Profit at 2,499 million

 

 

 

 

 

APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), today announced the standalone financial results for the quarter and full year ended March 31, 2017.

 

For the fourth quarter ended March 2017, the company reported a net profit of INR 662 million for Q4FY17 as against INR 517 million in Q4FY16. Total Income for the quarter under consideration stood at INR 1,746 million as against INR 1,610 million in Q4FY16.

 

EBIDTA for the quarter was at INR 1,147 million and EBIDTA margin stood at 65.7%.

 

The Container cargo business for the quarter stood at (appx.) 158k TEUs, Bulk business at (appx.) 300 kMT and Liquid business at (appx.) 250 kMT. RoRo business at (appx.) 24k units for the quarter under review.

 

For the full year ended March 2017, the company reported a net profit of INR 2,499 million. Total Income from operations for FY17 stood at INR 6,831 million. EBIDTA for FY17 was at INR 4,186 million and EBIDTA margin stood at 61.3%.

 

For FY17, the Container cargo business was 663k TEUs, Bulk business was 2 million MT, Liquid business was appx 686 kMT and RoRo business was appx. 84k units.

 

The board recommends a dividend of 18% (Rs. 1.80 per share) for FY 17.

 

Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), Managing Director, Mr. Keld Pedersen said,“The numbers for the year ended March 31st 2017 is in line with our expectations. We are delighted to deliver good results in spite of challenging market conditions. The EBITDA has grown by 11% yoy and our net results have grown by 31% yoyo wing to better cargo mix and RoRo business. This is the reflection of our commitment to the trade and to our customers”.

 

Business highlights and developments at APM Terminals Pipavav in FY 17

  • Implemented e-SMTP for paper free customs clearance procedure; this will result in quick turnaround of cargoes saving 12 to 48 hours every week.

  • Welcomed Government and Customs long term vision of facilitating Direct Port Delivery (DPD) system for the ease of doing business.

  • Largest RoRo [Roll in Roll out] vessel Hoegh Tracer called on APM Terminals Pipavav whichloaded 1,700 Indian-made passenger cars for export.

  • Received first container train service from Rail Container Terminal, Vadodara to the port Pipavav.

  • Welcomed the first double stack train from the Multi Modal Logistic Park at Kathuwas, Rajasthan

 

About APM Terminals Pipavav

APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is India's first Public Private Partnership (PPP) Port in India having excellent connectivity to the Gujarat Region and the Northern hinterlands of India. It serves as a gateway for movement of containers, bulk, liquid and RORO cargo.

 

APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is a part of the APM Terminals which is a leading global port and cargo inland services provider with a presence in 69 countries providing the world’s most geographically balanced global terminal network with 75 terminals, seven new facilities under construction and an inland services network spanning 140 locations.   Based in The Hague, Netherlands, the company works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals.


Media Contact Details
Nurjaha Arora
APM Terminals Pipavav
+91 22 30011317
 
 
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