Gujarat Pipavav Port Ltd (GPPL) today posted a 6.79 per cent fall in standalone net profit at Rs 55.69 crore for the first quarter ended June 30, 2017. The company had posted a net profit of Rs 59.75 crore in the year-ago period, Gujarat Pipavav Port Ltd said in a BSE filing. During the first quarter, total income rose to Rs 178.2 crore, from Rs 173.8 crore in the April-June quarter of the previous fiscal. The firm's total expenses were at Rs 91.9 crore in the June quarter, as against Rs 92.1 crore the year-ago period. Shares of the company ended down 1.30 per cent at Rs 137 apiece on BSE.
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