Gujarat Pipavav Port on Thursday reported a 26.60 per cent decline in its standalone net profit to Rs 48.58 crore in the quarter ended March 2018 as compared to Rs 66.19 crore in the year-ago period.
Its revenue from operations, during the quarter under review, declined by 5.2 per cent to Rs 165.48 crore from Rs 174.57 crore during the corresponding quarter last year.
Its board of directors recommended a final dividend of Rs 1.70 per share on the equity share capital of the company.
The company's standalone net profit during the year 2017-18 was at Rs 198.46 crore as compared to Rs 249.91 crore in the previous year.
--IANS
bdc/ahm/
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app