APM Terminals Pipavav Wednesday said its standalone net profit rose by 5 per cent to Rs 52.2 crore during the December 2018 quarter.
The company, formerly Gujarat Pipavav Port Ltd, had posted a Rs 49.9-crore net profit during the corresponding quarter a year ago.
Its revenue from operations stood at Rs 174.7 crore, against Rs 162.7 crore in the third quarter.
The company said its container cargo business for the quarter stood at about 2,51,000 TEUs (twenty-foot equivalent units), bulk business was at 0.33 MT and liquid business was at about 015 MT.
Besides, the 'roll-on, roll-off' (Ro-Ro) business handled about 20,000 cars for the quarter under review.
APM Terminals Pipavav Managing Director Keld Pedersen said: "The company has registered a YoY growth of 45 per cent in container volume with the healthy mix of EXIM, Transshipment and Coastal volumes. At 2,51,000 TEUs, the company has registered the highest quarterly container volume."
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