 "Gujarat Pipavav Port Q3 net plunges 40% to Rs 53 crore")
The company's net profit in the corresponding period of last fiscal was Rs 89.31 crore, Gujarat Pipavav Port said in a regulatory filing.
Total income from operations during the quarter declined to Rs 165.41 crore as against Rs 184.48 crore in the year-ago period, it said.
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Gujarat Pipavav Port is managed and operated by APM Terminals, the ports and terminals company of the maritime giant, the A P Moller-Maersk Group.
APM Terminals is a leading container terminal operators in the world and offers the shipping community an integrated global terminal network of 56 ports and 154 inland facilities in 63 countries.
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