Gujarat Pipavav Port surges 5% post Q4 nos; consolidated PAT slips 9% YoY

The stock of Gujarat Pipavav had hit a 52-week high of Rs 99.30 on February 6, 2020, while its 52-week low stands at Rs 45.50, touched on March 24 this year.

Shares of Gujarat Pipavav Port climbed as much as 5.22 per cent to Rs 69.50 apiece on the BSE on Wednesday, a day after the company reported a 9.11 per cent decline in its consolidated net profit at Rs 54.13 crore for the quarter ended March 2020. The company had posted profit of Rs 59.57 crore in the year-ago period. 

On a standalone basis, the company's profit declined 6.7 per cent to Rs 47.2 crore for the quarter ended March 31, 2020. The port had clocked a net profit of Rs 50.6 crore in the fourth quarter of fiscal 2018-19,