Gujarat Pipavav Corp reported 8.32% fall in Sep-20 quarter top line revenues at Rs182.66cr. The performance has picked up in June but however, the pressure of the economic slowdown has hit port volumes in a big way and that means that the top line has not been enough to cover the fixed costs of the business.
Profit after tax (PAT) for the Sep-20 quarter was lower by 34.9% at Rs49.68cr due to the operational pressure spilling over to the bottom line. As a result, the PAT margins contracted from 38.29% in Sep-19 quarter to 27.20% in the Sep-20 quarter.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
Gujarat Pipavav Ports |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
182.66 |
199.23 |
-8.32% |
158.98 |
14.89% |
|
Profit After Tax (PAT) |
49.68 |
76.28 |
-34.87% |
48.16 |
3.16% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 1.03 |
₹ 1.58 |
|
₹ 1.00 |
|
|
PAT Margins |
27.20% |
38.29% |
|
30.29% |
|
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