APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Wednesday reported a 32.35 per cent decline in consolidated net profit to ₹65.83 crore for the fourth quarter ended March 2024. The company had reported a profit of ₹97.32 crore a year ago, it said in a regulatory filing.
Its revenue from operations for the fourth quarter stood at ₹270.76 crore against ₹250.07 crore in the year-ago period. For the financial year ended March 2024, the company reported a net profit of ₹342 crore, a growth of 9.21 per cent compared to ₹313.14 crore in FY23.
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APM Terminals Pipavav is one of India's leading gateway ports for containers, dry bulk cargoes, liquid bulk, and RoRo, with connectivity to India's northwest hinterland through rail and road networks.