Coal news and updates

Gujarat Pipavav Q1 net profit up 73%

May 14: Gujarat Pipavav Port Limited reported a 72.51% increase in net profit during the January-March quarter (first quarter) of 2014 at Rs 61.02 crore compared to Rs 35.37 crore posted in the first quarter of 2013, mainly on the back of higher coal handling during the period, according to a company statement.

The company's total income from operations during the quarter stood at Rs 156.20 crore compared to Rs 124.47 crore posted in the corresponding quarter a year ago, registering an increase of 25.49%.

The following table gives Q1 performance of Pipavav Port Limited in 2014 and 2013 (in Rs crore):