Coal news and updates

Gujarat Pipavav final quarter net profit rise 16%

February 16: Gujarat Pipavav Port Limited (GPPL), one of the private ports in India, reported a 15.89% increase in net profit for the final quarter (October-December) of 2014 to Rs 89.31 crore against Rs 77.06 crore reported in the same quarter of 2013, the company said in a statement recently.

The net profit of GPPL was pushed up by higher cargo handling during the quarter, especially coal and fertiliser.

For 2014, the port reported a 67% increase in net profit to Rs 320.09 crore from Rs 191.76 crore. 

On a quarter-on-quarter basis, however, the company’s net profit fell slightly from Rs 89.52 crore in the penultimate (July-September) quarter.

During the final quarter of 2014, GPPL’s total income from operations increased to Rs 184.48 crore compared to Rs 145.23 crore reported in the same period of the last financial year.

Following are the Q4 and 2014 results of Gujrat Pipavav Port Limited 2014 and 2013 (in Rs crore):