Gujarat Pipavav Port Limited — PPTs, 13-02-2025: Investor Presentation

**Financial Highlights:** For Q3, revenue decreased by 3% year-on-year to ₹2,629 million, driven by lower container and bulk revenue. EBITDA fell by 13% to ₹1,387 million, with a margin of 53%. Net profit also declined by 15%, amounting to ₹940 million.

**Strategic Initiatives and Growth Drivers:** The company faced declines in Exim container volumes and fertilizer bulk. However, liquid volumes rose significantly due to higher LPG throughput, and RORO units surged by 53%, indicating potential growth segments.

**Business Developments:** The year-to-date (YTD) figures show a 16% drop in container TEUs and a 21% fall in bulk cargo. Conversely, liquid handling increased by 19%, with RORO exports from OEMs up by 85%.

**Market Position and Competitive Advantage:** Despite facing challenges in container and bulk operations, the company's improved liquid and RORO performance may enhance market share, especially in sectors reliant on LPG and OEM exports.

**Investor Implications:** The current landscape presents risks, primarily due to reduced Exim volumes and bulk handling. However, the rise in liquid volumes and RORO growth suggest strategic opportunities. Investors should monitor these developments closely for potential recovery signals.