Gujarat Pipavav Port Limited — Important, 03-01-2025: Updates

Operational data for Gujarat Pipavav Port Limited reflects a mixed performance for the quarter and nine months ended December 2024. Container cargo volumes hit 177,000 TEUs, slightly down from 203,000 TEUs in Q3 FY 24, but up from 179,000 TEUs in Q2 FY 25. Year-to-date (YTD) container volumes stand at 522,000 TEUs, down from 619,000 TEUs in the previous year. Dry bulk cargo decreased to 0.72 million MT from 0.75 million MT in Q3 FY 24 and is 1.74 million MT YTD, lower than 2.20 million MT a year earlier. Liquid cargo showed an increase to 0.39 million MT compared to 0.32 million MT in Q3 FY 24 and 1.06 million MT YTD against 0.89 million MT. Ro Ro units handled grew significantly to 44,000 compared to 29,000 units in Q3 FY 24. Container trains handled decreased to 496 from 589, with YTD figures down to 1,491 from 1,738. Overall, the data indicates areas for improvement, particularly in container and dry bulk volumes, suggesting investors should monitor future operational strategies closely.