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Gujarat Pipavav Port (GPPL) has announced a board meeting where it approved the consolidated financial results for the quarter ended June 30, 2025. The company reported a net profit of ₹104.33 Cr and revenue from operations of ₹250.45 Cr for the quarter.
The company provided updates on ongoing disputes. Regarding a customer arbitration award, GPPL has submitted a Bank Guarantee of ₹60.14 Cr on July 2, 2025, for a conditional stay granted by the Mumbai High Court. The company continues to account for an estimated ₹67.16 Cr including interest for this matter. Another dispute with Gujarat Maritime Board concerning a bank guarantee of ₹18.54 Cr and additional demands is currently in an Expert Committee resolution process.