Synopsis:
The shares of this port company skyrocketed 10 percent, following the announcement of its Q2 results which highlighted a 113 percent growth in the Net profit along with growth in Revenue and has also declared dividend.
The shares of this company which is India’s first private sector port located on the south west coast of Gujarat near Bhavnagar and is strategically placed on the International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side were in focus as the company announced its Q2 results with growth in its performance metrics and has also declared dividend.
With the Market cap of Rs 8,532 crore, the shares of Gujarat Pipavav Port Ltd jumped 10 percent and reached a high of Rs 179.50 compared to its previous day closing price of Rs 162.80 .The shares are trading at a PE of 19.9 whereas its median PE is also 19.9 and the shares have given a return of 99 percent over the last 3 years.
Q2 FY26 Result highlights
The Revenue from operations for the company stood at Rs 299.35 crore when compared to Rs 227.04 crore in Q2 FY25, growing by about 32 percent YoY and on QoQ has increased by 19.5 percent from Rs 250.45 crore in Q1 FY26.
The highlight of the result was the Net profit which grew by 113 percent YoY when you compare the Q2 FY26 profit at 160.73 crore with Q2 FY25 of Rs 75.49 crore, and on QoQ has increased by 54 percent from Rs 104.33 crore in Q1 FY26.
The company has declared its Interim dividend at Rs 5.40 per share, which is 54 per cent of its face value of Rs 10, and has fixed 12 November as the record date, to determine eligible shareholders of the company to issue the same.
In Q2 FY26, overall volumes increased compared to Q2 FY25 across most categories but in the Container total volumes segment it reached 164,000 TEUs in Q2 FY26 versus 179,000 TEUs in Q2 FY25, showing a small decline.
Bulk cargo saw a major jump from 460,000 MTs in Q2 FY25 to 1,031,000 MTs in Q2 FY26, mainly driven by higher mineral supplies than fertiliser volumes. Liquid cargo volumes remained steady, slightly increasing from 332,000 MTs to 388,000 MTs and RoRo (vehicles) handled rose significantly from 33,043 units in Q2 FY25 to 56,864 units in Q2 FY26.
About the company
Gujarat pipavav ltd which comes under, and is managed by APM terminals pipavav is a multipurpose, deep-draught, all-weather facility that can effectively handle bulk, containerised, liquid bulk, and RoRo cargo. Strong rail and road networks connect the port to India’s northwest industrial and commerce districts, and its advantageous coastline location guarantees access with major international shipping lines. One of India’s top gateway ports, Pipavav is an important part of APM Terminals’ global portfolio.
The port can handle 1.35 million TEUs of containers, 250,000 passenger cars, two million metric tonnes of liquid bulk, and four million metric tonnes of dry bulk each year. To meet different cargo needs, it provides a wide range of infrastructure, such as warehousing facilities, cold storage, and container yards. With a capacity of up to 180 TEUs per train, Port Pipavav was the first in India to operate double-stacked container trains. To provide seamless and effective port operations, it also has a 4,000-meter channel, a 735-meter container berth with a 14.5-meter draught, a 695-meter bulk berth with a 14-meter draught, and an LPG/liquid berth with a 12-meter draught.
Written by Leon Mendonca
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