In the corresponding quarter last year, the company’s consolidated net
profit stood at ₹92.3 crore. Revenue from operations fell by 10 per cent
from ₹252 crore in Q2FY24 to ₹227 crore in the second quarter this fiscal.
According to the operational update provided to the exchanges in October, the
port saw a 73 per cent rise in RoRo volumes in the quarter under review. Pipavav handled 33,000 RoRo units during
the July-September period, compared to 19,000 units during the corresponding
period last year.
The port, which handled 1,79,000 TEUs (twenty-foot equivalent units) of
containers during the second quarter this fiscal, witnessed a 17 per cent
decline in the container cargo volumes. Dry bulk cargo volumes also dropped by
40 per cent while liquid cargo increased by 6.5 per cent. The port also handled
515 container trains which transported 1,18,000 TEUs of containers.
On Wednesday,6 Nov, the company’s Board declared an interim
dividend of ₹4 per share this fiscal. The Board also appointed Clint Carmichael as the Chief
Operating Officer of the Company for a period of three years
starting December 1