Gujarat Pipavav Port (GPPL) investor relations material

Executive summary

• Revenue grew 2% year-over-year, driven by strong liquid and RORO growth, while container volumes were flat and bulk volumes remained steady.

• EBITDA margin stood at 59% for the quarter, with EBITDA down 1% year-over-year and annual guidance to maintain 61% margin.

• EBIT declined 3% year-over-year due to one-off repair and maintenance expenses of INR 25 million; excluding these, EBIT would have been down 1%.

• Net profit declined 4% year-over-year, reflecting higher expenses and lower container volumes.

• Standalone and consolidated unaudited financial results for the quarter ended 30 June 2025 were approved and released, with statutory auditor review reports confirming no material misstatements.

Financial highlights

• Revenue from operations reached INR 2,504 million, up 2% year-over-year.

• EBITDA was INR 1,481 million, down 1% year-over-year.

• EBIT declined 3% to INR 1,167 million year-over-year.

• Net profit was INR 1,007 million, a 4% decrease year-over-year.

• Basic and diluted EPS for the quarter stood at INR 2.08 (standalone) and INR 2.16 (consolidated).

Outlook and guidance

• Liquid volumes expected to grow 20% and RORO by 25% for the full year.

• Container volumes guidance revised to flat for the year due to geopolitical issues and new US tariffs.

• EBIT for the year guided to grow 5–7% year-over-year.

• Management continues to pursue insurance claims related to cyclone Tauktae and is in discussions with the insurer for the balance claim amount.

• Forward-looking statements note potential impact from economic conditions, government regulations, and market demand.