Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gujarat Pipavav Port Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 249 | 235 | 215 | 253 | 270 | 251 | 246 | 227 | 263 | 252 | 250 | 299 | 292 |
| Expenses + | 109 | 105 | 109 | 102 | 110 | 94 | 96 | 94 | 124 | 95 | 102 | 122 | 132 |
| Operating Profit | 140 | 130 | 106 | 151 | 159 | 157 | 150 | 133 | 139 | 157 | 148 | 178 | 160 |
| OPM % | 56% | 55% | 49% | 60% | 59% | 63% | 61% | 58% | 53% | 62% | 59% | 59% | 55% |
| Other Income + | -1 | 11 | 14 | 25 | 19 | -32 | 22 | 21 | 19 | 19 | 20 | 67 | 10 |
| Interest | 2 | 2 | 3 | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 | 1 | 2 |
| Depreciation | 30 | 28 | 29 | 29 | 29 | 29 | 29 | 29 | 31 | 28 | 31 | 32 | 32 |
| Profit before tax | 108 | 111 | 89 | 145 | 147 | 93 | 140 | 123 | 126 | 146 | 135 | 212 | 136 |
| Tax % | 26% | 25% | 26% | 26% | 25% | 25% | 25% | 26% | 25% | 25% | 25% | 25% | 26% |
| Net Profit + | 79 | 84 | 66 | 108 | 110 | 70 | 105 | 92 | 94 | 109 | 101 | 158 | 101 |
| EPS in Rs | 1.64 | 1.74 | 1.36 | 2.23 | 2.28 | 1.45 | 2.16 | 1.89 | 1.94 | 2.26 | 2.08 | 3.27 | 2.10 |
Financials of Gujarat Pipavav Port Ltd
Annual income statement trend
| Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 518 | 867 | 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | 988 | 1,094 |
| Expenses + | 261 | 365 | 278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 415 | 410 | 451 |
| Operating Profit | 257 | 502 | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 574 | 578 | 643 |
| OPM % | 50% | 58% | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 58% | 58% | 59% |
| Other Income + | 33 | -5 | 24 | 33 | 37 | 45 | 51 | 44 | 26 | 13 | 25 | 81 | 117 |
| Interest | 37 | 26 | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 | 6 | 7 |
| Depreciation | 61 | 83 | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 | 117 | 124 |
| Profit before tax | 192 | 387 | 309 | 347 | 307 | 321 | 359 | 327 | 302 | 392 | 474 | 536 | 629 |
| Tax % | 0% | 0% | 38% | 28% | 35% | 36% | 18% | 33% | 36% | 26% | 25% | 25% | |
| Net Profit + | 192 | 387 | 191 | 250 | 198 | 206 | 292 | 218 | 193 | 292 | 354 | 399 | 469 |
| EPS in Rs | 3.97 | 8.01 | 3.95 | 5.17 | 4.11 | 4.25 | 6.05 | 4.52 | 4.00 | 6.04 | 7.32 | 8.26 | 9.71 |
| Dividend Payout % | 0% | 0% | 48% | 74% | 83% | 82% | 93% | 100% | 100% | 101% | 100% | 99% |
Financials of Gujarat Pipavav Port Ltd
Capital structure and asset base
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
| Reserves | 920 | 1,307 | 1,513 | 1,536 | 1,531 | 1,538 | 1,601 | 1,549 | 1,549 | 1,595 | 1,609 | 1,635 | 1,691 |
| Borrowings + | 304 | 0 | 0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 79 | 63 | 51 |
| Other Liabilities + | 159 | 200 | 282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 526 | 498 | 475 |
| Total Liabilities | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 | 2,681 | 2,699 |
| Fixed Assets + | 1,358 | 1,339 | 1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,358 | 1,329 | 1,342 |
| CWIP | 106 | 65 | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 81 | 83 | 26 |
| Investments | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 |
| Other Assets + | 320 | 503 | 462 | 499 | 509 | 651 | 754 | 839 | 982 | 1,096 | 1,177 | 1,186 | 1,248 |
| Total Assets | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 | 2,681 | 2,699 |
Financials of Gujarat Pipavav Port Ltd
Operating, investing and financing cash movement
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 290 | 444 | 389 | 402 | 315 | 296 | 340 | 384 | 380 | 370 | 485 | 446 |
| Cash from Investing Activity + | -176 | -207 | -285 | -241 | -129 | -122 | -81 | -101 | -166 | -82 | -107 | -56 |
| Cash from Financing Activity + | -54 | -332 | -0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | -401 |
| Net Cash Flow | 60 | -95 | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 | -11 |
| Free Cash Flow | 199 | 330 | 23 | 259 | 261 | 264 | 325 | 339 | 329 | 312 | 413 | 351 |
| CFO/OP | 122% | 104% | 123% | 110% | 98% | 94% | 90% | 105% | 107% | 95% | 109% | 101% |
Financials of Gujarat Pipavav Port Ltd
Working capital efficiency and return ratios
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Working Capital Days | -60 | -31 | -93 | -101 | -91 | -69 | -59 | -75 | -79 | -52 | -106 | -105 |
| ROCE % | 13% | 26% | 17% | 17% | 15% | 16% | 18% | 16% | 15% | 21% | 25% | 25% |