Gujarat Pipavav Port spurts after robust Q4 earnings

Gujarat Pipavav Port rose 11.75% to Rs 71.35 at 15:24 IST on BSE after net profit surged 114% to Rs 77.10 crore on 22% increase in total income to Rs 145.20 crore in Q4 December 2013 over Q4 December 2012.

The result was announced during trading hours today, 18 February 2014.

Meanwhile, the BSE Sensex was up 147.15 points, or 0.72%, to 20,611.21.

On BSE, so far 8.50 lakh shares were traded in the counter, compared with an average volume of 1.14 lakh shares in the past one quarter.

The stock hit a high of Rs 72.90 and a low of Rs 63.25 so far during the day. The stock hit a 52-week high of Rs 66.60 on 31 December 2013. The stock hit a record low of Rs 41.25 on 20 February 2013.

The stock had outperformed the market over the past one month till 17 February 2014, rising 4.76% compared with the Sensex's 2.85% fall. The scrip had outperformed the market in past one quarter, gaining 18.35% as against Sensex's 0.32% rise.

The small-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10.

Gujarat Pipavav Port's EBITDA (earnings before interest, taxes, depreciation and amortization) jumped 47% to Rs 83.50 crore in Q4 December 2013 over Q4 December 2012. EBITDA margins stood at 57% in Q4 December 2013, higher than 48% in Q4 December 2012.

The company's net profit surged 159% to Rs 191.80 crore on 24% increase in total income to Rs 517.90 crore in the year ended December 2013 over the year ended December 2012.

EBITDA jumped 41% to Rs 256.80 crore in the year ended December 2013 over the year ended December 2012. EBITDA margins stood at 50% in the year ended December 2013, higher than 44% in the year ended December 2012.

AP Moller-Maersk group company Gujarat Pipavav Port (APM Terminals Pipavav), one of Western India's fastest growing gateway ports. APM Terminals is one of the largest container terminal operators in the world and offers the global shipping community an integrated Global Terminal Network of 56 ports and 154 inland facilities in 63 countries.