The Nikhil Gandhi-promoted Gujarat Pipavav Port on October 22 reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30. The company had recorded a net profit of Rs 8.2 crore in the corresponding July-September period last year.
The total income of the company, which operates by calendar year, grew to Rs 126.2 crore, which is a 34 per cent growth over the same period last year, the company said in a statement. It notched a 30 per cent increase in volume on additional services and upsizing in the container cargo segment, while on the bulk and general cargo front, there was a 31 per cent increase in volumes on higher mineral and coal shipments, it said.
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