The net profit of Gujarat Pipavav Port declined 38.2 percent to Rs 8.17 crore during July-September 2012 quarter compared to the year-ago period.
The fall in the bottomline is attributed to the 6.5 percent decline in net sales to Rs 86.47 crore during the period compared to July-September 2011.
Gujarat Pipavav Port is the country's first private sector port providing facilities for handling both container and bulk cargoes.
Over the past one month till 14 January 2013, the stock of the company underperformed the market, falling 2.74 percent compared with the Sensex's 3.05 percent rise. The scrip also underperformed the market in the past one quarter, falling 5.25 percent as against Sensex's 6.59 percent rise.
The company has equity capital of Rs 483.44 crore. Face value per share is Rs 10.