Gujarat Pipavav Q4 Review - Strong Earnings; Container Cargo Remains Sluggish: Centrum Broking

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Gujarat Pipavav Port Ltd.'s Q4 FY22 recurring profit after tax grew by 19.4% YoY to Rs 683 million (our estimate: Rs 599 million) led by higher realisations/margins. Reported profit after tax grew 10% YoY to Rs 717 million after accounting for insurance proceeds. Container volumes in Q4 FY22 were weak due to skipped calls, lower volumes from new services and loss of ~60,000 twenty-foot equivalent units due to cyclone in May 2021. Having said that, it is seeing lower skipped calls and incremental volume addition from the Nhava Sheva Mundra Gulf line and higher transhipment volumes (though transhipment typically does not add to Ebitda). Gujarat Pipavav's management has guided for bulk volumes to largely sustain at FY22 levels with only a small dip if at all. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat Pipavav Q4 Review - Strong Earnings; Container Cargo Remains Sluggish: Centrum Broking

Gujarat Pipavav Q4 Review - Strong Earnings; Container Cargo Remains Sluggish: Centrum Broking

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