Gujarat Pipavav Port Q2 profit more than doubles with strong revenue growth

Gujarat Pipavav Port reported Q2 consolidated profit of Rs 52.7 crore, up 113% YoY, while revenue increased 23% to Rs 429.2 crore. The company attributed strong performance to higher cargo volumes, improved operational efficiency, and better handling rates. Analysts highlighted that the surge in profit reflects effective cost management and higher throughput in container and bulk operations. Market observers expect continued growth momentum, driven by strategic port expansion plans and trade recovery across key shipping lanes, reinforcing Gujarat Pipavav Port's leadership position in western India.