Private port operator APM Terminals Pipavav posted a 39% rise in its consolidated net profit during the third quarter of FY 2024.
The company said in its stock exchange filing Monday that it has posted a net profit of Rs 110.27 crore during the quarter as compared to Rs 79.34 crore in the year-ago period.
Its revenue from operations stood at Rs 269.6 crore as compared to Rs 249.25 crore in the year-ago period. The container cargo business for the quarter stood at 2.04 lakh Twenty foot equivalents (TEUs), an increase of 6% year on year.
APM Terminals also handled 589 container trains during the quarter and 29,000 units under RoRo Category. It handled dry bulk volume of 0.76 million MT and liquid bulk volume of 0.32 million MT.