Gujarat Pipavav Port Ltd posted a 27% year-on-year increase in consolidated net profit for the fourth quarter of FY26, supported by strong growth in automobile cargo movement and higher operating revenue, despite continued weakness in container traffic.
The port operator reported a consolidated net profit of ₹142 crore for the January–March quarter, while revenue from operations rose 26% year-on-year to ₹317 crore.
For the full financial year FY26, the company recorded a 30% rise in consolidated net profit to ₹515 crore, with revenue from operations increasing 17% to ₹1,158 crore.
RoRo cargo emerges as key growth driver
The RoRo (roll-on/roll-off) segment remained the strongest growth contributor during the year, reflecting robust automobile exports and domestic vehicle movement.
RoRo cargo volumes surged nearly 40% year-on-year to 67,000 units during Q4 FY26. On an annual basis, the port handled 2.29 lakh RoRo units, marking a 40% increase compared to FY25.
Container traffic remains under pressure
Container cargo volumes continued to face headwinds amid softer trade demand and weaker rail-linked movement.
The port handled 1.65 lakh TEUs in Q4 FY26, down around 4% year-on-year, while annual container throughput declined 3.7% to 6.68 lakh TEUs.
Rail-linked container operations also weakened during the year, with container train volumes falling 10% and rail-handled container cargo declining about 5%.
Dry bulk and liquid cargo show resilience
The dry bulk segment delivered solid annual growth despite a softer fourth quarter. Annual dry bulk cargo volumes increased 31% year-on-year to 2.9 million tonnes, although Q4 volumes slipped 2%.
Liquid cargo volumes declined 5% during the March quarter but rose 9% year-on-year to 1.59 million tonnes for the full year.
The company’s board has also proposed a final dividend of ₹5 per equity share for FY26, subject to shareholder approval.
