Gujarat Pipavav Port Limited Releases Quarterly Financial Results; Notes on Director Change and SEIS Scrip Realization
Gujarat Pipavav Port Limited has announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results show key operational performance metrics and detail recent developments regarding governance changes and regulatory approvals related to Service Exports from India Scheme (SEIS) Duty Credit Scrips.The Company’s financial status reflects the continuation of its port operations, with details provided across standalone and consolidated statements.
Financial Performance Summary
The Standalone Statement shows Total Income for the three months ended June 30, 2026, at 3,472.20 million. Net Profit for the period stood at 1,468.77 million, corresponding to a basic earning per share (EPS) of 3.04.The Consolidated Statement reports Total Income of 3,472.20 million and recorded a Net Profit for the quarter ending June 30, 2026, of 1,479.00 million.
Financial data across periods is presented in the tables below:
Standalone Unaudited Financial Results (Q ended June 30, 2026)
(Figures in Million)
| Particulars | Q Ended 30/06/2026 (Unaudited) | Preceding 3 Months End 31/03/2026 (Audited) | Corresponding 3 Months Ended in the previous year (Unaudited) | Year Ended 31/03/2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 3,317.67 | 3,172.14 | 2,501.30 | 11,583.78 |
| Other Income | 154.53 | 161.65 | 211.02 | 771.07 |
| Total Income | 3,472.20 | 3,333.79 | 2,712.32 | 12,354.85 |
| Total Expenses | 1,499.13 | 1,254.86 | 1,361.76 | 5,829.36 |
| Profit before exceptional items and tax | 1,973.07 | 2,078.93 | 1,350.56 | 6,525.49 |
| Net Profit for the period | 1,468.77 | 1,400.14 | 1,007.27 | 5,003.55 |
Consolidated Unaudited Financial Results (Q ended June 30, 2026)
(Figures in Million)
| Particulars | Q Ended 30/06/2026 (Unaudited) | Preceding 3 Months End 31/03/2026 (Audited) | Corresponding 3 Months Ended in the previous year (Unaudited) | Year Ended 31/03/2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 3,317.67 | 3,172.14 | 2,501.30 | 11,583.78 |
| Other Income | 154.53 | 161.65 | 211.02 | 733.07 |
| Total Income | 3,472.20 | 3,333.79 | 2,712.32 | 12,316.85 |
| Total Expenses | 1,499.13 | 1,254.86 | 1,361.76 | 5,829.36 |
| Profit before exceptional items and tax | 1,985.01 | 2,104.52 | 1,392.55 | 6,698.39 |
| Net Profit for the period | 1,479.00 | 1,422.00 | 1,043.25 | 5,151.65 |
Operational and Governance Updates
The Company reported a change in its board composition. Ms. Monica Widhani ceased to be a Director of the Company after completing her 5-year tenure. The Board of Directors approved the appointment of Mrs. Harjeet Kaur Joshi as an Independent Director, effective July 1, 2026.In terms of regulatory and financial receivables, the Company successfully transferred SEIS Duty Credit Scrips related to foreign exchange earned from eligible Maritime Transport Services. Specifically:
- The Company realized a consideration of 502.40 million for the transfer of SEIS Duty Credit Scrips pertaining to FY 2017-18 and FY 2018-19, which had an aggregate face value of 521.70 million.
- During the current quarter, the Company received approval for SEIS Duty Credit Scrips relating to FY 2015-16 (INR 138.43 million) and FY 2016-17 (INR 180.14 million), with an aggregate face value of INR 318.57 million. These scrips were recognized and transferred during the current quarter for an aggregate consideration of INR 309.49 million.
Notes on Dispute Resolution
The reports provided details concerning protracted matters, including a case involving the Gujarat Maritime Board (GMB). The Expert Committee proposed a final settlement amounting to INR 188.31 million in this dispute. The Board of Gujarat Pipavav Port Ltd accepted this proposal. Consequently, the Company recognized INR 188.31 million as an exceptional item during the quarter and adjusted its receivable from GMB (INR 185.35 million) and recognized a corresponding liability of INR 2.96 million in the standalone financial results for the previous quarter.GPPL Stock Price Movement
Today, shares of Gujarat Pipavav Port Limited settled higher after closing at ₹149.79, buoyed by a gain of 1.59%. The equity traded successfully within its day range, recording a total volume of 986,838 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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