Gujarat Pipavav Port Limited announced its Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025. Total Income for the standalone entity for the quarter stood at ₹3,075.18 million, compared to ₹2,816.40 million in the corresponding period last year. Net Profit for the standalone entity reached ₹1,013.08 million for the quarter. The results were approved by the Board on 10th February 2026.
Financial Performance: Q3 FY2025-26 Disclosure
Gujarat Pipavav Port Limited submitted its Unaudited Standalone and Consolidated financial results for the third quarter (Q3) and nine months ended 31st December 2025, following the Board Meeting held on 10th February 2026.
Standalone Results Highlights (Quarter Ended 31/12/2025)
The company reported strong top-line figures for the quarter:
- Total Income: ₹3,075.18 million, up from ₹2,816.40 million in the corresponding period of the previous year.
- Profit Before Tax (PBT): ₹1,360.59 million (compared to ₹1,257.83 million previously).
- Net Profit: ₹1,013.08 million.
- Earnings Per Share (EPS): Basic and diluted EPS stood at ₹2.10 for the quarter.
Consolidated Results Highlights (Quarter Ended 31/12/2025)
The consolidated results reflect the performance of the company and its associate, Pipavav Railway Corporation Limited:
- Total Income: ₹3,075.18 million, mirroring the standalone revenue.
- Profit Before Tax (PBT): ₹1,437.61 million, up from ₹1,320.70 million year-on-year.
- Net Profit: ₹1,079.09 million.
- EPS: Basic and diluted EPS was reported at ₹2.23 for the quarter.
Key Notes and Disclosures
The financial statements carry important context regarding regulatory developments and legal matters:
New Labour Codes Impact
The adoption of four new Labour Codes by the Government of India resulted in an immediate accounting impact. The company recognized ₹43.29 million as a past service cost related to gratuity due to the change in the definition of ‘wages’ under these new codes. This amount has been treated as an Exceptional Item in the profit and loss statement for the quarter ended 31st December 2025.
Gujarat Maritime Board (GMB) Dispute
The ongoing dispute resolution process with GMB concerning the encashment of a bank guarantee (amounting to INR 185.35 million) and additional demands for liquidated damages and GST remains active. The aggregate liability, including interest, stands at INR 370.95 million. The company continues to pursue resolution through the alternative dispute resolution mechanism.
Arbitration Matter (Tank Farms)
The arbitration case related to the 1998 agreement for tank farms is progressing. The company has deposited a conditional Bank Guarantee of INR 601.36 million to stay the execution of the award, which estimates a total liability of INR 671.64 million including interest.
Dividend Declarations
The Board approved an interim dividend of INR 5.40 per share, aggregating to INR 2,610.58 million, which was paid in November 2025. The final dividend of INR 4.20 per share (totaling INR 2,030.45 million) for the year ended 31st March 2025 was paid in September 2025.
Source: BSE
