Gujarat Pipavav Port surges 5% post Q4 nos; consolidated PAT slips 9% YoY

Jannie Delucca

Shares of Gujarat Pipavav Port climbed as a lot as 5.22 for each cent to Rs 69.fifty apiece on the BSE on Wednesday, a day soon after the business noted a 9.11 for each cent decline in its consolidated internet earnings at Rs 54.13 crore for the quarter ended March 2020. The business experienced posted earnings of Rs fifty nine.57 crore in the calendar year-in the past time period.

On a standalone foundation, the company’s earnings declined 6.seven for each cent to Rs forty seven.2 crore for the quarter ended March 31, 2020. The port experienced clocked a internet earnings of Rs fifty.6 crore in the fourth quarter of fiscal 2018-19, it stated in a regulatory filing to the BSE.

At 11:04 am, the stock was trading just about four for each cent bigger at Rs 68.55 apiece on the BSE. In comparison, the S&P BSE Sensex was ruling 237

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