APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the standalone financial results for the first quarter ended June 30, 2017. The company reported a net profit of Rs 557 million for Q1FY18 as against Rs 598 million in Q1FY17.

Income from operations for the quarter under consideration stood at Rs 1,691 million as against Rs 1,672 million in Q1FY17. EBIDTA for the quarter was at Rs 1,037 million as against Rs 1,002 million during the same quarter last year. EBIDTA margin stood at 61 per cent in Q1FY18 as against 60 per cent in Q1FY17.

The container cargo business for the quarter stood at about 165,000 TEUs, bulk business was at 505,000 MT and liquid business was at about 213,000 MT. RoRo business handled was about 26,000 cars for the quarter under review.