GPPL Q1 FY27 Net Profit Rises to ₹146.9 Crore

Summary of Key Information:

Reporting Period: Quarter ended 30th June 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results

Audit Opinion:

Unmodified Limited Review Report by Statutory Auditors M S K A & Associates LLP for both Standalone and Consolidated Accounts.

Key Financial Highlights [All figures in INR million]:

Standalone Results:

| Revenue from Operations | 3,317.67 | 3,172.14 | +4.6% |

| Other Income | 154.53 | 161.65 | -4.4% |

| Total Income | 3,472.20 | 3,333.79 | +4.2% |

| Total Expenses | 1,499.13 | 1,254.86 | +19.5% |

| Profit Before Tax & Exceptional Items | 1,973.07 | 2,078.93 | -5.1% |

| Exceptional Items | (188.31) | - | N/A |

| Profit Before Tax | 1,973.07 | 2,078.93 | -5.1% |

| Tax Expense | 504.30 | 490.48 | +2.8% |

| Net Profit | 1,468.77 | 1,400.14 | +4.9% |

| EPS (₹) | 3.04 | 2.90 | +4.8% |

| Paid-up Equity Share Capital | 4,834.40 | 4,834.40 | No change |

Consolidated Results:

| Revenue from Operations | 3,317.67 | 3,172.14 | +4.6% |

| Other Income | 154.53 | 161.65 | -4.4% |

| Total Income | 3,472.20 | 3,333.79 | +4.2% |

| Total Expenses | 1,499.13 | 1,254.86 | +19.5% |

| Share of Profit of Associate | 11.94 | 25.59 | -53.3% |

| Profit Before Tax & Exceptional Items | 1,985.01 | 2,104.52 | -5.7% |

| Exceptional Items | (188.31) | - | N/A |

| Profit Before Tax | 1,985.01 | 2,104.52 | -5.7% |

| Tax Expense | 506.00 | 494.24 | +2.4% |

| Net Profit | 1,479.00 | 1,422.00 | +4.0% |

| EPS (₹) | 3.06 | 2.95 | +3.7% |

| Paid-up Equity Share Capital | 4,834.40 | 4,834.40 | No change |

Segment-wise Performance:

The Company has only one reportable business segment "Port Services" and one geographical segment "Port at Pipavav" as per Ind AS 108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.

Other Significant Information:

Exceptional Items:

1. Gujarat Maritime Board (GMB) Settlement: Recognized ₹188.31 million as exceptional item for settlement with GMB regarding expansion plan approval dispute. Company adjusted receivable of ₹185.35 million and recognized liability of ₹2.96 million. Settlement accepted by both parties' boards, pending execution of agreement.

2. Labour Code Impact: Previously recognized ₹43.29 million (gratuity past service cost) as exceptional item in Q3 FY26 and FY26 due to new Labour Codes implementation. Government has now notified final Central Rules; company monitoring State Rules finalization.

Legal Matters:

1. Customer Arbitration: Ongoing arbitration case with customer seeking refund of ₹107.30 million with interest (total claim ₹671.64 million including interest of ₹518.24 million). Company submitted bank guarantee of ₹601.36 million to Mumbai High Court on 2nd July 2025. No developments in current quarter.

2. Cyclone Tauktae: Received full and final settlement of ₹282.57 million on 23rd October 2025 (total received ₹350.00 million against expenditure of ₹847.10 million).

SEIS Duty Credit Scrips:

Received approval for SEIS scrips totaling ₹521.70 million (FY17-18: ₹223.35 million, FY18-19: ₹298.35 million) on 22nd April 2026. Recognized at ₹495.62 million (95% face value) in Q4 FY26.
Transferred scrips in current quarter realizing ₹502.40 million, with gain of ₹6.78 million recognized as Other Operating Revenue.
Received additional approval on 8th June 2026 for SEIS scrips totaling ₹318.57 million (FY15-16: ₹138.43 million, FY16-17: ₹180.14 million). Transferred for ₹309.49 million (97.15% face value) in current quarter.

Entities in Consolidation:

Consolidated results include share of net profit after tax of associate Pipavav Railway Corporation Limited (₹11.94 million for current quarter).

Effective Date Clarity:

All financial results are for quarter ended 30th June 2026 (Q1 FY27). Board meeting and approval occurred on 12th August 2026.