Gujarat Pipavav Port Limited – Investor Presentation Summary

Key Operational Highlights

  • Container volumes: 168,659 TEUs (+3% YoY)
  • Dry Bulk volumes: 520,478 MT (-7% YoY)
  • Liquid volumes: 221,180 MT (-47% YoY)
  • RORO volumes: 65,411 units (+53% YoY)

Key drivers of operational performance: Middle East conflict created mixed impacts - additional container transhipment volume but lower minerals import in bulk and lower LPG & Fuel Oil imports in liquid. RORO saw higher exports driven by OEMs.

Financial Highlights

Revenue: ₹3,318 million (+33% YoY)

EBITDA: ₹2,140 million (+45% YoY)

PAT: ₹1,469 million (+46% YoY)

EBITDA Margin: 64% (vs 59% in Q1 FY26)

EBIT: ₹1,826 million (+58% YoY)

YoY comparison: All key financial metrics showed strong growth compared to Q1 FY2026.

Drivers of financial performance: Excluding duty benefit scrips revenue & expenses, revenue was higher by 20% driven by RORO & Container segments, EBITDA higher by 25%, EBIT higher by 31%, with margin at 61% up by 200 basis points, and net profit higher by 24%.

Profit and Loss Statement (INR Million)

| Particulars | Jun-26 | Mar-26 | % Change QoQ | Jun-25 | % Change YoY |

| Revenue from Operations | 3,317 | 3,172 | +5% | 2,501 | +33% |

| Operating Expenses | 437 | 413 | +6% | 403 | +8% |

| Employee benefits expense | 256 | 210 | +21% | 225 | +14% |

| Other Expenses | 485 | 317 | +53% | 401 | +21% |

| Total Expenditure | 1,178 | 940 | +25% | 1,029 | +15% |

| EBITDA | 2,140 | 2,232 | -4% | 1,473 | +45% |

| EBITDA % | 64% | 70% | - | 59% | - |

| Depreciation | 314 | 303 | +4% | 315 | 0% |

| EBIT | 1,826 | 1,929 | -5% | 1,158 | +58% |

| Other Income | 155 | 162 | -4% | 211 | -27% |

| Finance Cost | 7 | 40 | -37% | 19 | -62% |

| Exceptional Item | - | -188 | -100% | - | 0% |

| Profit Before Tax | 1,973 | 1,891 | +4% | 1,351 | +46% |

| Tax Expense | 504 | 490 | +3% | 343 | +47% |

| Net Profit | 1,469 | 1,408 | +4% | 1,007 | +46% |

Balance Sheet Snapshot

Not Specified

Capex & Cash Flow Health

Not Specified

Strategic & R&D Initiatives

Not Specified

Industry Trends & Business Environment

Macro/Industry Trends: Middle East conflict impacting trade flows - creating both opportunities (additional transhipment volumes) and challenges (reduced bulk and liquid imports).

Impact on Company: The conflict had dual effects - positive for container transhipment but negative for bulk minerals and liquid imports (LPG & Fuel Oil). RORO exports benefited from increased OEM activity.

Management Commentary & Growth Outlook

Strategic Outlook: Not explicitly stated in the presentation

FY Guidance: Not provided

Market Share Targets: Not specified

Risks and Opportunities: Middle East conflict continues to impact trade patterns and cargo volumes across different segments.