Board Meeting Details

The Board of Directors meeting was held on 21st July, 2026, commencing at 2:00 p.m. (IST) and concluding at 3:45 p.m. (IST). The financial results were reviewed and recommended by the Audit Committee and approved by the Board.

Consolidated Financial Results (₹ in crore)

Income:

  • Revenue from operations: ₹1,444.83
  • Other income: ₹56.80
  • Total income: ₹1,501.63

Expenses:

  • Operating expenses: ₹645.10
  • Employee benefits expense: ₹56.35
  • Finance costs (interest and bank charges): ₹94.79
  • Exchange (gain)/loss: ₹7.26
  • Depreciation and amortization: ₹165.79
  • Other expenses: ₹69.55
  • Total expenses: ₹1,038.84

Profitability:

  • Profit before exceptional items and tax: ₹462.79
  • Exceptional items: None in current quarter (₹72.49 in previous quarter)
  • Profit before tax: ₹462.79
  • Total tax expense: ₹105.19 (Current tax: ₹86.03, Deferred tax: ₹19.16)
  • Net profit for the period: ₹357.60

Other Comprehensive Income: ₹9.77

Total Comprehensive Income: ₹367.37

Attribution:

  • Net profit attributable to owners: ₹346.63
  • Net profit attributable to non-controlling interests: ₹10.97

Earnings Per Share (Face Value ₹2):

  • Basic EPS: ₹1.65
  • Diluted EPS: ₹1.65

Standalone Financial Results (₹ in crore)

Income:

  • Revenue from operations: ₹163.59
  • Other income: ₹78.21
  • Total income: ₹241.80

Expenses:

  • Operating expenses: ₹76.36
  • Employee benefits expense: ₹6.57
  • Finance costs (interest and bank charges): ₹60.21
  • Foreign exchange gain: (₹2.27)
  • Depreciation and amortization: ₹1.35
  • Other expenses: ₹9.23
  • Total expenses: ₹151.45

Profitability:

  • Profit before exceptional items and tax: ₹90.35
  • Exceptional items: None in current quarter (₹1.25 in previous quarter)
  • Profit before tax: ₹90.35
  • Total tax expense: ₹15.18 (Current tax: ₹10.94, Deferred tax: ₹4.24)
  • Net profit for the period: ₹75.17

Earnings Per Share (Face Value ₹2):

  • Basic EPS: ₹0.36
  • Diluted EPS: ₹0.36

Segment Information (Consolidated)

Revenue:

  • Port Operations: ₹1,207.60 crore
  • Logistic Operations: ₹237.23 crore
  • Total: ₹1,444.83 crore

Segment Results:

  • Port Operations: ₹462.33 crore
  • Logistic Operations: ₹50.73 crore
  • Total: ₹513.06 crore

Segment Assets:

  • Port Operation: ₹19,733.07 crore
  • Logistic Operation: ₹4,966.98 crore
  • Unallocable: ₹3,200.70 crore
  • Total: ₹27,900.75 crore

Segment Liabilities:

  • Port Operation: ₹8,484.89 crore
  • Logistic Operation: ₹846.50 crore
  • Total: ₹9,331.39 crore

Capital Raising Activity

The company raised ₹6,555 crore through qualified institutions placement on June 26, 2026, by allotting 23,00,00,000 equity shares of ₹2 each at an issue price of ₹285 per share. This was at a discount of ₹5.35 per share to the floor price of ₹290.35 per share.

Paid-up Capital

Paid-up equity share capital increased to ₹464.70 crore (from ₹417.04 crore in previous quarter) due to the QIP issuance.

Auditor's Review

Shah Gupta & Co., Chartered Accountants (Firm Registration No.: 109574W) issued an unmodified review report on both standalone and consolidated financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Key auditor qualifications:

  • Consolidated results include 4 subsidiaries (total revenue ₹353.31 crore, net profit ₹66.22 crore) reviewed by their auditors
  • Consolidated results include 17 subsidiaries (total revenue ₹230.83 crore, net profit ₹5.53 crore) not reviewed by their auditors but considered not material to the Group
  • Certain foreign subsidiaries' results were converted from local GAAP to Indian GAAP by management

Exceptional Items

No exceptional items in current quarter. Previous quarter included ₹72.49 crore comprising impact of Labour codes on employee benefits (₹4.65 crore) and damage to tanks and allied infrastructure at Liquid Terminal at Fujairah (₹67.84 crore).