Gujarat Pipavav Port Ltd. (APM Terminals Pipavav) Q2 FY26 Financial Results

Key Financial Highlights (Q2 FY26 vs. Q2 FY25) Net Profit: The company achieved a 113% increase in net profit, reaching ₹160.7 crore compared to ₹75.4 crore in the corresponding prior-year period. Revenue from Operations: Revenue grew 32% to ₹299.3 crore, ascending from ₹227 crore in Q2 FY25. EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization rose 34.2% to ₹178 crore, up from ₹132.4 crore. Analysis of Operational Performance The robust top-line growth is attributed to a combination of higher cargo volumes and improved logistics throughput. Profitability metrics strengthened significantly. The EBITDA margin expanded 110 basis points to 59.4%, compared to 58.3% in the previous year. This margin improvement reflects sustained cost discipline and the successful execution of operational leverage. This quarter's results represent a significant acceleration in performance compared to Q1 FY26 (April–June 2025), which reported a 4.8% decline in net profit and a 1% dip in EBITDA. The Q2 figures indicate a strong recovery in operational momentum and profitability. Shareholder Value and Dividend Declaration Reflecting the strong financial performance and positive outlook, the Board of Directors has approved the following: Interim Dividend: An interim dividend of ₹5.40 per share has been declared for the 2026 fiscal year. Record Date: The record date for determining shareholder eligibility for the dividend is November 12, 2025. Payment Date: The dividend payment is scheduled to be completed by November 25, 2025, subject to applicable taxes. This quarter underscores the company's strong market position and its ability to efficiently convert revenue growth into enhanced profitability and shareholder returns.