Gujarat Pipavav Port's Q1 net up 124%

Net sales jumped 19% to Rs 122 crore

Gujarat Pipavav Port, a part of an international network of ports and terminals belonging to APM Terminals of the AP Moller-Maersk group, has posted 124% rise in its net profit at Rs 35.2 crore for the first quarter ended June 30, 2013 as compared to Rs 15.7 crore in the corresponding period last year.

Net sales of the company also jumped 19% to Rs 122 crore in Q1, ’14 as opposed to Rs 102.5 crore in the same period previous year.