Shares of Gujarat Pipavav Port climbed as much as 5.22 per cent to Rs 69.50 apiece on the BSE on Wednesday, a day after the company reported a 9.11 per cent decline in its consolidated net profit at Rs 54.13 crore for the quarter ended March 2020. The company had posted profit of Rs 59.57 crore in the year-ago period.
On a standalone basis, the company's profit declined 6.7 per cent to Rs 47.2 crore for the quarter ended March 31, 2020. The port had clocked a net profit of Rs 50.6 crore in the fourth quarter of fiscal 2018-19,