Private port operator APM Terminals Pipavav today reported a 26.60 per cent fall in its standalone net profit at Rs 48.58 crore for the quarter ended March 31, 2018.
The company had clocked Rs 66.19 crore net profit in the year-ago quarter, APM Terminals Pipavav said in a BSE filing.
During the quarter under review, the company's total income also decreased to Rs 173.72 crore from Rs 181.25 crore in January-March of the preceding fiscal.
Its expenses during the March quarter rose to Rs 99.31 crore as against Rs 85.89 crore during the same period a year ago.
APM Terminals Pipavav, formerly known as Gujarat Pipavav Port Ltd, is India's first public private partnership (PPP) port having connectivity to the Gujarat region and the Northern hinterlands of the country.
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