However, revenue from operations rose 1.81% year on year (YoY) to Rs 250.44 crore in Q1 FY26.
Total expenses gained 6.65% to Rs 135.63 crore in Q1 FY26 over Q1 FY25. Operating expenses stood at Rs 40.32 crore (down 3.23% YoY), employee benefits expense was Rs 22.46 crore (up 8.18% YoY), and finance costs were at Rs 1.87 crore (up 11.30% YoY) during the period under review.
The board of directors of the company recommended a final dividend of Rs 4.20 per equity share for the financial year ended 31st March 2025. The dividend is subject to shareholder approval at the company’s annual general meeting (AGM) scheduled for Thursday, 4th September 2025.
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far East on the other side.
Shares of Gujarat Pipavav Port rose 0.16% to currently trade at Rs 157.10 on the BSE.