New Delhi: Gujarat Pipavav Port Ltd (GPPL) on Thursday posted a 60 per cent rise in standalone net profit at Rs 59.75 crore for the fiscal first quarter that ended on June 30, on the back of lower expenses.
The company, a part of APM Terminals, had posted a net profit after tax of Rs 37.23 crore for the corresponding period a year ago, it said in a filing to the BSE.
However, the net sales during April-June quarter declined to Rs 154.66 crore, as against Rs 172.30 crore a year ago.
The company's expenses during the quarter under review declined to Rs 92.06 crore, as against Rs 110.05 crore in the year-ago period.
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