Gujarat Pipavav Port Posts 60% Rise In Q1 Profit

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 1...