Integrated Filing — IndAS



General information about company
Scrip Code 533248
NSE Symbol GPPL
MSEI Symbol NOTLISTED
ISIN INE517F01014
Name of company Gujarat Pipavav Port Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Port Services
Start date and time of board meeting 29-May-2025   15:45:00
End date and time of board meeting 29-May-2025   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-08-03
Indicate Company website link for updated RPT policy of the Company www.pipavav.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company does not have any Loans and Debt Securities



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2517690000 9876730000
Other income 192480000 810470000
Total income 2710170000 10687200000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 209910000 868260000
(e) Finance costs 15800000 58700000
(f) Depreciation, depletion and amortisation expense 281690000 1170620000
(f) Other Expenses
1 Operating Expenses 384960000 1689170000
2 Other Expenses 355530000 1543530000
Total other expenses 740490000 3232700000
Total expenses 1247890000 5330280000
3 Total profit before exceptional items and tax 1462280000 5356920000
4 Exceptional items 0 0
5 Total profit before tax 1462280000 5356920000
6 Tax expense
7 Current tax 377660000 1386280000
8 Deferred tax -5740000 -20960000
9 Total tax expenses 371920000 1365320000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 1090360000 3991600000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 1090360000 3991600000
17 Other comprehensive income net of taxes -720000 -7600000
18 Total Comprehensive Income for the period 1089640000 3984000000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4834400000 4834400000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 16354140000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.27 8.26
Diluted earnings (loss) per share from continuing operations 2.27 8.26
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.27 8.26
Diluted earnings (loss) per share from continuing and discontinued operations 2.27 8.26
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 12744110000
Capital work-in-progress 827330000
Investment property
Goodwill 0
Other intangible assets 543750000
Intangible assets under development 2590000
Biological assets other than bearer plants
Investments accounted for using equity method 830000000
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 229440000
Total non-current financial assets 229440000
Deferred tax assets (net)
Other non-current assets 15610000
Total non-current assets 15192830000
2 Current assets
Inventories 99180000
Current financial asset
Current investments 0
Trade receivables, current 476540000
Cash and cash equivalents 125570000
Bank balance other than cash and cash equivalents 10563730000
Loans, current 2250000
Other current financial assets 2790000
Total current financial assets 11170880000
Current tax assets (net) 209270000
Other current assets 134540000
Total current assets 11613870000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 26806700000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4834400000
Other equity 16354140000
Total equity attributable to owners of parent 21188540000
Non controlling interest
Total equity 21188540000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 460730000
Total non-current financial liabilities 460730000
Provisions, non-current 32580000
Deferred tax liabilities (net) 1238580000
Deferred government grants, Non-current
Other non-current liabilities 325400000
Total non-current liabilities 2057290000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 11090000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 454120000
Total Trade payable 465210000
Other current financial liabilities 484920000
Total current financial liabilities 950130000
Other current liabilities 1592200000
Provisions, current 1018540000
Current tax liabilities (Net) 0
Deferred government grants, Current
Total current liabilities 3560870000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 5618160000
Total equity and liabilites 26806700000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement of post employment benefit obligations -960000 -10160000
Total Amount of items that will not be reclassified to profit and loss -960000 -10160000
2 Income tax relating to items that will not be reclassified to profit or loss -240000 -2560000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -720000 -7600000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 5356920000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 63280000
Adjustments for decrease (increase) in inventories -15330000
Adjustments for decrease (increase) in trade receivables, current 98340000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 17270000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 7490000
Adjustments for other financial assets, current 26810000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -158150000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 47780000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1170620000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1790000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -200000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 5770000
Adjustments for dividend income 0
Adjustments for interest income 716390000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 2110000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -49770000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 501420000
Net cash flows from (used in) operations 5858340000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1397180000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 4461160000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 954120000
Proceeds from sales of investment property 0
Purchase of investment property 389370000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 781490000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -562000000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 283980000
Dividends paid 3722490000
Interest paid 3700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -4010170000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -111010000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -111010000
Cash and cash equivalents cash flow statement at beginning of period 236580000
Cash and cash equivalents cash flow statement at end of period 125570000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-Nov-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Sale of goods or services 1921160000 None 860050000 0 0
2 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Purchase of goods or services -36400000 None -18940000 0 0
3 Gujarat Pipavav Port Limited APM Terminals Mauritius Limited Promoter Company Dividend paid 0 None -850960000 0 0
4 Gujarat Pipavav Port Limited Maersk Line India Pvt Ltd Promoter Group Sale of goods or services 570000 None 290000 0 0
5 Gujarat Pipavav Port Limited Maersk Line India Pvt Ltd Promoter Group Any other transaction Expenses incurred on behalf of others 50000 None 20000 0 0
6 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Purchase of goods or services -69800000 None -31970000 0 0
7 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Expenses incurred on behalf of listed co -54510000 Approved at Actuals -54510000 0 0
8 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Expenses incurred on behalf of others 13680000 Approved at actuals 13680000 0 0
9 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Expenses incurred on behalf of listed co -2310000 Approved at Actuals -2310000 0 0
10 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Capital Expenditure -11130000 None -11130000 0 0
11 Gujarat Pipavav Port Limited GPRO Services India Pvt Ltd Promoter Group Purchase of goods or services -6250000 None -3250000 0 0
12 Gujarat Pipavav Port Limited GPRO Services India Pvt Ltd Promoter Group Any other transaction Expenses incurred on behalf of listed co -1130000 Approved at Actuals -1130000 0 0
13 Gujarat Pipavav Port Limited Aqaba Container Terminal Promoter Group Any other transaction Expenses incurred on behalf of listed co -20000 Approved at Actuals -20000 0 0
14 Gujarat Pipavav Port Limited Pipavav Railway Corporation Ltd Associate Company Purchase of goods or services -5280000 None -2460000 0 0
15 Gujarat Pipavav Port Limited AP Moller Maersk A/S Group's Parent Company Any other transaction Expenses incurred on behalf of listed co -390000 Approved at Actuals -390000 0 0
16 Gujarat Pipavav Port Limited AP Moller Maersk A/S Group's Parent Company Any other transaction Expenses incurred on behalf of others 4580000 Approved at Actuals 4580000 0 0
17 Gujarat Pipavav Port Limited Maersk Line Fleet Management and Technology Pvt Ltd Promoter Group Any other transaction Expenses incurred on behalf of listed co -100000 Approved at Actuals -100000 0 0
18 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Any other transaction Trade Receivable 0 None 0 269140000 234130000
19 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Any other transaction Trade Payable 0 None 0 -123500000 -43670000
20 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Any other transaction Deposit Received 0 None 0 -40000000 -40000000
21 Gujarat Pipavav Port Limited Maersk A/S Promoter Company Any other transaction Accrual of Incentive and Rebate 0 None 0 -105760000 -22070000
22 Gujarat Pipavav Port Limited Maersk Line India Pvt Ltd Promoter Group Any other transaction Trade Receivable 0 None 0 60000 20000
23 Gujarat Pipavav Port Limited Maersk Line India Pvt Ltd Promoter Group Any other transaction Deposit Received 0 None 0 -30000 -30000
24 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Trade Receivable 0 None 0 5910000 5150000
25 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Trade Payable 0 None 0 -54530000 -76220000
26 Gujarat Pipavav Port Limited APM Terminals Management BV Promoter Group Any other transaction Capital Creditors 0 None 0 -23140000 -11090000
27 Gujarat Pipavav Port Limited GPRO Services India Pvt Ltd Promoter Group Any other transaction Trade Payable 0 None 0 -1680000 -2050000
28 Gujarat Pipavav Port Limited GPRO Services India Pvt Ltd Promoter Group Any other transaction Deposit Made 0 None 0 2450000 2450000
29 Gujarat Pipavav Port Limited Pipavav Railway Corporation Ltd Associate Company Any other transaction Trade Payable 0 None 0 -760000 -840000
30 Gujarat Pipavav Port Limited Pipavav Railway Corporation Ltd Associate Company Any other transaction Deposit Received 0 None 0 -30000 -30000
31 Gujarat Pipavav Port Limited Pipavav Railway Corporation Ltd Associate Company Any other transaction Investment 0 None 0 830000000 830000000
32 Gujarat Pipavav Port Limited AP Moller Maersk A/S Group's Parent Company Any other transaction Trade Receivable 0 None 0 3230000 1040000
33 Gujarat Pipavav Port Limited AP Moller Maersk A/S Group's Parent Company Any other transaction Trade Payable 0 None 0 -5870000 -9540000
34 Gujarat Pipavav Port Limited Maersk Line Fleet Management and Technology Pvt Ltd Promoter Group Any other transaction Trade Payable 0 None 0 -30000 -40000
35 Gujarat Pipavav Port Limited Samir Chaturvedi Other Related Party Any other transaction Sitting Fees and Commission Paid 0 None -600000 0 0
36 Gujarat Pipavav Port Limited Monica Widhani Other Related Party Any other transaction Sitting Fees and Commission Paid 0 None -250000 0 0
37 Gujarat Pipavav Port Limited Matangi Gowrishankar Other Related Party Any other transaction Sitting Fees and Commission Paid 0 None -700000 0 0
38 Gujarat Pipavav Port Limited Girish Aggarwal Key Management Personnel Remuneration 0 None -15560000 0 0
39 Gujarat Pipavav Port Limited Santosh Breed Key Management Personnel Remuneration 0 None -8450000 0 0
40 Gujarat Pipavav Port Limited Manish Agnihotri Key Management Personnel Remuneration 0 None -5580000 0 0
Total value of transaction during the reporting period -129690000