Gujarat Pipavav Q1 FY27 slides: margins expand despite cargo mix shift

Gujarat Pipavav Port Limited reported a 33% year-over-year revenue growth for Q1 FY27, reaching INR 3,318 million, while underlying performance excluding one-time duty benefit scripts grew by 20%. The company's EBITDA margin expanded to 61%, a 200 basis point increase from the previous year, indicating improved operating leverage. Despite challenges in the cargo mix due to the Middle East conflict and port congestion, container volumes grew modestly by 3% to 168,659 TEUs, and RoRo volumes jumped by 53%.

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