Gujarat Pipavav Port Q1 Update: Container cargo volume handled flat at 1.64 lakh Teus

By Admin

09 Jul, 2025

Gujarat Pipavav Port Ltd. released its business update for the quarter ended June 2025, revealing largely stable cargo handling performance. The port reported handling 1.64 lakh TEUs (Twenty-foot Equivalent Units) of container cargo in the first quarter marginally down by 0.6% from 1.65 lakh TEUs handled in the same quarter last year. This flat trend indicates a consistent operational output despite market fluctuations.

Stable Bulk Cargo, Uptick in Liquid Cargo

The port’s dry bulk cargo volume remained steady at 0.55 million tonnes, reflecting a stable demand for dry commodities. Meanwhile, liquid cargo volumes increased to 0.41 million tonnes, indicating an encouraging rise in the handling of petroleum and chemical-based shipments.

Rail Movement Sees Modest Decline

There was a slight drop in the number of container trains handled during the quarter, totaling 447 trains, compared to the previous year’s figures. The volume of containers moved via rail also fell to 99,000 TEUs, down from 1.02 lakh TEUs in the same period last year. This dip could be reflective of modal shifts or operational constraints affecting train cargo logistics.

Market Response and Stock Performance

The Q1 update was shared post-market hours. On the day of the announcement, Gujarat Pipavav’s stock closed 1.3% lower at ₹155.31 on the NSE, even as the benchmark Nifty rose by 0.24%. Over the past 12 months, the company’s shares have witnessed a 30.16% decline, and are down 14.80% year-to-date, signaling investor caution.

Analyst Sentiment Remains Mixed

According to Bloomberg data, analyst sentiment is divided on Gujarat Pipavav. Out of nine analysts covering the stock, three recommend a 'buy', three suggest 'hold', and three advise 'sell'. The average 12-month price target for the stock hints at a potential downside of 6.5% from its last traded price, indicating that the market might still be weighing in on future performance visibility.

Conclusion

Gujarat Pipavav Port’s Q1 performance underscores a phase of operational steadiness amid broader logistical and economic uncertainties. While cargo volumes have largely held firm, a noticeable dip in train-handled containers and ongoing stock pressure suggest the company might need strategic pivots to boost performance in upcoming quarters. Stakeholders and investors will be watching the port’s initiatives closely as it navigates the year ahead.