# Pipavav Port profit up 42% but warns of 80,000 TEU loss

2026-08-12T19:46:03+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Gujarat Pipavav Port Ltd reported a 42% year-on-year rise in consolidated net profit to Rs 148 crore for the April-June quarter, with revenue up 33% to Rs 332 crore. However, managing director Girish Aggarwal told investors that the port expects to lose 70,000-80,000 TEUs of container volumes this financial year because the Shaheen Express service to Jebel Ali has been suspended since March due to the Middle East conflict. The port’s container throughput edged up 2.4% to 1.68 lakh TEUs, while Ro-Ro volumes soared 54.8% to 65,000 units. Dry bulk cargo fell 5.5% and liquid cargo plunged 46.3%. A new Maersk FI2 service connecting the Far East has partly offset the loss, and the port still targets 4-5% container growth for the full year. The management expects liquid cargo to recover as alternative LPG supplies from the US become available.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/economy/logistics/gujarat-pipavav-port-q1-fy27-profit-rises-42-to-148-cr/article71336873.ece>
- thehindubusinessline.com <https://www.thehindubusinessline.com/economy/logistics/gujarat-pipavav-port-expects-80000-teu-hit-as-shipping-to-west-asia-likely-to-remain-suspended-through-fy27/article71340338.ece>

Tags: container throughput, Gujarat Pipavav Port, port cargo, profit, Q1 results, Ro-Ro cargo
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