Shares of Gujarat Pipavav Port Ltd rose 1.5% to hit a day’s high of Rs 157.88 on 25th September. This occurred after the firm announced it had received a letter dated 24th September, 2025, from ONGC. The letter awarded a contract to hire port and storage facilities at Pipavav Port. The contract will run for five years, commencing on 1st October 2025.

The company stated that this notification will result in a formal agreement with ONGC. Gujarat Pipavav Port will provide marine support and storage facilities as ONGC sets up its offshore supply base at the port.

For the quarter ended 30th June, 2025, Gujarat Pipavav Port reported a 4.8% year-over-year decline in consolidated net profit to Rs 104.3 crore from Rs 109.6 crore in the same period a year earlier. Revenue from operations rose 1.8% to Rs 250.4 crore from Rs 246 crore, supported by mixed cargo performance.

EBITDA slipped 1% to Rs 148 crore from Rs 150 crore, and the operating margin narrowed to 59.1% from 60.8%. Container volumes fell 1% on lower Exim demand, while bulk cargo grew 1% on higher mineral shipments.

Liquid cargo volumes jumped 21% on stronger LPG handling. Additionally, roll-on/roll-off (RoRo) volumes rose 11% with higher dispatches from original equipment manufacturers (OEMs).

At 11:43 AM, the shares of Gujarat Pipavav Port were trading 1.43% higher at Rs 155.40 on NSE.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!