Gujarat Pipavav Port

Gujarat Pipavav Port reported a strong Q3 FY26 with EBITDA margins of 58%Current reported value: 58%. No comparable prior figure is available in the source record. (up 100bps YoY) driven by record RoRo volumes of 62,000+ carsCurrent 62,000+ cars. Reported change: +39% QoQ. (up 39% QoQ) and 25%Current 25%. Reported change: +25% YoY. growth in dry bulk. Container volumes grew 7%Current 7%. Reported change: +7% QoQ. QoQ, showing early signs of recovery after several quarters of decline, aided by Red Sea reopening and structural initiatives with Maersk. Management remains cautiously optimistic on containers, awaiting one more quarter to confirm trend. Liquid volumes were flat, but the new liquid jetty (3.2 MMT capacity) is on track for December 2026 commissioning. A 5% tariff hike effective January is expected to flow through as 3-4% revenue uplift. Key risks include potential volatility in fertilizer volumes after two strong quarters and uncertainty around the concession renewal (expiring 2028) which underpins the ₹17,000 croreCurrent reported value: ₹17,000 crore. No comparable prior figure is available in the source record. capex plan.