Gujarat Pipavav Q4 container volumes down 8.5%; FY25 cargo declines across segments

Gujarat Pipavav Port Ltd. on Monday reported an 8.5% year-on-year decline in container cargo volumes to 172,000 twenty-foot equivalent units (TEUs) for the January–March quarter. Volumes also fell 2.8% sequentially. For the full year ended March 2025, container volumes dropped over 14% to 694,000 TEUs, the company said in a regulatory filing.

Dry bulk cargo in the March quarter fell nearly 10% on year to 460,000 tonnes and declined more than 36% compared to the previous quarter. Annual volumes were down 18.5% at 2.21 million tonnes.

Liquid cargo was the sole bright spot, rising 5% on year to 400,000 tonnes in the March quarter and gaining 2.6% sequentially. For FY25, liquid cargo volumes increased 14% to 1.46 million tonnes.

Roll-on roll-off cargo surged 41% year-on-year and 9% on quarter to 48,000 units in the fourth quarter. Full-year volumes jumped 69% to 164,000 units.

Rail volumes declined nearly 17% on year to 101,000 TEUs during the quarter and fell 15% over the year to 434,000 TEUs. The port handled 470 container trains in the quarter, down from 496 in the previous three months. Total trains handled in FY25 stood at 1,961, compared to 2,281 a year earlier.