APM TERMINALS “sir ciosai te 29" October 2015 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 054 Bombay Stock Exchange Limited 14" Floor, P J Towers, Dalal Street, Fort, Mumbai 400 004 Dear Madam/ Sir, Sub: Submission of Unaudited financial results Kindly find enclosed herewith the Unaudited financial results of the Company for the Quarter and Half year ended 30" September 2015 along with Limited Review Report of the Statutory Auditors for reference please. ‘The results have been approved in the Board Meeting of the Company held today. Thank you, Yours truly, it Pipavav Port Limited < solv WwW he m1 Manish Agnihotri ‘Company Sdcretary & Compliance Officer Son tasecure Bonar Rta Comex fanaa 6 Mo #00 098 ina Gre s2oiocsres2A.con8i06 Tai 32 p01 300 F vasga.osaaen2 Reser Oe Postaag no @5 Post Vein Vio Rapa Dart Ae, Guar 385 560 (hi Lesoiperto92etcos8i06 Matarae-a02400 fF tatares anaesAPM TERMINALS." GUJARAT PIPAVAV PORT LIMITED Aepistered Office: Payay Pot, At Pot Ucehalya vi Raul, OM Ark, Guar 365 S60. ‘cin. 620,0g)s902eLcaxer06 Ta 02794 302400 Fax 02794 202413 webste: wniizava.com Email nvesonaateningoy@apmteranak am (El toes) ‘STATEMENT OF STAROALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2015 | ocr | SSR SERS | Eee ‘eet raicalrs Se a | Ebr | | 30/06/2038 | 30/09/2014 |30/09/2015 | 30/09/2014 | 31/03/2015 ‘[Gimaudited) | (Unendited) | (Unaudited) | (Unaudited) | (Auitted) ares —t itr 7 aceaa Raat apunoes —_—} inet Sle oe om Operations mows | 1720725 | 1571500} s4azes0 | si2s600| maine bot oneatg income ‘708s tives) tances) 200.04 | azz Total ticome tromeperations (nt) «4843.49 | anana.an | 27,021.09 | 23,376.60 | 33,230.27 2 | exvensos 7 Spring pense saseas | cosaso| sacase| raise] 724102 ®: Enloes tenets exoege toetee | iaerae zaras | 245000 | Cbepecaton ond amersatonenpenses anda | aos ae | 3sas | «. otmer expenses. 2,629.76 | 3,285.05 5,904.81, 4,769.42 Sota Expenses siiaaie | ando89t aobsnis | avons 2 | eran tom operations befor ose ‘rome, Romncn cons oe cxcepanal | | | iSme te saaaass | so.19996 | + | Siete. | Soa: | “ees: | “anes 5 | promt trom ordinary activin before | | finance costs and exeaptional ems | | Fess soosin | sosaaz | sarzer | t4sa0.s0 5793.26 | 6 | Brine cente | Samay | ase] Saas OME | TAnSSS | “rset 2 | rate tom ardnary stv after | ‘nance cover bu Pore exeaptenat | frome (59) speoss agszse | 1922.67 | 17,008.40 | «3.20029 2 | Extaiathars (ater note 3(e)and 91 | (Gac0) ‘Samoan | itao.es 3 | bree wor eraneryacavies bareratax | 42,438.78 ‘9a. | 20,102.34 | 17,008.00 | 36772005 oa to | SePipenes oer ances ste. 6) | 6041.00 11.90 iT | neremettarasnysctarener” | ai058 | aaene| sosase | soaenss | wzeesso | an ranes Sra) 12 | Ebsoranar tems 3 3 < = : 13 | Recevont ore prog 25-42) saio7e| seenze| esas | 12,392.80 | 37,005.60 | 30,728.05 1 | pats up equty Svar capt (ace vouwss. | 48020 | a8.30.90 | 48.00.97 | 48.9099 aOaess9 | 40.0399 fovea | 15 | eserves exclu revalatn ceserve a 9 | | sa0.7079 | Seis tincvos scouneng yar | | | 1, | pase and cites ennng ershore-teire | 0s] sae} ngs) ust] ase] ae ‘tarry ems (3) 6) so) | | 16s, aasic and cuted Eacning Ber Share - after 1.10 1.86 185 2.76 352 (1 Serdar on 8 (nn) 212rsanuso00'® Mumbai YParticsare DPRRTICULARS OF SHARENOLOING uate srarehoang number ef saree Povcentage of Sherehelding Promoters and promoter grove rare ong 2 Pledged/Encumbered * umber of ses Percentage of shares (3 2% of the total starehoiing of removers end promoter group) Pperentage of shares (262 of the {otal share capital of the Company) b.Mon-encumbered ‘humber of saree Percentage o shares (969 of the total Srarenoing of promoters and promoter sro.) Percentage of shares (as 3% of the {etal share captal ofthe Comasey) Particulars ending ate Beginning of the quarter Received during ne quarter $Remaring umesovea at the fond ot te quater rex expense comiet of num ARemative Tax Creat seresross | svoeress [sormrtve | aoreraes_|erernee_|342ras inset) | tinted) | cieated) | onsets) | nates) | ted _| angugn | mange maaan | assay | maser Soom | nee MERE | RRR | PE | | 207,903,831 | 207,903,931 207,302,931 | 207,903,931 | 207,903,933 | 207,903,931 ‘ion Shin “aon | “boon | "bolton | “som | | ° ° ° dereeres | sreeraes | verse 7360.00 (2,560.00) 1790.00 (4,796.00) (onanaiaed | (Uraueuse) | (see) ‘ajso'00 | "5.280 00 (4,386.00) | (6,260.00) 1390.00 14,580.00) T8000) a §( unas) 5) Ke)[STATEMENT OF ASSETS AND LIABILITIES. ~ chester ———__{8s ia Lacs) rr ae TESeptember 2015) 3a waren 2038 ‘msg | aug [A Beaty and abies | 2 Shareholders’ funds | osha cope 9038399 0303.89 Reserves ond Supls | seaoe7ss| —__a3n.73439 Sub Total - shareholders‘ unde 19243132 | __ 479,078.78 2 Non-curentiablies i 2 Deferred ton lables san100 other gtr abies tive 1406.48 © Long-term provisions Zaan.e| ——_aaarzr Sub Total - Non-corren Mablites 10785.36 3838.25 3 current Lsbties trae payabies 0728 sapnae Bother erent abies Bee israe Short-term prowsons bise27 tse048 ‘Sub Total Gurren Habits 19020.09 | 16,138.90 TOTAL = |QUITY ANO LIABILITIES zaugea7t 199,051.93 8 asses 2) tomcarrent anuts Pred assets 147,309.08 140,457.89 Nomeurent Investments 30000 2300.00 © Longer eens and advances pair 1708.51 Other eomcrrert ees 2.25 | 20205 Sub Total - Non-currentexsets vozs3.08| 66,048.85 | 2 current assets ye mventois sai.oe sae09 Trae ects sens? 353859 Gath aed cash equate ssussa 2491.10 i Shoreterm loans and advances 07699 2193.09 Othe: eure ssa seace | 7081 | Sue Tota current ante assis? s2203.28 | rorat = assers 2.240.741 199,083.931. The above resus have been reviewed by the Aud Commitee on 28 Cetober 2015 and approved by the Basrd of Directors an 29 Gener 2075, the stator Sudere have cornea cul a imied review m terms of clause 8 of ene Ug ‘agreement ve hove expressed 9 angualled review opinion. 2. The Company hs any one reportable buslness segment, which Is “Por services" and only one reportable geogr sania! Seoment, wnch i tre port at Povey. Accordingly, Une Company fe single segment company in accordance wih ‘etountng tardard 17 "Segment Repos” 2. (a) The Company has agsaseed the Impacment provision as at reporting period in accorcance with Accounting Stangerd Se, ‘Consequerty, ie Company has reversed the provision for Impairment no longer require, egprgating INR 6,030.87 ics (nat of sceumuate sepresiaten of INR 5,162.69 Lats) conaiderng une curert business performance end flure Projections. The rod reversals dcoced az exceptional ems. (b) The excetional tem for in teen months pened endes 31 March 2015 includes 1,021.92 acs, wmount ei tome Seeding compen as esnbrement of mobilzasen and other charges ara INR 345817 lcs representing one-time cox of synoction foee, struconng fees, commitment lees, lag & aaminstaton Tees towards cancelation of Toren ‘arreney bor senctcned by Inerraionl France Cocporetn. Censequent rote cancsiatlon of abe, the charge crested ‘onthe attels has een releoses Other income fr the Men months period 31 March 2015, inéudes INK 1,520.00 lacs being the Dvtend received from | ‘Resoite Company, pave Fal Corporsion insted, wich was declared uring the Quarter ended 20 September 2014 Pursuant \o Schedule tt of the Companies Act, 2013 (the Act) belng effective ftom Apr, 2015 the Company has ‘fevieed deprecation rates on certain ed bets 83 ge the Useful We specied in Part °C of Scnedvie I of the Ao” a5 ber the managements esomate base of intemal evalauen. A 2 result of his change, the Geprecaton charge for he {Quarter and sie months enced 30 September 2015 s higher by INR 677-20 lacs and INR 1,487.81 les (of which INK $49.82 lacs pera to sects hase es already exhaustes os 091 ABP 2015) rexpectvely; Taw expences represent sefered tax charge forthe quarter and half year ended September 30, 2015 in accordance wth ‘ecounteg Stundord 72 nats assessment of timing aference for the current year. The Comgeny Is 2 Tex HOIeay ‘eviad un 31 Piarch 2019 under Seaton 60 (IA) ofthe Income Ta Act, 1964. 1. Tae Compuy na hands acorn year rem 1. ecb 1 34 Hac and onze the pres scum | Doar apoio 8 (cr) monty vsey 201031 Mee 0. | 18, The higres forthe sie months pei’ ended 30 September 2019 Is arved at ater adding reviewed results forthe quarter ended 30 Dune 2014 and 30 September 2014 Figures for the previous pena have been reclstiied 1 cororm tothe presentation adopted inthis statement Pipavay Pere Limited eld Pecersen| Managing Director | pace umbat Date 29 october 2015Price Waterhouse Chartered Accountants LLP ‘The Board of Directors Gujarat Pipovav Port Limited Post Uochaiya Via Rajula District Amreli, Gujarat 365560 1, We have reviewed the results of Gujarat Pipavav Port Limited (the “Company") for the quarter ended September 30, 2035 which are included jn the accompanying “Statement of standalone ‘unaudited financial results for quarter and six months ended September 30, 2015 and the statement of assets and liebilities as on that date (the “Statement"), except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the Management but have neither been reviewed nor ‘been audited by us. The Statement has been prepared by the Company pursuant to Clause 43 of the Listing Agreement with the Stock Exchanges in India, which has been initialed by us for identification purposes. This Statement is the responsibility of the Company's ‘management and has been approved by the Board of Directors, Our responsibil a report on the Statement based on our review. 2, We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. 3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an auditand, accordingly, we do not express an audit opinion 4. We have only traced the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shaveholding’ in the Statement from the disclosures made by the Management and ate, therefore, not expressing a review opinion thereon, 5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards notified pursuant to the Companies (Accounting, ‘Standards) Rules, 2006 as per Section 139 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Clause 4 of the Listing Agreement ineluding the manner in which it is to be disclosed, or that it contains any material misstatement. Prige Waterhouse Chartered Accountants LL, 252, Veer Scunrkar Marg, Shivaji Park, Dadar (West) ‘Mumbai ~4o0 028 T: +91 (22) 68691500, F +01 (24) 66547804 / 07 el ie ne Hs: Stas ran Wh Valu Dnt. Det HO 2 site wy i Sandee bes Wonca Sot een uate nro wbvareannscan'e Gea egetPrice Waterhouse Chartered Accountants LLP 6. (@) The financial statements of the Company as at March 91, 2015 and for the fifteen ‘months period ended were audited by another firm of Chartered Accountants who, vide their report dated May 25, 2015, expressed an unmodified opinion on those financial statements. (©) The financial information of the Company set out in the Statement for the quarters ended June 30, 2015, September go, 2014 and June yo, 2014 was reviewed by another firm of Chartered Accountants who, vide their report dated July 30, 2015, November 4, 2014 and July 25, 2015 respectively expressed an unmodified conclusion ‘on the aforesaid financfal information, Our conelusion is not modified in respect of aforesaid matters. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500036 Chartered Accountants KA Priyerfshuw Gundana Place: Mumbai Npostner Date: October 29, 2035 (_ Mewbership Number: 109553