APM TERMINALS “ss ciooaitrave. 4# February 2017 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Dear Madam/ Sir, BSE Limited 14” Floor, P J Towers, Dalal Street, Fort, ‘Mumbai 400 001 Sub: Submission of Unaudited Standalone Financial Results Kindly find enclosed herewith the Unaudited Standalone financial results of the Company for the Quarter and Nine Months ended 31* December 2016 along with the Limited Review Report by the Statutory Auditors for reference please. These have been approved in the Board Meeting of the Company held today and are also ble on our website ww.pipavav.com Thank you, Yours truly, Forcuaeat Pipavav Port Limited \ \I ) ; . Nb \noA WM wave Manish Agnihotri Company Sbcretary & Compliance Officer ‘ujerat para Pott. Sot ce cane Sanara waa Complex Benare (Mumbai 400 098, F $91.29.2082 2422 Reseed fice Va Rais Dame mr {ojrat 365 560 Gv tsanrocss992e.coseI06 F Vox dren soaes3Price Waterhouse Chartered Accountants LLP ‘The Board of Directors Gujarat Pipavay Port Limited Post Ucchaiya Via Rajula, District Amreli, Gujarat 365 560 1. We have reviewed the unaudited financial results of Gujarat Pipavav Port Limited (the Company’) for the quarter and nine months ended December 31, 2016 which are included in the accompanying “Statement of standalone unaudited financial results for the quarter and nine months ended December g1, 2016” (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing, Regulations, 2015”) read with SEBI Circular No, CIR/CMD/FAC/62/2016 dated July 5, 2016, which has been initialled by us for identification purposes. The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Further, the Management is also responsible to ensure that the accounting policies used in preparation of this Statement are consistent with those used in the preparation of the Company's opening unaudited Balance Sheet as at April 1, 2015 prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies. Our responsibility is to issue 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 Statement is 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 audit and accordingly, we do not express an audit opinion. 4. 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 Ind AS and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 and SEBI circular No. CIR/CMD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 1 to the Statement which states that the Company has adopted Ind AS for the financial year commencing from April 1, 2016, and accordingly, the Statement has been prepared by the Company's Management in compliance with Ind AS, Our conclusion is not qualified in respect of above matter For Price Waterhouse Chartered Accountants LLP, Firm Registration Number: 012754N /N500016 Chartered Accountants Ahmedabad February 01, 2017 Membership Number: 109553 Price Waterhouse Chartered Accountants LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West) ‘Mumbai - 400 028 T: 491 (22) 66691500, F: +91 (22) 66547804 / 07 (ined ny Patni wi LL any: LP AAC 8001) eal nants 27ND FCA repaon ge tour a Prati i contest Pree ae Chat ean tart comorion ns O12GUJARAT PIPAVAY PORT LIMITED \ebite: nem pps com Emi nestor ony aprterinaeom 'STATEAIENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2016 ~ Smonansender | esting? | iontizenetin [ures orearen| SEES Giana [ radi [ madd Tete fritters pea eee| vata| sue | satst| ane Pies raatinc dames] weasuos|—sanase| asin] asa Pc neers ek 3 |amd exceptional items (1-2) 7,688.32, 7,059.68, Ta8281 2225814 20,296.73, 3 Pre ee hans and nt ens +4 tmn| —tasise]—samncs|aeamnzo| anor 5 ian. was] neue] aasenn|aaucnte|—aagngo i fovea bear aaa is kite — Dreamers | nner qe rad , me Cr ae a Vo VT Te recraeom Chater Acburlants Boreas 9) Se MnRaer This semen has on prepara in accordance wih the Companies (Indian Accounting Stands) Rules, 2015 ind AS) prescribed ude Section 13 ofthe Compan ‘1 2017 and ater ecagned ccomnting prstess and pcs oe even applicable Beganing | Api 2016, he Company he fr theft sme adopted I AS| ‘whan dio | Api 2015, “The format or ved quately esas pes n SEB Cru No, CIRUCFDICMDIS2015 dated 30 November 205 ha bon mac to comply ih requrements of SHDI5 Crsular Ke. CIRCHDFACS201¢ dated 5 Jus 2016, Ind AS and Shoda Il) (Divison 0 the Companies Ac, 2013 aplcabl panies that re requed 9 empl it nd AS, The Compiny has only one wponuble Dies SomeN, which s “Pont Saris” and only one repeble ogmphical segment, which ie the por at Pipa [Aon te Company stg einen ompans i accncaie wt itn Ascooming Stndar D8 “Operating Segment The Company hil teviened the wnperment provisions an 30 September 2015 and ated on huss perfomance ha ete npalmant previo mounting 31122356 as Furth, the Company had cet 4 depreciation chee amounting to 7518269 las, resulting ma nt ein of 26,0408 lacs. THE et ac {687 lve haben closed oe an ecapona em mene monte ed 3) Decebe 2015, "ic espns eps defeat charge in conan wth Indon Ascoatng Stands 1 “Income Tee” bassstesment fining tenes forthe especie eto The Compan sna Tas Holby pe ni 31 Nich 2017 ander Section (IA of he Income Ts Act, 1951 Te esoniision of st pos ported in accordance wth Indian GAAP ol comprehensive samen acordace wih ind AS i sven below iniaes Corresponding 3 | Year date figures tor ‘months ended beserigion rani cate it | presen period aijaeis | —aaa0s (Usawaiteay | (asus [Re raicopoad apa nan GAAP Sona 1868250 [aces Adjsiments or na AS a tac a rant recognised as deed income wont arias le) Deter a pect wisnasl [Nec proias er tnd AS Sa TrgaLas lke comprehensive income net ts Total comprehensive ace or the yetiod oT ERTIES In acorance wth he Inn GAAP the “eferes oss a8 OFT March 2075 was nl ecognind a Hy wat ot conde be val eta of realization fh date, During the yea 2015-6, consequent wo spit reductions he ow oat loses an ining cileencs eran the BOOK and tax depen reeledina net defer as bin” whieh vas ecounized i th qua ended 30 Sepinbe 2015. ‘Wh se sdopton of nd AS 12 ffeive 1 Api 2014, the accountng standad equi the eognton of "Sefene tae ss bac om rearonable ceri, ean ‘rasona jas fo the Opening Balas Shek a of | Ap 2015. Consent th Seared ease so recog lhe opening basco Sou has bo dusted agaist the 'dfored as Tabi’ dig he nates yeu 2015-16 and ean of me rol epee n accordance wit the Indian GAP tthe ta “omprshensiv inom in aecondance wh Ind AS sven abe The afresh austen drt have ay inact on the losing dtared a ability and retained camings othe Company as 1 Mach 2016 The above resus have ben teviewod by the Aud Commits nd approved by he Hoar of Dice om 31 January 2017 and | Ferny 2017 especey and hae boon niece ites revi by he Saury Aus For Gubrat pss fort Limited sama ee beeen, —— 07 Le Keld Posen Manas Decor Phce: Mumbai Date Febuary 2017 ( Chartered Accountants) ~ CC QReoefans Ses