• Income from operation (excluding other non operating income) was lower by 10% to Rs 154.67 crore on lower cargo throughput both container and bulk cargo. Other operating income was down by 2% to Rs 12.52 crore and thus the overall revenue was down by 9% to Rs 167.19 crore.
  
• Operating margin expanded by 650 bps to 59.9% as gained by lower operating expenses and OE. Operating expenses as proportion to sales was lower by 480 bps to 17.1%. Similarly OE was down by 240 bps to 15.2%. But the staff cost was up by 70 bps (to 7.7%) respectively. Expenses for the corresponding previous period include onetime maintenance dredging cost of Rs 9 crore. Thus the sharp jump in OPM came on relatively low base.
  
• Other income was higher by 8% to Rs 6.62 crore. Having re-paid the debt and zero debt company, the interest cost was mere Rs 0.04 crore compared to Rs 0.03 crore in the corresponding previous period. But the depreciation cost was higher by 4% to Rs 25.09 crore. Thus, the PBT (before EO) was up by marginal 1% to Rs 81.71 crore.
  
• EO income for the quarter as well as corresponding previous period was nil. Thus the PBT (after EO) was up by 1% to Rs 81.71 crore.
  
• Taxation was Rs 21.96 crore, a fall of 49%. Spurred thus by lower tax the PAT was up by strong 60% to Rs 59.75 crore.

The stock hovers around Rs 169.