Gujarat Pipavav is doing very well today morning. The stock is up currently almost 8% at Rs.51.60, with an intra day high at Rs.53.90. Volumes are up almost 4 times at over 4.5 lakh shares.

The stock is up in the green on the back of its very good performance for its third quarter ended 30^th Sept 2013. The company reported an over 5 times surge in net profit at Rs.44 crore, up from Rs.8 crore in previous third quarter.

The company which provides facilities for handling container and bulk carriers, showed a 34% (YoY) jump in total income at Rs.126 crore. There was a 30% rise in volume on additional services and upsizing in the container cargo segment. In the bulk and general cargo segment, it reported an equally robust rise at 31%, which was mainly on account of increase in volumes of mineral and coal shipments. EBITDA was up 82% at Rs.61 crore and EBITDA margins showed a very healthy jump from 35.7% to 48.6%.