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Gujarat Pipavav’s cost management skills impress investors

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₹463 per ton in 4Q and by 4% to Rs461 per ton in FY20," Jefferies India Pvt. Ltd said in a note. "There has been saving of ₹5.6 crore due to IND-AS 116 implementation (accounting change); even accounting for this fixed costs would be down 2% YoY in 4Q."The cost optimisation measures reflected in the full year numbers as well.

Revenues during FY20 grew 5% but thanks to an 8% fall in expenditure and improvement in profit margins, operating earnings for the full year rose an impressive 15%."Full-year numbers were comforting with Gujarat Pipavav forming a new peak of profit before tax after a period of five years," analysts at Kotak Institutional Equities said in a note.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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