MARITIMEGATEWAY 728X100

Gateway Distriparks Q2FY23 Consolidated PAT up 27% YoY to Rs 59.53 crores

The rail vertical has shown a growth of 11.6% in volume and 8.4% in revenue for H1 FY23 against H1 FY22 and continues to be the driver for the company.
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Gateway Distriparks Limited (GDL), a leading integrated inter-modal logistics facilitator in India, today announced its unaudited financial results for the September quarter of the current financial year.

Total Throughput (TEUs)Q2 FY 23Q2 FY 22QOQ GrowthH1 FY 23H1 FY 22YOY Growth
Rail Vertical      90,208      82,0839.90%      175,894      157,63011.59%
CFS Vertical      92,767     106,971-13.28%      185,740      214,500-13.41%
Total Throughput   182,975   189,054-3.22%     361,634      372,130-2.82%
Particulars (Rs. Crs)Q2 FY 23Q2 FY 22QOQ GrowthH1 FY 23H1 FY 22YOY Growth
Rail Revenue         278.53         256.468.61%           542.79           500.668.41%
CFS Revenue            83.38            85.04-1.95%           166.35           173.08-3.89%
Total Revenue         361.91         341.505.98%           709.13           673.745.25%
EBIDTA            98.67            96.761.98%189.52           188.570.50%
PBT            61.81            47.6529.73%           116.13              91.2827.22%
PAT            59.53            46.9026.92%           117.97              90.5030.36%

Mr. Prem Kishan Dass Gupta, Chairman & Managing Director, commented, “The rail vertical has shown a growth of 11.6% in volume and 8.4% in revenue for H1 FY23 against H1 FY22 and continues to be the driver for the company. On a consolidated basis, the revenue has increased but volumes are lower on account of the company’s O&M term expiring at Punjab Conware CFS in January 2022.

He also updated on the expansion plans of the company, “In September 2022, the company had acquired 30 acres of land for a greenfield ICD at Jaipur, for which the construction has already started. The company has also signed a Share Purchase Agreement for acquisition of an ICD in Kashipur, which is expected to close by December 2022. With these two new terminals, our presence will grow to 11 locations across India and will lead to an increase in our volumes and profitability. We will also continue to grow at our existing locations.”

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