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Gateway Distriparks Ltd.

BSE: 532622 Sector: Others
NSE: GDL ISIN Code: INE852F01015
BSE LIVE 15:40 | 12 Dec 239.75 -1.10
(-0.46%)
OPEN

240.55

HIGH

240.55

LOW

236.05

NSE 15:23 | 12 Dec 237.50 -4.10
(-1.70%)
OPEN

241.00

HIGH

241.05

LOW

235.90

OPEN 240.55
PREVIOUS CLOSE 240.85
VOLUME 2805
52-Week high 292.00
52-Week low 210.90
P/E 50.47
Mkt Cap.(Rs cr) 2,607
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 240.55
CLOSE 240.85
VOLUME 2805
52-Week high 292.00
52-Week low 210.90
P/E 50.47
Mkt Cap.(Rs cr) 2,607
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gateway Distriparks Ltd. (GDL) - Chairman Speech

Company chairman speech

Dear Shareholders

I am pleased to present the Annual Report to you for the financial year ending 31stMarch 2017. During this year our Company has seen and faced multiple changes in thebusiness environment that surrounds us and I would like to take a moment to share with yousome of the milestones we have achieved in this year and my vision for the years ahead.

The Container Freight Station business has evolved in different ports in a differentmanner bringing some positive changes for our Company and some opportunities for change.During the year the Company inducted one more location in its network at Krishnapatnam.This is our 7th CFS in India and the 4th CFS in the East Coast region where we envisionhigh growth opportunities catering to the Andhra Pradesh Telengana Tamil Nadu Karnatakaand Orissa markets. In Mumbai which is our most challenging market we have modified thebusiness model to support the new Direct Port Delivery model. In Chennai we havedeveloped a very strong network of CHA and Direct Consignee business supported by twocontainer freight stations catering to Chennai Kattupali and Ennore ports. We have alsostrengthened our leadership team during the year who are focusing on further building ourCFS business and maintain our leadership in this sphere.

In FY 2016-17 the Revenue of the Group was Rs. 1348 crores as against Rs. 1358crores in the previous year. EBITDA decreased to Rs. 260 crores from Rs. 300 crores whilePAT (Before minority interest) for the group was Rs. 91 crores as against Rs.137 croresduring 2015-16. The company adopted IND-AS for the financial year commencing from 1 April2016 and accordingly the results for the year were prepared in compliance with IND-AS.

We continue to expand in our Group companies as well with GatewayRail commencing onenew rail facility in Gujarat and Snowman commencing one more temperature controlledfacility in Kochi. In addition Snowman is constructing two additional facilities in SriCity and Krishnapatnam. Our outlook on the industry remains positive and we are certainthat as the trade volumes for the country improve we are well poised to capture thegrowth and utilise our existing assets to their full extent.

Note of Thanks

I wish to thank all our stakeholders - shareholders investors bankers customersvendors and employees for their continued support.

Regards

Prem Kishan Dass Gupta

Chairman & Managing Director