Gateway Distriparks

Logistics operator Gateway Distriparks Ltd (GDL) on Wednesday reported a 9 per cent growth in Profit After Tax (PAT) at Rs 63.72 crore in the June quarter. The company had posted a PAT of Rs 58.45 crore in the April-June period a year ago. Total revenue during the quarter under review rose 8 per cent at Rs 374.85 crore against Rs 347.23 crore in the year-ago period, the company said in a statement. During the June quarter, rail volume stood at 89,939 TEUs, a growth of 4.96 per cent over 85,686 TEUS handled in Q1FY23, it said. Container Freight Station (CFS) business, however, recorded a 3.42 per cent decline in volume at 89,958 TEUS in the June quarter in comparison to 92,973 TEUS in the June quarter of the last fiscal, GDL said. "Train running was impacted this quarter by the Biparjoy cyclone when the rail network and port operations were shut for some time in Gujarat, along with some double stack restrictions imposed temporarily by the Indian Railways during the quarter as well,

Inter-modal logistics operator Gateway Distriparks Ltd (GDL) on Friday reported a 19.47 per cent decline in its profit after tax at Rs 68.62 crore in quarter ended March 2023. The company had recorded a PAT (profit after tax) of Rs 85.21 crore in the same quarter of FY22, GDL said in a statement. The total revenue during Q4FY23 was recorded at Rs 390.84 crore as compared to Rs 377.04 crore top-line clocked in the fourth quarter of the fiscal year ended March 2022, it said. The rail revenue grew 5.90 per cent to Rs 309.86 crore during the March quarter last fiscal as against Rs 292.61 crore in the same period of FY22. CFS (container freight station) revenue, however, dropped 4.08 per cent to Rs 80.98 crore in the reporting period when compared to Rs 84.43 crore achieved in the March 2022 quarter, it said. GDL also said that rail volumes during the quarter under review were up 3.46 per cent at 93,509 TEUs as against 90,385 TEUs in Q4 of financial year 2021-22, while CFS throughput .

With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce

Integrated inter-modal logistics operator Gateway Distriparks Ltd on Wednesday reported a 27 per cent growth in consolidated profit after tax (PAT) at Rs 59.53 crore for the second quarter of this fiscal. The company had posted a consolidated PAT of Rs 46.90 crore in the quarter ended September 30, 2021, Gateway Distriparks Ltd (GDL) said in a statement. Its total revenue (Rail and Container Freight Stations) rose 6 per cent to Rs 361.91 crore in the reporting quarter as against Rs 341.50 crore in the second quarter of the previous fiscal. Rail revenue increased 8.61 per cent to Rs 278.53 crore in Q2 FY23 over Rs 256.46 crore in the year-ago period, while Container Freight Stations (CFS) revenue declined 1.95 per cent to Rs 83.38 crore. The total throughput during the quarter dipped 3.22 per cent at 182,975 TEUs (Twenty-foot Equivalent Units) as against 189,054 TUEs handled during the same quarter of FY22. "In September, the company acquired 30 acres of land for a greenfield ICD .

The company had posted a profit of Rs 46.38 crore in the March quarter of FY21, it said in a statement

The Street was expecting the stock to list above Rs 90-close to the adjusted price pre-amalgamation

Integrated inter-modal logistics provider Gateway Distriparks Ltd on Monday reported a 44 per cent year-on-year jump in profit after tax (PAT) to Rs 47.92 crore in the December 2021 quarter. The company had posted a PAT of Rs 33.24 crore in the corresponding period last fiscal, GDL said in a statement. The total income in October-December 2021 stood at Rs 356.04 crore, a growth of 12.6 per cent as compared with Rs 316.29 crore in the year-ago period, it said. It also said Gateway East India Pvt Ltd and Gateway Distriparks Ltd merged with Gateway Rail Freight Ltd from December 28, 2021. Subsequently, Gateway Rail Freight Ltd changed its name to Gateway Distriparks Ltd, from February 11, 2022. Throughput during the December 2021 quarter rose 19.6 per cent to 180,704 twenty-foot equivalent units (TEUs) as compared with 151,102 TEUs in the quarter year earlier. "The company has delivered another successful quarter with sustained growth and increased revenue and we foresee this positi

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In Sept 2020, the firm announced a composite scheme of reverse merger to derive operational synergies and cost efficiencies and improve cash flow fungibility between the company and its arms

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Analysts see the logistics sector as a big beneficiary of the 're-opening of the economy' theme, with pent-up demand expected to drive growth

The board approved the payment of first interim dividend of Rs 5 per equity share for the current financial year 2021-22

Total income rose 16.1 per cent to Rs 353.11 crore

Blue Dart Express surged 6 per cent and hit a fresh 52-week high of Rs 4,457, while Gati soared 7 per cent to Rs 96, and was trading close to its 52-week high of Rs 107 on the BSE

The stock is trading close to its 52-week high level of Rs 138, scaled on January 29, 2020

The company had posted a profit of Rs 16.39 crore in the third quarter of financial year 2020-21

The company said its board approved to explore various structures for streamlining the businesses currently being carried out by different group entities

The sale to ADSEZ is part of Gateway's plan to divest its non-core assets, deleverage its balance sheet, and fund future capital expenditure plans in the rail segment.

On Friday, GDL entered into a share purchase agreement to sell its entire stake of 40.25 per cent in Snowman Logistics to Adani Logistics for Rs 295.92 crore.

The stock down 5% to Rs 123 after the company said it has failed to pay the balance payment to global private equity major Blackstone, due to un-contemplated events arising in the debt market.