Gateway Distriparks Limited (GDL) a leading integrated inter-modal logistics facilitator in India has announced its audited financial results for the quarter ended June 30, 2021.
Performance at a glance:
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Q1 Consolidated Total Income up 30.6% YoY from Rs254.33cr to Rs332.25cr
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Q1 Consolidated EBITDA up 28.5% YoY from Rs71.45cr to Rs91.82cr
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Q1 Consolidated PAT up 280.5% from 11.46cr to 43.6cr
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Q1 Consolidated throughput up 52.6% from 112,376 TEUs to 171,443 TEU
Other Highlights:
Gateway Rail Freight Limited:
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Revenues were Rs242.06cr vs Rs158.55 crore Q1FY21
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EBITDA was Rs69.79cr vs Rs40.99 crore Q1FY21
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PAT was Rs45.91cr vs Rs14.65 crore Q1FY21
CFS business:
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Revenues were Rs87.53cr vs Rs 94.23 crore Q1FY21
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EBITDA was Rs21.65cr vs Rs 27.93 crore Q1FY21
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Net Loss was Rs0.98cr vs loss Rs 2.13 crore Q1FY21
Snowman Logistics:
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Revenues were Rs66.06cr vs Rs55.12 crore Q1FY21
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EBITDA was Rs17.35cr vs Rs18.03 crore Q1FY21
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PAT was Rs0.60cr vs Rs 0.78 crore Q1FY21
Commenting on the performance, Prem Kishan Dass Gupta, Chairman & Managing Director, commented, “Despite the Covid-19 second wave challenges, the Group has once again reiterated its position as the market leader in CFS, ICD and Cold Chain businesses. The strong growth registered in volumes, revenue and profit in the first quarter has already set the course for a good year for the company.
Boost in business on multiple fronts augurs well in achieving a stupendous growth for the current fiscal year. Keeping in view the aim of improving overall volumes, we are working to expand our customer base which will generate further value for our shareholdeRsWith an improving Covid-19 situation and vaccination picking up across the country, we are confident of a rapid growth in the near future in EXIM business.
With the proposed merger of Gateway Distriparks Limited, Gateway Rail Freight Limited and Gateway East India Private Limited, the entity after restructuring of the business is further going to optimize its functioning and financials in the times to come.”
At around 2:55 PM, Gateway Distriparks was trading at Rs297.40 apiece up by 1.92% on the BSE.
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