Invest
27 Years
4.4 Star
1 Crore +
Transportation-Logistics company Gateway Distriparks announced Q3FY24 results:
Financial Highlights
- Rail Revenue: Rs 323.84 crore, a significant 20.16% increase QoQ.
- CFS Revenue: Rs 71.03 crore, with a slight decrease of 4.61% QoQ.
- Total Revenue: Rs 394.87 crore, marking a 14.80% growth QoQ.
- EBIDTA: Rs 99.70 crore, a 6.29% increase QoQ.
- PBT (Profit Before Tax): Rs 66.02 crore, a 12.04% increase QoQ.
- Profit After Tax (PAT): Rs 64.35 crore, a 16.34% increase QoQ.
- Board of Directors approved a Second Interim Dividend of Rs 0.75 per equity share of face value Rs 10 each for FY24.
Operational Highlights
- Total Throughput: 1,81,522 TEUs, an increase of 7.77% QoQ.
- Rail Vertical Throughput: 90,976 TEUs, a 15.72% growth QoQ.
- CFS Vertical Throughput: 90,546 TEUs, witnessing a marginal rise of 0.81% QoQ.
Prem Kishan Gupta, Chairman and Managing Director, stated: "Amid challenging economic conditions, particularly in the export sector, our company has effectively mitigated impacts through our network advantage and strategic hubbing of containers. This approach enables us to fully leverage the Western Dedicated Freight Corridor. As a result, we are witnessing growth across various metrics including throughput, revenue, EBITDA, and PAT. In anticipation of increased volumes in the coming quarters, the company is in the process of enhancing its rail side capacity and will be bringing its total number of trains to 34 by the end of the financial year."
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