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Gateway Distriparks FY22 consolidated net profit more than doubles

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Herons Logistics

MUMBAI : A leading integrated inter-modal logistics facilitator in India, Gateway Distriparks Limited (GDL) has announced its audited financial results for the quarter and year ended March 31, 2022.

The company has crossed a throughput of 7,00,000 TEUs for the first time. EBITDA was the highest ever in the history of the company at Rs 401.7 crore. The year-on-year revenue was up by 18 per cent, EBITDA was up by 24 per cent while PAT jumped 137 per cent. The net debt came down to Rs 298 crore as compared to Rs 443 crore on March 31, 2021. The company declared its first interim dividend for FY23 of Rs 1.25 per share.

In an exchange filing, Prem Kishan Dass Gupta, Chairman & Managing Director, Gateway Distriparks Limited stated, “The company has shown strong results in FY 2021-22 and we believe that now as a merged entity, we will see further growth as there are still operational synergies & efficiencies to be achieved at multiple levels of business in our operations pan-India. Our focus continues to be on optimising operating costs and creating integrated supply chain solutions for our customers using our multi-modal strength, which also helps them offset some of the increased cost pressures due to fuel price hikes by using rail transportation instead of trucking. In terms of expansion, we have now embarked upon our earlier-mentioned plans to add satellite rail terminals in the northern region, which will feed into our existing network of rail terminals that are aligned with the Western Dedicated Freight Corridor (DFC). Our company stands to gain directly from DFC since we had taken an early position on ICDs that are connected to it, which have been handling double-stacked containers since 2011, and as each section of the corridor becomes operational, the turnaround time of our trains improves further.”

Gateway Distriparks Limited is an integrated inter-modal logistics service provider. It has a network of nine inland container depots and container freight stations, strategically located across the country, operating a fleet of 31 trainsets along with 500+ trailers for transportation between its facilities and maritime ports, as well as first & last-mile connectivity to provide end-to-end solutions to the EXIM industry. The company offers general and bonded warehousing, rail & road transportation, container handling services along with other value-added services.

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