Nine month performance

Consolidated sales was up 3% to Rs 1043.97 crore. The OPM was down 60 bps to 26.4% and thus the OP was up 1% to Rs 275.11 crore. The net profit attributable to owners was up 24% to Rs 171.42 crore. 

Management Comment

Prem Kishan Gupta, Chairman and Managing Director, commented “Due to the global macroeconomic situation, there is a dip in throughput in Q3 particularly in the export direction. Further, track upgradation work was taking place in NCR throughout the month of December, leading to slower running of trains and reduced double stack and hub & spoke operations of the company. The revenues appear to be flat as last year due to Punjab Conware CFS numbers being included in Q3 FY2022. Profit After Tax continues to show a healthy growth of over 15% as the company continues to reduce its debt. On the expansion front, the company also completed its acquisition of Kashipur Infrastructure Freight Terminal Private Limited (KIFTPL) on 23rd December 2022 and has started regular train services between Kashipur and Mundra, Pipavav & Nhava Sheva. Currently, KIFTPL was only earning the terminal income but from Q4 onwards Gateway Distriparks will earn the entire revenue for rail and terminal services. Construction at the proposed ICD in Jaipur remains in progress and the terminal is expected to be operational in Q3 FY 2024. The company is also actively looking to set up 2 more terminals by FY2025.” 

Others

Promoters’ stake was 32.12% as of 31 December 2022

 

Gateway Distripark(formerly Gateway Rail Freight): Consolidated Results
	2212 (3)	2112 (3)	Var.(%)	2212 (9)	2112 (9)	Var.(%)	2203 (12)	2103 (12)	Var. (%)
Sales	341.09	349.28	-2	1043.97	1014.61	3	1373.66	1179.32	16
OPM (%)	26.7	26.8		26.4	27.0		26.8	26.5
OP	90.93	93.47	-3	275.11	273.64	1	368.54	312.97	18
Other inc.	2.87	6.77	-58	8.22	15.18	-46	21.16	11.33	87
PBIDT	93.80	100.24	-6	283.33	288.82	-2	389.70	324.31	20
Interest	10.53	16.11	-35	33.58	48.49	-31	64.70	79.48	-19
PBDT	83.28	84.13	-1	249.75	240.33	4	325.00	244.83	33
Dep.	25.87	33.43	-23	78.03	98.82	-21	127.67	131.42	-3
PBT before EO	57.41	50.70	13	171.72	141.51	21	197.33	113.41	74
EO Income	0.00	0.00		0.00	0.00		12.00	0.00
PBT after EO	57.41	50.70	13	171.72	141.51	21	209.33	113.41	85
Taxation	3.61	3.13	15	1.77	3.91	-55	-13.70	18.98	LP
PAT	53.80	47.56	13	169.95	137.59	24	223.03	94.43	136
Share of P/L from associate	1.51	0.36	325	3.34	0.83	303	0.79	0.06	999
Minority Interest (MI)	0.53	-0.15	LP	1.86	-0.16	LP	0.03	0.03
Net profti (After MI)	54.78	48.07	14	171.42	138.58	24	223.79	94.45	137
EPS (Rs)*	#	#		#	#		4.2	1.9
* EPS is on Post merger expanded equity of Rs 499.64 crore, Face value of Rs 10
# EPS is not annualised due to seasonality of business, PL: Profit to Loss
^ Financials of erstwhile Gateway Distriparks figures as reported  to stock exchanges
Figures in Rs crore
Source: Capitaline Database