Consolidated net sales (including other operating income) of Gateway Distriparks for the quarter ended Mar 2023 has increased 4.99% to Rs 376.97 crore. Operating profit margin has declined from 26.43% to 24.76%, leading to 1.63% decline in operating profit to Rs 93.35 crore. Employee cost decreased from 5.52% to 4.38%. Other expenses rose from 68.05% to 70.86%. Other direct service cost rose from 60.78% to 63.64%. Other income fell 22.86% to Rs 13.87 crore. PBIDT fell 5.01% to Rs 107.22 crore. Provision for interest fell 27.64% to Rs 11.73 crore. PBDT fell 1.22% to Rs 95.49 crore. Provision for depreciation fell 10.23% to Rs 25.9 crore. Profit before tax grew 2.61% to Rs 69.59 crore. Provision for tax was debit of Rs 2.61 crore, compared to credit of Rs 17.43 crore. Effective tax rate was 3.66% compared to negative 25.72%. Minority interest decreased 26.32% to Rs 0.14 crore. Net profit attributable to owners of the company decreased 19.45% to Rs 68.48 crore. Full year results analysis.
Net sales (including other operating income) of Gateway Distriparks has increased 3.44% to Rs 1420.94 crore. Operating profit margin has declined from 26.83% to 25.93%, leading to 0.02% decline in operating profit to Rs 368.45 crore. Employee cost decreased from 4.79% to 4.67%. Other expenses rose from 68.38% to 69.40%. Other direct service cost rose from 61.39% to 62.31%. Other income fell 33.38% to Rs 22.09 crore. PBIDT fell 2.78% to Rs 390.54 crore. Provision for interest fell 29.98% to Rs 45.3 crore. PBDT rose 2.45% to Rs 345.24 crore. Provision for depreciation fell 18.59% to Rs 103.94 crore. Profit before tax grew 15.27% to Rs 241.30 crore. Share of profit/loss was 530.38% higher at Rs 4.98 crore. Provision for tax was debit of Rs 4.38 crore, compared to credit of Rs 13.7 crore. Effective tax rate was 1.78% compared to negative 6.52%. Minority interest increased 6,566.67% to Rs 2.00 crore. Net profit attributable to owners of the company increased 7.20% to Rs 239.90 crore. Management Comments
Prem Kishan Gupta, Chairman and Managing Director, commented, "We are pleased to report healthy financial performance for the company for the quarter and year ending 31st March 2023. While there has been a slowdown in Export volumes in the past six months, signs of recovery are now being seen from April onwards. Import volumes have been growing to a large extent. Our focus remains on improving efficiencies and expanding our network. In the beginning of FY23, we had allocated Rs. 500 crores towards capital expenditure to be utilised by fiscal year 2025, with about Rs. 200 crores already invested thus far towards the acquisition of ICD Kashipur and land procurement and initial development of ICD Jaipur. Our goal is to invest the remaining amount in new projects and we are actively exploring both greenfield and acquisition options in Northern and Central India to expand our network of ICDs in the next two years." Other developments Equity capital stood at Rs 499.64 crore as of 31 March 2023 to Rs 499.64 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 32.32% as of 31 March 2023 ,compared to 32.12% as of 31 March 2022 . Loan funds declined from Rs 619.43 crore as of 31 March 2022 to Rs 530.19 crore as of 31 March 2023. Sundry debtors were higher at Rs 136.95 crore as of 31 March 2023 compared to Rs 118.49 crore as of 31 March 2022. Cash and bank balance declined from Rs 190.32 crore as of 31 March 2022 to Rs 75.98 crore as of 31 March 2023. Investments declined from Rs 141.08 crore as of 31 March 2022 to Rs 141.01 crore as of 31 March 2023. Fixed assets increased to Rs 1,562.40 crore as of 31 March 2023 from Rs 1,496.76 crore as of 31 March 2022. Intangible assets increased from Rs 303.15 crore to Rs 348.99 crore.
| Gateway Distriparks : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 376.97 | 359.05 | 4.99 | 1,420.94 | 1,373.66 | 3.44 | | OPM (%) | 24.76 | 26.43 | -167 bps | 25.93 | 26.83 | -90 bps | | OP | 93.35 | 94.90 | -1.63 | 368.45 | 368.54 | -0.02 | | Other Inc. | 13.87 | 17.98 | -22.86 | 22.09 | 33.16 | -33.38 | | PBIDT | 107.22 | 112.88 | -5.01 | 390.54 | 401.70 | -2.78 | | Interest | 11.73 | 16.21 | -27.64 | 45.30 | 64.70 | -29.98 | | PBDT | 95.49 | 96.67 | -1.22 | 345.24 | 337.00 | 2.45 | | Depreciation | 25.9 | 28.85 | -10.23 | 103.94 | 127.67 | -18.59 | | PBT | 69.59 | 67.82 | 2.61 | 241.3 | 209.33 | 15.27 | | Share of Profit/(Loss) from Associates | 1.64 | -0.04 | LP | 4.98 | 0.79 | 530.38 | | PBT before EO | 71.23 | 67.78 | 5.09 | 246.28 | 210.12 | 17.21 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 71.23 | 67.78 | 5.09 | 246.28 | 210.12 | 17.21 | | Taxation | 2.61 | -17.43 | PL | 4.38 | -13.7 | PL | | PAT | 68.62 | 85.21 | -19.47 | 241.9 | 223.82 | 8.08 | | Minority Interest (MI) | 0.14 | 0.19 | -26.32 | 2 | 0.03 | 6,566.67 | | Net profit | 68.48 | 85.02 | -19.45 | 239.9 | 223.79 | 7.20 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 68.48 | 85.02 | -19.45 | 239.9 | 223.79 | 7.20 | | EPS (Rs)* | 1.37 | 1.35 | 1.26 | 4.80 | 4.20 | 14.19 | | | * EPS is on current equity of Rs 499.64 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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