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Consolidated net sales (including other operating income) of Gateway Distriparks for the quarter ended Dec 2023 has increased 15.20% to Rs 392.95 crore. Operating profit margin has declined from 26.66% to 24.88%, leading to 7.51% rise in operating profit to Rs 97.77 crore. Employee cost decreased from 5.12% to 4.70%. Other expenses rose from 68.23% to 70.42%. Other direct service cost rose from 60.63% to 63.69%. Other income fell 32.75% to Rs 1.93 crore. PBIDT rose 6.28% to Rs 99.7 crore. Provision for interest rose 10.73% to Rs 11.66 crore. PBDT rose 5.72% to Rs 88.04 crore. Provision for depreciation fell 8.47% to Rs 23.68 crore. Profit before tax grew 12.11% to Rs 64.36 crore. Share of profit/loss was 29.14% higher at Rs 1.95 crore. Provision for tax was expense of Rs 1.77 crore, compared to Rs 3.61 crore. Effective tax rate was 2.67% compared to 6.13%. Minority interest increased 137.74% to Rs 1.26 crore. Net profit attributable to owners of the company increased 15.52% to Rs 63.28 crore. For year-to-date (YTD) results analysis.
For 9m ended Dec 2023, Net sales (including other operating income) of Gateway Distriparks has increased 11.23% to Rs 1161.16 crore.
Operating profit margin has declined from 26.26% to 25.53%, leading to 8.10% rise in operating profit to Rs 296.39 crore. Employee cost increased from 4.78% to 4.82%. Other expenses rose from 68.96% to 69.65%. Other direct service cost rose from 61.83% to 62.67%. Other income rose 9.31% to Rs 9.98 crore. PBIDT rose 8.14% to Rs 306.37 crore. Provision for interest rose 2.74% to Rs 34.5 crore. PBDT rose 8.86% to Rs 271.87 crore. Provision for depreciation fell 8.16% to Rs 71.66 crore. Profit before tax grew 16.60% to Rs 200.21 crore. Share of profit/loss was 35.33% higher at Rs 4.52 crore. Provision for tax was expense of Rs 2.96 crore, compared to Rs 1.77 crore. Effective tax rate was 1.45% compared to 1.01%.Minority interest decreased 5.38% to Rs 1.76 crore. Net profit attributable to owners of the company increased 16.68% to Rs 200.01 crore. Management Comments : Prem Kishan Gupta, Chairman and Managing Director, commented, "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.”
Promoters’ stake was 32.32% as of 31 December 2023 ,compared to 32.12% as of 31 December 2022 . | Gateway Distriparks : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 392.95 | 341.09 | 15.20 | 1,161.16 | 1,043.97 | 11.23 | 1,420.94 | 1,373.66 | 3.44 | | OPM (%) | 24.88 | 26.66 | -178 bps | 25.53 | 26.26 | -74 bps | 25.93 | 26.83 | -90 bps | | OP | 97.77 | 90.94 | 7.51 | 296.39 | 274.19 | 8.10 | 368.45 | 368.54 | -0.02 | | Other Inc. | 1.93 | 2.87 | -32.75 | 9.98 | 9.13 | 9.31 | 22.09 | 33.16 | -33.38 | | PBIDT | 99.70 | 93.81 | 6.28 | 306.37 | 283.32 | 8.14 | 390.54 | 401.70 | -2.78 | | Interest | 11.66 | 10.53 | 10.73 | 34.50 | 33.58 | 2.74 | 45.30 | 64.70 | -29.98 | | PBDT | 88.04 | 83.28 | 5.72 | 271.87 | 249.74 | 8.86 | 345.24 | 337.00 | 2.45 | | Depreciation | 23.68 | 25.87 | -8.47 | 71.66 | 78.03 | -8.16 | 103.94 | 127.67 | -18.59 | | PBT | 64.36 | 57.41 | 12.11 | 200.21 | 171.71 | 16.60 | 241.3 | 209.33 | 15.27 | | Share of Profit/(Loss) from Associates | 1.95 | 1.51 | 29.14 | 4.52 | 3.34 | 35.33 | 4.98 | 0.79 | 530.38 | | PBT before EO | 66.31 | 58.92 | 12.54 | 204.73 | 175.05 | 16.96 | 246.28 | 210.12 | 17.21 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 66.31 | 58.92 | 12.54 | 204.73 | 175.05 | 16.96 | 246.28 | 210.12 | 17.21 | | Taxation | 1.77 | 3.61 | -50.97 | 2.96 | 1.77 | 67.23 | 4.38 | -13.7 | PL | | PAT | 64.54 | 55.31 | 16.69 | 201.77 | 173.28 | 16.44 | 241.9 | 223.82 | 8.08 | | Minority Interest (MI) | 1.26 | 0.53 | 137.74 | 1.76 | 1.86 | -5.38 | 2 | 0.03 | 6,566.67 | | Net profit | 63.28 | 54.78 | 15.52 | 200.01 | 171.42 | 16.68 | 239.9 | 223.79 | 7.20 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 63.28 | 54.78 | 15.52 | 200.01 | 171.42 | 16.68 | 239.9 | 223.79 | 7.20 | | EPS (Rs)* | 1.27 | 1.10 | 15.52 | 4.00 | 3.43 | 16.68 | 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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