Gateway Distriparks FY22 Consolidated PAT UP 136.9% YoY to Rs 224.41 crores
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* Company crosses throughput of 700,000 TEUs for the first time
* EBITDA highest ever in history of company at Rs 401.7 crores
* Year on Year: Revenue up 18%, EBITDA up 24%, PAT up 137%
* Net debt down to Rs 298 crores as compared to Rs 443 crores on March 31, 2021
* First Interim Dividend for FY23 of Rs. 1.25 per share has been declared
Gateway Distriparks Limited (GDL), a leading integrated inter-modal logistics facilitator in India, today announced its audited financial results for the quarter and year ended 31st March 2022.
Other Highlights:
Net Debt as on March 31, 2022 stands at Rs. 298.12 Crores against Rs. 373.87 Crores as on December 31, 2022.
Mr. Prem Kishan Dass Gupta, Chairman & Managing Director, said, “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 and efficiencies to be achieved at multiple levels of business in our operations pan India. Our focus continues to be on optimizing 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 the 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. In addition, we would like to extend our gratitude to all our partners, clients and stakeholders who have been part of our journey and enabled us to grow as a merged entity now.”
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