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Gateway Distriparks update on merger and Q3FY22 results

Gateway East India Pvt Ltd and Gateway Distriparks Ltd have merged with Gateway Rail Freight Ltd. Subsequently, Gateway Rail Freight Ltd changed its name to Gateway Distriparks Ltd.
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Gateway Distriparks Limited (GDL), a leading integrated inter-modal logistics facilitator in India, today announced its unaudited financial results for the December quarter of the current financial year. Please note that with effect from 28th December 2021, Gateway East India Private Limited and Gateway Distriparks Ltd have merged with Gateway Rail Freight Limited. Subsequently, on 11th February 2022, Gateway Rail Freight Limited changed its name to Gateway Distriparks Limited.

Consolidated Financials for Q3FY2021-22:
Particulars (Rs. Crs)Q3FY22Q3FY21YoY GrowthQ3FY22Q2FY22QoQ    Growth
Throughput (TEUs)  180,704   151,102 19.6%  180,704   177,3891.9%
Total Income356.04316.2912.6%356.04341.494.3%
EBIDTA100.2485.0617.8%100.2496.763.6%
EBIDTA Margin28.15%26.89%4.7%28.15%28.33%-0.6%
PAT47.9233.2444.2%47.9246.92.2%
PAT Margin13.46%10.51%28.1%13.46%13.73%-2.0%

Other Highlights:

  • Net Debt as on December 31, 2021 stands at Rs. 373.87 Crores against Rs. 440.91 Crores as on September 30, 2021.
  • Gateway Distriparks rating upgraded to ‘IND AA’ by Fitch Group

Mr. Prem Kishan Das Gupta, Chairman & Managing Director, commented, “I am happy to announce that we have completed our amalgamation process and now our Rail, ICD and CFS businesses are all under one umbrella – Gateway Distriparks Limited. In the new entity, we are now able to offer a pan India network of ICD and CFS to shipping lines and EXIM customers. In addition, we have a stronger balance sheet and combined cash flows of all businesses available for funding our expansion plans, which we are planning primarily in the North to West industrial corridor for setting up new ICDs. The company has delivered another successful quarter with sustained growth and increased revenue and we foresee this positive trend to continue going ahead.”

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