Q3 Results Reveal Gateway Distriparks’ Continued Growth and Strategic Progress
Mumbai/Delhi, 4th February 2025: Gateway Distriparks Limited (GDL), a leading multimodal logistics company in India, today announced its financial results for the quarter ended 31st December 2024.
|
Total Throughput (TEUs) |
Q3 FY 25 |
Q3 FY 24 |
QOQ Growth |
YTD FY 25 |
YTD FY 24 |
YOY Growth |
|
Rail Vertical |
92,438 |
90,976 |
1.61% |
2,67,214 |
2,81,549 |
-5.09% |
|
CFS Vertical |
89,610 |
90,546 |
-1.03% |
2,72,971 |
2,72,879 |
0.03% |
|
Total Throughput |
1,82,048 |
1,81,522 |
0.29% |
5,40,185 |
5,54,428 |
-2.57% |
|
Particulars (Rs. Crs) |
Q3 FY 25 |
Q3 FY 24 |
QOQ Growth |
YTD FY 25 |
YTD FY 24 |
YOY Growth |
|
Rail Revenue |
331.15 |
323.84 |
2.26% |
950.70 |
942.07 |
0.92% |
|
CFS Revenue* |
65.86 |
71.03 |
-7.27% |
198.53 |
229.07 |
-13.33% |
|
Total Revenue ** |
407.04 |
394.87 |
3.08% |
1,159.26 |
1,171.14 |
-1.01% |
|
EBIDTA ** |
101.21 |
99.70 |
1.51% |
291.73 |
306.38 |
-4.78% |
|
PBT ** # |
455.16 |
66.31 |
586.41% |
572.92 |
204.73 |
179.84% |
|
PAT ** # |
455.52 |
64.54 |
601.52% |
564.73 |
201.77 |
178.53% |
CFS revenue includes adjustment of reduction of INR 32.04 crores on account of change in accounting method for YTD FY25 and INR 11.85 crores for Q3 FY25.
Financials include Total Revenue of INR 10.03 crores, EBIDTA of INR 1.24 crores, PBT of INR (-0.31 crores) and PAT of INR (-0.33) crores due to consolidation of accounts after Snowman Logistics went from being an Associate Company to a Subsidiary from December, 24 2024.
PBT and PAT includes exceptional income of Rs. 390.77 Crs. due to fair valuation of equity on consolidation of Snowman Logistics Limited, which became subsidiary from December 24, 2024.
Prem Kishan Dass Gupta, Chairman & Managing Director, said, “Despite the Red Sea impact, especially in Q1, volumes and margins have recovered and remained steady in Q2 and Q3 for the Company. There is a healthy pipeline as the focus remains on increasing our market share, especially in the Rail Vertical. We are hopeful that the Red Sea crisis will come to an end soon and if shipping lines start using this route again there will be a significant boost to EXIM volumes for India. We continue to explore opportunities for developing new rail terminals to further expand our network. In December, GDL also met its target of crossing 50% shareholding in Snowman Logistics and is now a subsidiary.”