Gateway Distriparks Limited (GDL), the leading integrated inter-modal logistics facilitator in India, recently announced its unaudited financial results for the September quarter of the current financial year.
Consolidated Financials for Q2FY2021-22:
| Particulars (Rs. Crs) | Q2 FY22 | Q2 FY21 | YoY growth | H1 FY22 | H1 FY21 | YoY growth |
| Total Income | 341.49 | 266.96 | 27.9% | 673.74 | 521.28 | 29.2% |
| EBIDTA | 96.76 | 69.68 | 38.9% | 188.58 | 141.13 | 33.6% |
| EBIDTA Margin | 28.3% | 26.1% | 8.6% | 28.0% | 27.1% | 3.4% |
| PAT | 46.9 | 3.46 | 1255.5% | 90.50 | 15.05 | 501.3% |
| PAT Margin | 13.7% | 1.3% | 959.7% | 13.4% | 2.9% | 365.3% |
Key Operational Highlights year-on-year:
| Particulars | Throughput (TEUs) | Revenues (Rs Crs) | EBITDA/ TEU (Rs/TEU) | ||||||
| Q2FY22 | Q2 FY21 | YoY% | Q2 FY22 | Q2 FY21 | YoY% | Q2 FY22 | Q2 FY21 | YoY% | |
| Rail Business | 82,083 | 56,135 | 46% | 251.32 | 175.47 | 43% | 9,243 | 7,746 | 19% |
| CFS Business | 95,306 | 78,280 | 22% | 84.42 | 87.05 | -3% | 2,192 | 3,347 | -35% |
| Particulars | Throughput (TEUs) | Revenues (Rs Crs) | EBITDA/ TEU (Rs/TEU) | ||||||
| H1FY22 | H1FY21 | YoY% | H1FY22 | H1FY21 | YoY% | H1FY22 | H1FY21 | YoY% | |
| Rail Business | 1,57,630 | 1,03,690 | 52% | 493.38 | 334.02 | 48% | 9,291 | 8,171 | 14% |
| CFS Business | 1,90,970 | 1,43,101 | 33% | 171.95 | 181.28 | -5% | 2,206 | 3,942 | -44% |
Other Highlights:
Net Debt as on September 30, 2021 stands at Rs 440.91 crores against Rs 470.23 crores as on June 30, 2021.
Gateway Rail Freight Limited Q2 FY22 financial performance:
§ Revenue at Rs 251.32 crores vs Rs 175.47 crores in Q2 FY21
§ EBITDA was Rs 75.87 crores and EBITDA margin stood at 30.2 %
§ PAT was Rs 50.67 crores vs Rs 17.24 crores in Q2 FY21
§ PAT Margin stands at 20.2%
CFS business Q2 FY22 financial performance:
§ Revenue at Rs 84.42 crores vs Rs 87.05 crores in Q2 FY21
§ EBITDA was Rs 20.89 crores with an EBITDA margin of 24.7%
§ Net Loss was Rs 2.40 crores vs Net loss Rs 11.44 crores in Q2 FY21
Snowman Logistics Q2 FY22 financial performance:
§ Revenues were Rs 70.07 crore vs Rs 57.69 crore in Q2 FY21
§ EBITDA was Rs 19.03 crore and EBITDA margin stood at 27.2%
§ PAT was Rs 0.51 crore vs loss Rs 1.70 crore in Q2 FY21
Prem Kishan Das Gupta, Chairman & Managing Director, Gateway Distriparks Ltd commented, “The growth Gateway Distriparks has registered in the September quarter and overall first half of the financial year is yet another testimony to the business leadership of the company. Even as the recovery from COVID-19 shock is still not complete, the kind of boost we have witnessed in volumes in both Rail freight and CFS verticals has led us to increase our internal revenue and margin targets for the ongoing year.”
“Apart from growth in the volumes and revenue, we have also performed well in terms of EBITDA, PAT and EPS. Our margins are also well supportive of future growth plans. In the ongoing third and upcoming fourth quarter, we expect business tofurther pick up.”
“This quarter we are also expected to complete the restructuring process which will further optimise our operations, boost profitability and improve value to the shareholders.”
“The gradual commissioning of more DFC corridors, growth in EXIM business and government support to trade is likely to continue helping us. We have good expectations from the National Logistics Policy as well. We will continue to work on expanding our customer base and leveraging our multi-modal network to provide the best experience to them.”
