BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Gateway Distriparks Ltd.’s Q1 FY22 result witnessed higher than expected topline and Ebitda.
Rail segment volumes surprised with 24% growth over Q1 FY20.
Increase in rail share for export-import transportation continues to help players like Gateway Distriparks.
Large part of the deleveraging benefits is behind us with net debt at 13% of market cap; net debt increased QoQ.
Management reiterated its plans to spend ~Rs 1.2 billion of capex for satellite terminals around national capital region to help increase the company's market share.
Advent of dedicated freight corridor (Rewari – Palanpur to Mundra and Pipavav ports) is commissioning progressively and is set to allow increased volume and operational tailwinds.
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