Gateway Distriparks Q2 Review - Primed For Next Leg Of Growth: ICICI Direct

Gateway Distriparks Q2 Review - Primed For Next Leg Of Growth: ICICI Direct

A reach stacker unloads a shipping container from a truck in South Korea. (Photographer: SeongJoon Cho/Bloomberg)

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ICICI Direct Report

GDL has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics and container freight stations.

Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS Has five intermodal terminals, built on owned land at key areas along WDFC

Q2FY22 Results: Rail margin maintained at | 9200+/TeU levels

  • Revenues grew 28% YoY to | 336 crore (46% rail volume growth)

  • EBITDA grew 40% YoY to | 91 crore with margins at 27.1% (vs. 24.9% in

  • Q2FY21)

  • Subsequently, PAT came in at | 47 crore vs. | 4 crore in Q2FY21

IDirect_GatewayDistriparks_Q2FY22.pdf
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