Gateway Distriparks - Rail Ebitda Performance Provides Dedicated Freight Corridor Snapshot: ICICI Direct

Gateway Distriparks - Rail Ebitda Performance Provides Dedicated Freight Corridor Snapshot: ICICI Direct

A reach stacker unloads a shipping container from a truck. (Image: Company website)

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 Direct Report

Gateway Distriparks Ltd.’s Q4 FY21 revenues grew 17% YoY to Rs 350 crore, led by 16% growth in the rail segment to Rs 255 crore and 20% growth in the container freight stations segment to Rs 96 crore.

Rail volumes grew 15% YoY to 77772 twenty-foot equivalent units and posted a record ~Rs 9926/TeU Ebitda performance.

Subsequently, absolute Ebitda grew 48% to Rs 95 crore (led by Ebitda margin expansion by 566 basis points to 27.2%).

However, profit after tax grew three times to Rs 47 crore as a stronger operational performance was further supported by lower depreciation and interest expense.

Click on the attachment to read the full report:

ICICI Direct Gateway Distriparks Company Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES