Gateway Distriparks Q1 Review - Rail Continues To Drive Earnings Higher: ICICI Securities

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..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Gateway Distriparks Q1 Review - Rail Continues To Drive Earnings Higher: ICICI Securities

Gateway Distriparks Q1 Review - Rail Continues To Drive Earnings Higher: ICICI Securities

Choose a plan