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