Gateway Distriparks Limited Posted Muted Results: EBITDA Rose 1.57% YoY

On May 31, 2024, Gateway Distriparks Limited (GDL), a leading multimodal logistics company in India, announced its results for the quarter and year ended March 31, 2024.

Quarterly Performance

During the quarter ended March 31, 2024, the company reported a 2.25% fall in total revenue to ₹382.04 crore. In addition, EBITDA for the quarter amounted to ₹90.30 crore.

Yearly Performance

The company’s total revenue amounted to ₹1,553.19 crore in FY24, which was ₹1,249.02 crore from the Rail segment and ₹304.17 crore from the CFS segment.

Future Growth

The company is future-ready on the back healthy balance sheet (supported by a stronger asset base, with large cash reserves), dedicated freight corridor and the company’s long-term strategy for rail, business involves organic & inorganic growth

“The results this quarter have been muted primarily on account of the Red Sea crisis which has disrupted supply chains, causing a slowdown in EXIM business in India. However, our network advantage, along with double-stack hubs, has helped us minimise costs while we navigate these obstacles. We continue to explore land for new container terminals and are optimistic that our Faridabad ICD will soon become a double-stack location as railway work nears completion. Our focus remains on expanding our network and sustaining growth,” said Prem Kishan Dass Gupta, Chairman and Managing Director.

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