Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Gateway Distriparks Ltd announces FY2020 performance

Posted On: 2020-06-05 20:19:54

Gateway Distriparks Limited (GDL) a leading integrated inter-modal logistics facilitator in India today announced its audited financial results for the quarter and full year ended March 31st, 2020.

FY20 Consolidated performance

- Total Income increases by 195.4% from Rs. 443 Crores to Rs. 1,310 Crores YoY
- EBITDA excl. Exceptional items increased by 247.7% from Rs. 95.2 Crores to Rs. 331 Crores;
- EBITDA Margin at 25.3% compared to 21.5% YoY
- PBT before Exceptional item at Rs. 95 Crores
- Paid interim dividend of 45% (Rs. 4.50 per equity share) for FY 2019-20 in March 2020
- Prepayment of NCDs worth Rs. 110 Crores (including interest) over last 6 months

Other highlights:

- The increase in Total Income and EBITDA is due to the consolidation of results of GRFL with GDL
- Capex incurred during FY20 stood at Rs. 49.4 Crores majorly for the rail transportation business
- Prepaid NCD's worth Rs. 110 Crores
- Rs. 50 Crores (including interest) on January 20, 2020
- Rs. 60 Crores (including interest) on May 21, 2020
- Net Debt as on March 31, 2020 stands at Rs. 681 Crores as against Rs. 747 Crores as on March 31, 2019
Gateway Rail Freight Limited FY20 financial performance:
- Revenues were Rs. 868.6 Crores
- EBITDA was Rs. 187.6 Crores and EBITDA margin stood at 21.6%
- PAT was Rs. 91.3 Crores and PAT Margin stands at 10.5%

CFS business FY20 financial performance:

- Revenues were Rs. 423.3 Crores
- EBITDA was Rs. 136.9 Crores with an EBITDA margin of 32.3%
- PAT was Rs. 23.7 Crores and PAT Margin stands at 5.6%

Snowman Logistics FY20 financial performance:

- Revenues were Rs. 240.2 Crores
- EBITDA was Rs. 63.4 Crores and EBITDA margin stood at 26.4%
- PAT was Rs. -15.4 Crores

Commenting on the performance, Mr. Prem Kishan Gupta, Chairman & Managing Director, commented, "Our financial performance in such challenging times has been satisfactory. Our profitability margins remained intact and we have been able to maintain a healthy financial position thereby meeting our financial obligations in a timely manner. We have prepaid Rs. 110 crores of Non-Convertible Debentures in the last six months which are due in April 2021, thereby reducing our debt and our focus towards further deleveraging our balance sheet continues.

An upsurge in domestic demand and the likelihood of global firms shifting their manufacturing base to India, will also propel growth of our industry in the times to come. Also, Rail as a mode of transport has been resilient during the lockdown period thereby establishing itself as more reliable in comparison to Road. The commissioning of Dedicated Freight Corridor will further improve the attractiveness of the container rail business.

With the CFS and ICD linked Rail business under one roof, we have geared ourselves for future growth backed by our state-of-the-art infrastructure, strategically located facilities and comprehensive service offerings."

Shares of GATEWAY DISTRIPARKS LTD. was last trading in BSE at Rs.82.75 as compared to the previous close of Rs. 82.05. The total number of shares traded during the day was 9548 in over 244 trades.

The stock hit an intraday high of Rs. 83.5 and intraday low of 81.85. The net turnover during the day was Rs. 787506.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Cipla Limited updates on US arm's agreement with Pulmatrix, Inc. USA

The Phoenix Mills Limited board approves fund raising proposal

City Union Bank Ltd to raise Rs. 600 crore through QIP

First Container vessel carrying Export Cargo from India to Bangladesh

MBL's Performance for the year ended 31st March 2020

Den Networks Ltd board to announce first quarter results on July 20, 2020

AU Small Finance Bank Ltd board to approve 1st quarter results on July 23, 2020

Sundaram-Clayton Ltd board to consider Q1FY21 results on July 30, 2020

Kwality Pharmaceuticals Ltd FY2020 consolidated PAT up at Rs. 8.31 crore

Mahindra Holidays & Resorts India Ltd board to approve 1st quarter results on July 31, 2020

Mahindra Lifespaces appoints Parveen Mahtani as Chief Legal Officer

Vedanta launches phase 2 of 'Meal for All' program

Muthoot Finance launches cashback scheme for customers amid COVID-19

Kanchi Karpooram Ltd's expansion delayed, expects to complete by December 2020

International Conveyors Ltd board recommends dividend of Rs. 0.20 for FY20

CRISIL Ltd board to Q2CY2020 results on July 21, 2020

Godrej Industries Ltd board approves raising Rs. 750 crore through NCDs

Aditya Birla Capital's subsidiaries record over four million customer interactions on digital service platforms

Shiva Texyarn launches Medic Virostat Mask at Rs 49

YES BANK FPO of Rs. 15,000 crore opens on July 15, sets Price Band between Rs. 12 to Rs. 13

COVID-19: Liberty Shoes expects 35%-45% fall in revenues this fiscal

Acuite downgrades long term rating of Goa Carbon Ltd

Hatsun Agro Product Ltd board to approve Q1 FY2021 results and interim dividend on July 21, 2020

TVS Motor Company Ltd board to consider 1st quarter results on July 29, 2020

Rajratan Global Wire Ltd board to announce Q1FY21 results on July 21, 2020

5paisa Capital Ltd swings to profit in Q1 FY2020-21

Universal Autofoundry Ltd FY2020 consolidated loss at Rs. 4.05 crore

India Home Loan Ltd Board recommends Final Dividend of Rs. 0.15

HDFC board to announce Q1FY21 results on July 30, 2020

India Home Loan Ltd Q4 FY20 PAT soars to Rs. 1.64 crore

The South India Paper Mills Ltd board to announce Q1FY21 results on July 30, 2020

Asian Oilfield Services Ltd - Business Update

L&T board to announce Q1 FY2021 results on July 22, 2020

HeidelbergCement India Ltd board to announce quarterly results on July 22, 2020

Asahi Songwon Colors Ltd board to approve Q1FY21 results on July 21, 2020

Mr. Subramanian Sarma Inducted as Executive Director on L&T Board, Mr. S V Desai & Mr. T Madhava Das elevated

Glenmark commences 1000 patients Post Marketing Surveillance study with COVID-19 who are administered FabiFlu®

Quick Heal redefines Consumer Security in India

CARE reaffirms rating of Bhageria Industries Limited

Adani Ports and Special Economic Zone Limited updates on ratings from global rating agencies

Birlasoft intelliOpen™ supports safe return-to-work strategies

Morgan Stanley to Consolidate Mumbai GIC operations to a Single Campus at Oberoi Realty's Commerz III Building in Goregaon

Steel Strips Wheels Ltd receives new orders from EU and USA

MBL Infrastructures Ltd gets three favorable arbitration awards

Gitanjali Gems Ltd to be liquidated

Qualcomm Ventures to invest Rs. 730 crore in Jio Platforms

Aarti Surfactants Limited to list on July 14, 2020

Hindustan Unilever Ltd board to consider quarterly results on July 21, 2020

Avenue Supermarts Ltd reports earnings for Q1FY21

Clariant Chemicals' declares Special Interim Dividend of Rs. 140/- per share

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019