Gateway Distriparks reports 10% profit in Q3 FY 2018

Posted by Daily Shipping Times on 22-02-2018        Tweet

•             Revenue from operations stood at Rs 340.2 Cr in Q3.

•             EBITDA (Exc. Investment Income) increased 2.5 % to Rs 70.0 Cr in Q3

•             Profit Before Tax increased by 0.8 % to Rs 33.0 Cr in Q3

•             Profit After Tax went up by 10.0 % to Rs 27.9 Cr in Q3

MUMBAI: Gateway Distriparks has reported a 10 % growth in its Profit after Tax for the third quarter of current fiscal year. The Revenue from Operation were almost flat at Rs. 340.2 crore during the same period.

Mr. PremKishanDass Gupta, Chairman & Managing Director, said, “We strongly believe that as the trade volumes of the Country improve, we are well positioned to capture growth and utilise our existing infrastructure to its full potential. In addition to that, the synergy between our group companies is constantly increasing in the operational as well as marketing front, which is bringing in overall efficiencies. Our cold chain business has turned around and posted a marginal profit this quarter as well. Delivering profitable results to our valued shareholders will continue to remain our unswerving focus, through our strategic initiatives.”

Segment-wise performance (Q-3 Vs Q-2):

CFS : Throughput was down 4.7% to 97,104 TEUs. EBITDA increased 3.7% to Rs. 22.0 Crores. PBT went down 4.2% to Rs. 14.3 Crores, while PAT decreased 4.0% to Rs. 10.1 Crores.

Rail : Throughput was down 4.1 % to 58,720 TEUs. EBITDA decreased 6.9 % to Rs. 34.9 Crores. PBT went down by 14.1 % to Rs. 18.5 Crores while PAT was down by 5.2 % to Rs. 17.6 Crores.

Cold Chain : EBITDA went up 37.0 % to Rs13.1 Crores. PBT was Rs 0.3 Crores against a loss of 3.7 Crores in Q-2. PAT was Rs0.3Crores against a loss of 3.7 Cr. in Q-2.