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Logistics

Gateway Distriparks registers strong recovery with Q4 YoY PAT up 299%

April 27, 2021: The integrated intermodal logistics facilitator Gateway Distriparks today announced its audited financial results for the January to March quarter with 16.1 percent income growth and the financial year ended March 31, 2021 with a 9.1 percent decrease in income.

Gateway Distriparks%u2019 rail container business recorded the highest-ever monthly throughput of 26,426 TEUs in March 2021.
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Gateway Distriparks%u2019 rail container business recorded the highest-ever monthly throughput of 26,426 TEUs in March 2021.

April 27, 2021: The integrated intermodal logistics facilitator Gateway Distriparks today announced its audited financial results for the January to March quarter with 16.1 percent income growth and the financial year ended March 31, 2021, with a 9.1 percent decrease in income.

Gateway Distriparks’ rail container business recorded the highest-ever monthly throughput of 26,426 TEUs in March 2021. Q4 consolidated EBITDA was up 41 percent YoY from ₹69.5 crore to ₹98.1 crore and Q4 consolidated PAT up 299 percent from ₹11.7 crore to ₹46.6 crore while net debt reduced by ₹237 crore in FY21 to ₹444 crore.

Consolidated Financials for Q4 and FY 2020-21

Particulars (Rs. Crs)

Q4FY21

Q4FY20

QoQ Growth

FY21

FY20

YoY Growth

Total Income

353.11

304.18

16.1%

1190.68

1309.56

-9.1%

EBIDTA

98.14

69.53

41.1%

324.34

331.13 @@

-2.1%

EBIDTA Margin

27.8%

22.9%

27.2%

25.3%

PAT

46.60

11.69

298.6%

94.68

103.78

-8.8%

PAT Margin

13.2%

3.8%

7.9%

7.9%

Prem Kishan Dass Gupta, chairman & managing director, said,“ H1FY21 was impacted by Covid-19-linked disruptions, however as the year went on, we could see volumes bounce back month over month and reach a new all-time high. The revival in the EXIM trade has been much faster than anticipated. In Q3FY21, the company witnessed a sharp recovery in its overall volumes for both our CFS and rail container business. The CFS business recorded a peak throughput of 33,793 TEUs in the month of March 2021 for the year whereas the rail container business recorded highest ever-monthly throughput of 26,426 TEUs in the month of March 2021, thus surpassing the previous all-time high throughput of 25,676 TEUs recorded in December 2020.”

“The 306 km long Rewari-Madar section of the WDFC (western dedicated freight corridor) was inaugurated in the first week of January 2021. The WDFC will bring in a lot of operating efficiency at our 4 owned ICDs in the North-West corridor leading to further improvement in service quality for our customers. The trials on the next section of Madar to Palanpur which will connect Mundra and Pipavav have already started and is expected to be commissioned soon. We were one of the first container train operators to run our train on the newly inaugurated section of the WDFC. The transit time of our trains have already reduced and will further reduce significantly, allow higher double stacking of containers and help to provide an even more reliable service to our customers through our North India ICDs at Garhi Harsaru, Faridabad, and Ludhiana,” he said.

“During the year we have been able to reduce our net debt from ₹681 crore to ₹444 crore. Further, in April we have redeemed another ₹20 crore worth of NCDs. Our efforts towards strengthening our balance sheet through reducing our debt continue and will enable us to start working on our next phase of expansion of container terminals alongside the WDFC,” he added.

FY 21 vs FY 20

Particulars

Throughput (TEUs)

Revenues (Rs. Crs)

EBITDA/ TEU (Rs./TEU)

FY21

FY20

YoY%

FY21

FY20

YoY%

FY21

FY20

YoY%

Rail Business

248,504

257,030

-3.3%

815.90

868.65

-6.1%

8,913

7,299

22.1%

CFS Business

320,012

395,152

-19.0%

363.45

423.36

-14.1%

3,156

3,464

-8.9%

Q-4 (March 21) vs Q-4 (March-20)

Particulars

Throughput (TEUs)

Revenues (Rs. Crs)

EBITDA/ TEU (Rs./TEU)

Q-4 FY21

Q-4 FY20

QoQ%

Q-4 FY21

Q-4 FY20

QoQ%

Q-4 FY21

Q-4 FY20

QoQ%

Rail Business

77,772

67,636

15.0%

95.63

79.96

19.6%

9,920

7,511

32.1%

CFS Business

92,851

87,176

6.5%

254.63

219.12

16.2%

2,415

1,663

45.2%


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