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10-Aug-2024

Gateway Distriparks

Sales down 5% and net down 23%


'Consolidated net sales (including other operating income) of Gateway Distriparks for the quarter ended Jun 2024 has declined 4.48% to Rs 353.11 crore.  Throughput in Q1FY25 was down by 4.71%YoY (to 171425 TEUs) with the throughput of Rail Vertical down by 8.78% (to 82043 TEUs) and that of CFS down by marginal 0.64%YoY (to 89382 TEUs).Operating profit margin has declined from 25.81% to 24.04%, leading to 11.03% decline in operating profit to Rs 84.88 crore.  Employee cost increased from 5.04% to 5.61%.   Other expenses rose from 69.16% to 70.35%.   Other direct service cost rose from 61.94% to 63.38%.   

Other income fell 12.02% to Rs 4.54 crore.  PBIDT fell 11.08% to Rs 89.42 crore.  Provision for interest rose 1.87% to Rs 11.47 crore.  

PBDT fell 12.71% to Rs 77.95 crore.  Provision for depreciation rose 4.70% to Rs 26.06 crore.  

Profit before tax down 19.44% to Rs...



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