New Delhi, 26th May, 2023: Gateway Distriparks Limited (GDL), a leading integrated inter-modal logistics facilitator in India, today announced its audited financial results for the March quarter of the current financial year.
Note: The Company was operating CFS Punjab Conware in Nhava Sheva for 10 months in FY22 after which the O&M agreement expired. Punjab Conware FY22 revenue was Rs. 87.52 crores and EBTIDA was Rs. 15.84 crores. However, after payment of license fees Rs. 16.44 crores to Punjab State Warehousing Corporation, it was a loss making facility for the company. For a like-to-like comparison, excluding Punjab Conware CFS from the Company’s throughput and financials, on a YoY basis, the total throughput grew by 6.91% , total revenue grew by 10.5% and total EBITDA grew by 1.2% for the full financial year.
Prem Kishan Gupta, Chairman and Managing Director, commented, “We are pleased to report healthy financial performance for the company for the quarter and year ending 31st March 2023. While there has been a slowdown in Export volumes in the past six months, signs of recovery are now being seen from April onwards. Import volumes have been growing to a large extent. Our focus remains on improving efficiencies and expanding our network. In the beginning of FY23, we had allocated Rs. 500 crores towards capital expenditure to be utilised by fiscal year 2025, with about Rs. 200 crores already invested thus far towards the acquisition of ICD Kashipur and land procurement and initial development of ICD Jaipur. Our goal is to invest the remaining amount in new projects and we are actively exploring both greenfield and acquisition options in Northern and Central India to expand our network of ICDs in the next two years.”