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Integrated inter-modal logistics company Gateway Distriparks has reported an about four-fold increase in consolidated net profit to Rs 46.60 crore for the March quarter on the back of strong recovery in throughput and realisations. The company had posted a consolidated net profit of Rs 11.69 crore in Q4 FY20, according to a statement. Total income rose 16.1 per cent to Rs 353.11 crore as against Rs 304.18 crore in the March quarter of fiscal 2019-20. The company operates four container freight stations at Navi Mumbai, Chennai, and Krishnapatnam. Two container freight stations are being operated at Kochi and Visakhapatnam through its subsidiaries, Gateway Distriparks (Kerala) Ltd and Gateway East India Pvt Ltd, respectively.
KrishnapatnamAndhra-pradeshIndiaMumbaiMaharashtraMundraMadhya-pradeshVisakhapatnamChennaiTamil-naduPrem-kishan-dass-guptaGateway-distriparks-kerala-ltdSnowman Logistics reported a net loss of Rs 0.42 crore in Q4 FY21 compared with net loss of Rs 1.17 crore in Q4 FY20.
Net sales during the quarter increased 5.1% year-on-year (YoY) to Rs 64.11 crore. The company reported a pre-tax profit of Rs 1.50 crore in Q4 March 2020 as against a pre-tax loss of Rs 1.34 crore in Q4 March 2020.
Snowman Logistics recorded a net profit of Rs 0.06 crore in the year ended 31 March 2021 as against net loss of Rs 15.01 crore in the year ended 31 March 2020.
Net sales declined 1.3% to Rs 237.10 crore in FY21 over FY20. The revenue drop was mainly in the transport vertical due to vehicle movement restrictions during the initial lockdown period.
KundliGujaratIndiaDelhiMumbaiMaharashtraPuneSiliguriWest-bengalSunil-nairPrem-kishan-dass-guptaGateway Distriparks Q4 profit at Rs 47 crore, reduces debt by Rs 237 crore ANI | Updated: Apr 27, 2021 14:32 IST
Mumbai (Maharashtra) [India], April 27 (ANI): Logistics major Gateway Distriparks Ltd (GDL) said on Tuesday its Q4 FY21 consolidated profit after tax jumped by 299 per cent to Rs 47 crore from Rs 12 crore in the same period of previous fiscal.
At the same time, earnings before interest, tax, depreciation and amortisation (EBITDA) moved up 41 per cent from Rs 70 crore to Rs 98 crore. Total income rose by 16 per cent to Rs 353 crore in the quarter ended March as compared to Rs 304 crore in Q4 FY20.
More significantly, the company managed to reduce its net debt by Rs 237 crore in FY21 to Rs 444 crore. The board of directors has approved an interim dividend of Rs 5 per share.
GurgaonHaryanaIndiaMumbaiMaharashtraLudhianaPunjabKrishnapatnamAndhra-pradeshFaridabadAhmedabadGujaratGateway Distriparks open to bid for Concor
February 22, 2021
Prem Kishan Dass Gupta, Chairman and Managing Director, GDL×
Feels running private passenger trains a risky proposition; eyes business from freight corridor
Gateway Distriparks Limited (GDL), a private container train operator is open to bid for a stake in Container Corporation of India’s (Concor) strategic divestment.
However, GDL which has been shortlisted for running private passenger trains, will not bid for the private passenger train project of Railways. This was told to
BusinessLine by Prem Kishan Dass Gupta, Chairman and Managing Director, GDL, who started as a newsprint importer.
GDL, with three container handling depots along the Western Dedicated Freight Corridor, will get “maximum advantage” as more sections of the dedicated freight corridor get operationalised, said Dass Gupta. His company has already run multiple double stack trains on the and some have achieved high speeds of 95 kmph.
Garhi-harsaruHaryanaIndiaDelhiMundraMadhya-pradeshNirmala-sitharamanConcor-tughlakabadDass-guptaPrem-kishan-dass-guptaGateway-distriparks-limitedIndian-railways Union Budget 2021: Digitisation key to solving stumbling blocks in logistics sector There is a pressing need for a complete digital transformation of the industry to handle international shipments efficiently FP Staff January 30, 2021 06:38:42 IST Funds for digitisation of shipping, logistics sector needed. Image courtesy NOAA's National Ocean Service/Wikimedia Commons
When the pandemic struck in 2020, one of the few industrial sectors that were able to help the ecosystem was logistics. However, it faced stumbling blocks faced as the sector is not fully digitised. There is a pressing need for a complete digital transformation of the industry to handle international shipments efficiently. Logistics firms shared their concerns and wish list from Budget 2021 with
IndiaSanjay-bhatiaNarasimhan-raghavanDhruvil-sanghviAlok-sharmaRhitiman-majumderPrem-kishan-dass-guptaAbhik-mitraSonesh-jainNational-logisticsUnion-budgetIndian-railwaysGateway Distriparks Ltd Q3FY21 consolidated net profit surges to Rs. 32.74 crore
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GATEWAY DISTRIPARKS LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.316.29 crores during the period ended December 31, 2020 as compared to Rs.266.95 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.32.74 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.4.22 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.2.76 for the period ended December 31, 2020 as compared to Rs.0.34 for the period ended September 30, 2020.
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