Gateway Distriparks (GATEWAY) Q1 24/25 earnings summary

Executive summary

• Leading multimodal logistics provider with a network of 10 container terminals, large fleet, and strategic locations serving major industrial zones in India.

• Services include rail and road transportation, warehousing, container freight stations, and value-added logistics solutions.

• Associate company Snowman Logistics is the largest integrated temperature-controlled logistics provider in India.

• Un-audited standalone and consolidated financial results for Q1 FY25 were approved, with a limited review by statutory auditors expressing a qualified conclusion due to regulatory matters.

• First interim dividend of Rs.1.25 per equity share declared for FY 2024-25, with record date set as August 21, 2024.

Financial highlights

• Q1 FY25 total income at ₹382 Cr, up from ₹375 Cr in Q4 FY24 and ₹358 Cr in Q1 FY24.

• Q1 FY25 EBITDA at ₹90 Cr (margin 23.6%), compared to ₹101 Cr (26.8%) in Q1 FY24 and ₹89 Cr (25.0%) in Q4 FY24.

• Q1 FY25 PAT at ₹53 Cr (margin 13.7%), down from ₹57 Cr (14.8%) in Q4 FY24 and ₹49 Cr (17.0%) in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was Rs.35,310.80 lakh, compared to Rs.35,765.07 lakh in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at Rs.0.97, compared to Rs.1.26 in Q1 FY24.

Outlook and guidance

• Focus on organic and inorganic growth in the rail segment, leveraging the Western Dedicated Freight Corridor for improved transit times.

• Plans to double installed capacity with low capex, supported by an adequate land bank.

• Management expects no material adjustments from ongoing regulatory and legal matters, based on legal opinions and internal assessments.