Gateway Distriparks (GATEWAY) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 throughput was 191,749 TEUs; consolidated total income was ₹585.6 cr, EBITDA ₹131.5 cr and PAT ₹58.5 cr.

• Container operations returned to normalized levels after a weak Q1; management cited ~100,000 TEUs and INR 100 crore EBITDA per quarter as a reference run rate amid macro uncertainty.

• Q2 consolidated revenue was ₹58,012.67 lakh and PAT ₹5,852.85 lakh; the Board approved Samvid Gupta’s five-year reappointment as Joint Managing Director from February 7, 2027, subject to shareholder approval.

Financial highlights

• Q2 consolidated total income rose 3% YoY to ₹585.6 cr, EBITDA rose 7% to ₹131.5 cr and EBIT increased 9% to ₹92.3 cr.

• Q2 consolidated PBT increased 15% YoY to ₹79.0 cr; PAT declined 12% to ₹58.5 cr and EPS was ₹1.16 versus ₹1.34.

• H1 total income was ₹1,139.3 cr, EBITDA ₹253.0 cr and PAT ₹109.8 cr; YoY changes were +1%, +3% and -15%, respectively.

• Standalone Q2 revenue was ₹40,969.78 lakh and PAT ₹5,656.43 lakh; H1 revenue was ₹77,645.05 lakh and PAT ₹10,443.34 lakh.

Outlook and guidance

• Rail volumes are targeted at a minimum of 100,000 per quarter for the rest of FY27; next year’s growth guidance remains double-digit, supported by a full year of Ankleshwar EXIM operations.

• Ankleshwar MMLP EXIM operations are beginning after permissions were secured; initial volumes are minimal, with Q3 FY27 contribution expected, and empty-container movement has started.

• Snowman plans 24,000 additional pallets across Hyderabad, Pune and Patna by mid-2027; management also cited ~23,000 pallets under construction and ~20,000 more under discussion, targeting annual EBITDA above INR 100 crore.

• 5PL growth is expected to recover in Q3 and Q4; new customers are pursued selectively, avoiding contracts with nil or negative margins.