Gateway Distriparks (GATEWAY) Q4 21/22 earnings summary

Executive summary

• FY22 delivered consolidated revenue from operations of ₹1,373.66 crore and PAT of ₹223.82 crore; container throughput rose to 7.07 lakh TEUs from 5.69 lakh.

• A composite merger took effect on 28 Dec 2021, followed by a name change and stock-exchange listing on 22 Mar 2022; comparative financials were retrospectively restated from 1 Apr 2020.

• Operations span rail-linked ICDs, port-side CFSs and temperature-controlled logistics through Snowman Logistics; capacity includes 31 rakes, 531 trailers and over 650,000 TEUs at ICDs.

Financial highlights

• Consolidated revenue from operations was ₹1,373.66 crore versus ₹1,179.32 crore YoY; total income was ₹1,406.82 crore versus ₹1,190.66 crore.

• Consolidated PAT was ₹223.82 crore versus ₹94.49 crore; EPS was ₹4.48 versus ₹1.90. Tax expense was a ₹13.70 crore benefit, including a ₹22.24 crore prior-year tax adjustment.

• FY22 performance highlights listed EBITDA of ₹401.70 crore, PAT of ₹223.82 crore, cash profit of ₹300.83 crore and EBITDA margin of 29%.

• Consolidated operating cash flow was ₹363.40 crore versus ₹307.63 crore; cash and cash equivalents ended FY22 at ₹189.66 crore versus ₹91.69 crore.

Outlook and guidance

• Planned network expansion includes rail-connected terminals near north-west industrial hubs, with new locations and existing land banks targeted for added capacity.

• Management expects the Western Dedicated Freight Corridor to improve train turnaround as additional sections open; rising rail use offers sustainable, lower-cost transport amid fuel-price increases.

• Growing export-import volumes and demand for pharma and food cold-chain services are expected to support throughput and long-term profitability.