Gateway Distriparks (GDL) rail segment reports highest ever EBITDA/TeUGATEWAY - 70 Change: 0.00 (0.00 %)
News: GDL announced its Q4FY22 results. Its rail segment (77% of topline) continued its strong run, with its topline growing 8% (mainly due to 16% volume growth to 90385 TeUs) and registering highest ever EBITDA/TeU of Rs 10356/TeU. CFS segment reported 12% decline in revenues and hence the consolidated revenues remained relatively flattish.
Views: Net debt for the company stood at Rs298 crore vs Rs374 crore in Dec, 21. The company expects the EBITDA/TeU to hover at 9000 +/- 5% levels and the company plans to embark on a capex of Rs150 crore over next two years (for setting up newer 2 terminals and acquire 10 high capacity train sets). The company has been at the forefront of providing assured time-bound EXIM delivery services on DFC.