Gateway Distriparks strong performance continues

News: Gateway Distriparks Q3FY22 revenues grew 4% QoQ (11% YoY) to Rs.349 crore, while PAT grew 2% QoQ (44% YoY) to Rs.48 crore. On the operational front, EBITDA margins remained range-bound at 27% levels, leading to an absolute EBITDA growth of 3% QoQ to Rs.93 crore.

Views: The company has amalgamated all its CFS, ICD and Rail business into a single entity, GDL. The company saw an overall 2% volume growth to 1.77 lakh TeUs. Net Debt on Dec21, stood at Rs.374 crore vs. Rs.440 crore in September 30, 2021.

Impact: Positive