Gateway Distriparks Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 05:06 am EDT
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Gateway Distriparks Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,769.71 million compared to INR 3,590.54 million a year ago. Revenue was INR 3,908.36 million compared to INR 3,770.36 million a year ago. Net income was INR 684.77 million compared to INR 850.18 million a year ago. Basic earnings per share from continuing operations was INR 1.37 compared to INR 1.7 a year ago. Diluted earnings per share from continuing operations was INR 1.37 compared to INR 1.7 a year ago.
For the full year, sales was INR 14,209.42 million compared to INR 13,736.64 million a year ago. Revenue was INR 14,430.28 million compared to INR 14,068.24 million a year ago. Net income was INR 2,398.99 million compared to INR 2,237.93 million a year ago. Basic earnings per share from continuing operations was INR 4.84 compared to INR 4.48 a year ago. Diluted earnings per share from continuing operations was INR 4.84 compared to INR 4.48 a year ago.
Gateway Distriparks Limited is an India-based integrated inter-modal logistics service provider. The Company has a network of approximately 10 container terminals that are located across the country, operating a fleet of 34 trainsets along with 560 trailers for transportation between its facilities and maritime ports, as well as first and last mile connectivity to provide end to end solutions to the EXIM industry. The Company, through its associate company, Snowman Logistics Limited, offers cold chain logistics and fifth-party logistics provider (5PL) distribution services across the country. It provides a host of services at all its container freight stations, which include container yards, customs handling, general warehousing, bonded warehousing, cargo stuffing and de-stuffing, first and last-mile connectivity through own fleet of trailers, empty container handling, container repair, customized solutions for customers handling carious cargo, and value-added services.