Gateway Distriparks Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 07:01 am EST
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Gateway Distriparks Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,985.28 million compared to INR 3,591.34 million a year ago. Revenue was INR 4,014.21 million compared to INR 3,619.1 million a year ago. Net income was INR 730 million compared to INR 590.59 million a year ago. Basic earnings per share from continuing operations was INR 1.47 compared to INR 1.19 a year ago. Diluted earnings per share from continuing operations was INR 1.47 compared to INR 1.19 a year ago.
For the six months, sales was INR 7,682.14 million compared to INR 7,028.82 million a year ago. Revenue was INR 7,762.68 million compared to INR 7,091.34 million a year ago. Net income was INR 1,359.49 million compared to INR 1,166.38 million a year ago. Basic earnings per share from continuing operations was INR 2.75 compared to INR 2.36 a year ago. Diluted earnings per share from continuing operations was INR 2.75 compared to INR 2.36 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.