23 Apr, EOD - Indian

Nifty Midcap 100 55041.1 (1.18)

SENSEX 80116.49 (0.65)

Nifty Next 50 65999.65 (0.69)

Nifty IT 35414.65 (4.34)

Nifty Smallcap 100 16969.75 (0.44)

Nifty 50 24328.95 (0.67)

Nifty Bank 55370.05 (-0.50)

Nifty Pharma 21738.95 (1.40)

23 Apr, EOD - Global

NIKKEI 225 34868.63 (1.89)

HANG SENG 22072.62 (2.37)

S&P 5434.19 (2.36)

LOGIN HERE

companylogoGateway Distriparks Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 543489 | NSE Symbol : GATEWAY | ISIN : INE079J01017 | Industry : Miscellaneous |


Chairman's Speech

Dear Shareholders,

We are delighted to present the Annual Report of Gateway Distriparks Limited for thefinancialyear 2023-24.

Despite facing a multitude of challenges during the fiscal year 2023-24, our determination has remained unwavering. The overseas economic environment presented numerous obstacles, including geopolitical instability and the Red Sea crisis, which led to increased freight rates, supply chain disruptions, and reduced utilization. These factors significantly impacted our operations and market dynamics. Nevertheless, these challenges have guided us to navigate complexities with a balanced approach, placing equal importance on our business objectives and the trust and goodwill of our customers.

In FY 2023-24, our Company achieved a total consolidated revenue, including other income, of Rs. 1,553.2 crores, compared to Rs. 1,443.0 crores in the previous year. Profit After Tax was Rs. 258.3 crores, compared to Rs. 241.9 crores during FY 2022-23. The Company handled 7.31 lakh TEUs, up from 7.13 lakh TEUs in FY 2022-23.

Our early position in the ICD market has enabled us to benefit from the WDFC, resulting in improving our efficiency in terms of turnaround time and loadability.

We have successfully managed double-stacked containers since 2011, and with each section of the corridor becoming operational, the efficiency of our trains' turnaround time will continue to enhance. The ongoing track upgrades and addition of new rail lines are contributing to the development of more dedicated freight corridors, connecting the Golden Quadrilateral and its diagonals. In the long term, this expansion paves the way for our company to establish itself as a comprehensive rail operator, offering services for both Domestic EXIM operations across India.

Looking ahead, we are excited about our expansion plans. We are currently working on adding two additional rail-linked Inland Container Depots (ICDs) in North and Central India. These terminals will connect to our existing network of rail terminals aligned with the Western Dedicated Freight Corridor (WDFC).

Our associate company, Snowman Logistics Limited (SLL), is a leader in providing comprehensive temperature-controlled warehousing, transportation and distribution services across India. As of March

31, 2024, Gateway Distriparks Limited holds 45.24% in SLL. SLL has a warehousing capacity of 1,41,000+ pallets across 45 warehouses in 20 cities on a pan India basis. SLL also has a fleet of 270+ vehicles.

Snowman Logistics Limited (SLL) recorded a Revenue of Rs. 503.37 crores as against Rs. 417.65 crores; an EBITDA of Rs. 108.32 crores from Rs. 96.07 crores; PBT of Rs. 25.24 Crores from Rs. 21.50 Crores and PAT of Rs. 12.70 crores from Rs. 13.40 crores vis-a-vis the previous year.

We remain steadfast in our commitment to deliver value to each one of our stakeholders. Looking ahead, our vision is clear - to maintain our market leadership in the sector in India. We are fully committed to achieving this objective by staying focussed even in times of resilience with our strategic priorities.

In closing, I want to express my heartfelt appreciation for your continued support and trust. Thank you for being an integral part of our journey.

Prem Kishan Dass Gupta

Chairman & Managing Director

   

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +