Gateway Distriparks Limited (NSE: GATEWAY, BSE: 543489) has announced its unaudited financial results for the quarter ended December 31, 2024, along with the declaration of a second interim dividend of ₹0.75 per share for FY25.
Key Financial Highlights (Standalone)
(₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
38,568.83
38,370.52
38,327.23
1,11,401.66
1,13,085.20
1,49,693.64
Total Income
39,034.77
39,936.16
38,520.77
1,13,886.89
1,14,873.75
1,51,987.19
Profit Before Tax
6,336.21
7,540.75
6,055.68
18,791.67
19,516.66
24,530.17
Net Profit
5,680.87
7,042.93
5,997.65
17,350.13
19,381.49
24,536.47
Earnings Per Share (₹)
1.14
1.41
1.20
3.47
3.88
4.91
Revenue from operations stood at ₹38,568.83 lakh, reflecting a 0.6% increase QoQ but flat YoY.
Net profit stood at ₹5,680.87 lakh, marking a 5.3% YoY decline.
EPS for Q3 FY25 was ₹1.14, compared to ₹1.41 in Q2 FY25 and ₹1.20 in Q3 FY24.
Consolidated Financial Performance
(₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
40,251.56
38,999.27
39,294.59
1,14,561.63
1,16,115.97
1,53,613.07
Total Income
40,704.09
39,457.20
39,487.40
1,15,926.36
1,17,114.23
1,55,318.61
Profit Before Tax
45,516.06
6,515.27
6,630.87
57,292.77
20,473.29
26,129.04
Net Profit
45,551.63
6,013.89
6,454.02
56,472.88
20,176.93
25,826.52
Earnings Per Share (₹)
9.11
1.20
1.26
11.29
4.00
5.12
Significant jump in PBT and Net Profit due to ₹39,076.72 lakh exceptional gain from revaluation of its stake in Snowman Logistics, now a subsidiary.
Dividend Declaration
The Board has declared a Second Interim Dividend of ₹0.75 per share (7.5%) for FY25.
Record Date: February 7, 2025.
Payout Date: On or before March 4, 2025.
Key Developments & Announcements
1. Snowman Logistics Becomes a Subsidiary
Gateway Distriparks acquired a controlling stake in Snowman Logistics on December 24, 2024.
The acquisition resulted in a one-time fair valuation gain of ₹39,076.72 lakh, significantly boosting profits.
2. Arbitration with CONCOR
Gateway Distriparks is engaged in arbitration with Container Corporation of India Limited (CONCOR)over container train operations in Garhi Harsaru.
The company maintains that claims made by CONCOR are not sustainable.
3. Legal & Regulatory Proceedings
SEIS Benefits Under Scrutiny: The company has received show cause notices from ADGFT and the Commissioner of Customs regarding SEIS benefits of ₹10,068.78 lakh.
Benami Property Allegations: ₹866.25 lakh worth of land acquisitions are under provisional attachment by the tax authorities.
Income Tax Survey: The Income Tax Department raised a demand of ₹9,519.66 lakh, but rectification orders have reduced this to ₹451.96 lakh.
Strategic Outlook
Expansion into Cold Chain Logistics: The consolidation of Snowman Logistics positions Gateway Distriparks as a leader in cold-chain logistics.
New ICD Project in Jaipur: The company acquired 21.4 acres for ₹2,147.45 lakh for an upcoming ICD facility.
De-notification of Krishnapatnam CFS: The company is exploring alternative uses for assets at Krishnapatnam, including the sale of land to Snowman Logistics for ₹2,000 lakh.
Management Commentary
Prem Kishan Dass Gupta, Chairman & MD, stated: "We have delivered a resilient performance despite industry challenges. The integration of Snowman Logistics will unlock synergies and allow us to expand into the high-growth cold-chain logistics segment. Our strong financial position enables us to reward shareholders while continuing our growth strategy."
Conclusion
Gateway Distriparks Limited reported stable operational performance, with a significant one-time gain from Snowman Logistics acquisition driving profits. The company continues its strategic expansion in Jaipur, while navigating regulatory challenges. Investors can expect sustained growth driven by logistics expansion, cold-chain opportunities, and infrastructure investments.