- Rail Container business recorded highest ever monthly throughput of 26,426 TEUs in March ‘21
- Q4 Consolidated EBITDA up 41% YoY from Rs. 69.5 crores to Rs. 98.1 crores
- Q4 Consolidated PAT up 299% from 11.7 crores to 46.6 crores
- Net debt reduced by Rs. 237 Crores in FY21 to Rs. 444 Crores
- Board of Directors approved Interim Dividend of Rs. 5 per share
Strong recovery in throughput and realization. Q4 YoY Profit after tax up 299%
Mumbai/Delhi, April 27th, 2021: Gateway Distriparks Limited (GDL) a leading integrated inter-modal logistics facilitator in India today announced its audited financial results for the quarter and
Financial year ended March 31st, 2021.
Consolidated Financials for Q4 and FY 2020-21:
| Particulars (Rs. Crs) | Q4FY21 | Q4FY20 | QoQ Growth | FY21 | FY20 | YoY Growth |
| Total Income | 353.11 | 304.18 | 16.1% | 1190.68 | 1309.56 | -9.1% |
| EBIDTA | 98.14 | 69.53 | 41.1% | 324.34 | 331.13 @@ | -2.1% |
| EBIDTA Margin | 27.8% | 22.9% | 27.2% | 25.3% | ||
| PAT | 46.60 | 11.69 | 298.6% | 94.68 | 103.78 | -8.8% |
| PAT Margin | 13.2% | 3.8% | 7.9% | 7.9% |
* Note: Includes SEIS income Rs. 52.80 Cr.
Key Operational Highlights:
FY 21 vs FY 20:
| Particulars | Throughput (TEUs) | Revenues (Rs. Crs) | EBITDA/ TEU (Rs./TEU) | ||||||
| FY21 | FY20 | YoY% | FY21 | FY20 | YoY% | FY21 | FY20 | YoY% | |
| Rail Business | 248,504 | 257,030 | -3.3% | 815.90 | 868.65 | -6.1% | 8,913 | 7,299 | 22.1% |
| CFS Business | 320,012 | 395,152 | -19.0% | 363.45 | 423.36 | -14.1% | 3,156 | 3,464 | -8.9% |
Q-4 (March 21) vs Q-4 (March-20):
| Particulars | Throughput (TEUs) | Revenues (Rs. Crs) | EBITDA/ TEU (Rs./TEU) | ||||||
| Q-4 FY21 | Q-4 FY20 | QoQ% | Q-4 FY21 | Q-4 FY20 | QoQ% | Q-4 FY21 | Q-4 FY20 | QoQ% | |
| Rail Business | 77,772 | 67,636 | 15.0% | 95.63 | 79.96 | 19.6% | 9,920 | 7,511 | 32.1% |
| CFS Business | 92,851 | 87,176 | 6.5% | 254.63 | 219.12 | 16.2% | 2,415 | 1,663 | 45.2% |
Other Highlights:
- Net Debt as on March 31, 2021 stands at Rs. 444 Crores against Rs. 681 Crores as on March 31, 2020
Financial performance
- Gateway Rail Freight Limited:
Q4 FY21:
- Revenues were Rs. 254.63 Crores vs Rs .219.12 crore Q4FY20
- EBITDA was Rs. 75.28 Crores vs Rs .50.78 crore Q4FY20
- PAT was Rs. 50.17 Crores vs Rs. 27.65 crore Q4FY20
FY21:
- Revenues were Rs. 815.90 Crores vs Rs .868.65 crore in FY20
- EBITDA was Rs. 219.61 Crores vs Rs . 183.55 crore in FY20
- PAT was Rs. 118.11 Crores vs Rs. 91.24 crore in FY20
- CFS business:
Q4 FY21:
- Revenues were Rs. 95.62 Crores vs Rs 79.96 crore Q4FY20
- EBITDA was Rs. 22.42 Crores vs Rs 14.51 crore Q4FY20
- Net Loss was Rs. 2.10 Crores vs loss Rs 14.62 crore Q4FY20
FY21:
- Revenues were Rs. 363.45 Crores vs Rs .423.36 crore in FY20
- EBITDA was Rs. 100.99 Crores vs Rs . 136.90 crore in FY20
- Loss was Rs. 17.61 Crores vs PAT Rs. 23.74 crore in FY20
- Snowman Logistics:
Q4 FY21:
- Revenues were Rs. 64.11 Crores vs Rs. 60.98 crore Q4FY20
- EBITDA was Rs. 16.80 Crores vs Rs. 15.23 crore Q4FY20
- Loss was Rs. 0.53 Crores vs loss Rs 1.72 crore Q4FY20
FY21:
- Revenues were Rs. 237.10 Crores vs Rs .240.20 crore in FY20
- EBITDA was Rs. 65.00 Crores vs Rs . 60.19 crore in FY20
- PAT was Rs. 0.15 Crores vs loss Rs. 15.35 crore in FY20
- Board of Directors at their meeting held on 27th April 2021 approved the payment of First Interim Dividend of Rs. 5 (Rupees Five only) per equity share of face value Rs. 10/- each, for FY22
Commenting on the performance, Mr. Prem Kishan Dass Gupta, Chairman & Managing Director, commented,
“The growth momentum we had gathered in Q3 has continued in Q4 as well. H1FY21 was impacted by COVID-19-linked disruptions, , however as the year went on, we could see volumes bounce back month over month and reach a new all time high. The revival in the EXIM trade has been much faster than anticipated. In Q3FY21, the company witnessed a sharp recovery in its overall volumes for both our CFS and Rail Container business. The CFS business recorded peak throughput of 33,793 TEUs in month of March 2021 for the year whereas the Rail container business recorded highest ever monthly throughput of 26,426 TEUs in the month of March 2021, thus surpassing previous all-time high throughput of 25,676 TEUs recorded in December 2020.
The 306 km long Rewari-Madar section of the WDFC (Western Dedicated Freight Corridor) was inaugurated in the first week of January 2021. The WDFC will bring in a lot of operating efficiency at our 4 owned ICDs in the North-West corridor leading to further improvement in service quality for our customers. The trials on the next section of Madar to Palanpur which will connect Mundra and Pipavav have already started and is expected to be commissioned soon. We were one of the first Container Train Operators to run our train on the newly inaugurated section of the WDFC. The transit time of our trains have already reduced and will further reduce significantly, allow higher double stacking of containers and help to provide an even more reliable service to our customers through our North India ICDs at Garhi Harsaru, Faridabad, and Ludhiana.
During the year we have been able to reduce our net debt from Rs. 681 crores to Rs. 444 crores. Further, in April we have redeemed another Rs. 20 crores worth of NCDs. Our efforts towards strengthening our balance sheet through reducing our debt continues and will enable us to start working on our next phase of expansion of container terminals alongside the WDFC.
