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Shares of Gateway Distriparks climbed nearly 3% in intraday trade on Thursday after the company reported a return to profitability in the fourth quarter, supported by improved operating margins.
The stock rose to an intraday high of ₹62.30 on the NSE following the earnings announcement.
For the quarter ended March, the company posted a consolidated net profit of ₹61 crore compared with a loss of ₹193 crore in the corresponding period last year.
Revenue remained largely flat year-on-year at ₹533.6 crore against ₹535 crore reported a year earlier. However, operational performance improved during the quarter.
EBITDA rose 9.5% year-on-year to ₹118 crore from ₹107.6 crore in the year-ago period. EBITDA margin expanded to 22.08% from 20.11%, indicating better cost efficiency and operating leverage.
Also Read: Indoco Remedies Q4 Results: Loss halves, EBITDA returns to profit; shares rally 13%
The earnings recovery and margin improvement appeared to lift investor sentiment, even as topline growth stayed subdued.
Gateway Distriparks operates in the logistics and container transportation sector. The company provides rail-linked inland container depot services, container freight stations, and transportation solutions aimed at facilitating cargo movement across India.
The stock rose to an intraday high of ₹62.30 on the NSE following the earnings announcement.
For the quarter ended March, the company posted a consolidated net profit of ₹61 crore compared with a loss of ₹193 crore in the corresponding period last year.
Revenue remained largely flat year-on-year at ₹533.6 crore against ₹535 crore reported a year earlier. However, operational performance improved during the quarter.
EBITDA rose 9.5% year-on-year to ₹118 crore from ₹107.6 crore in the year-ago period. EBITDA margin expanded to 22.08% from 20.11%, indicating better cost efficiency and operating leverage.
Also Read: Indoco Remedies Q4 Results: Loss halves, EBITDA returns to profit; shares rally 13%
The earnings recovery and margin improvement appeared to lift investor sentiment, even as topline growth stayed subdued.
Gateway Distriparks operates in the logistics and container transportation sector. The company provides rail-linked inland container depot services, container freight stations, and transportation solutions aimed at facilitating cargo movement across India.
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