Gateway Distriparks' Q3 net profit flat at Rs16.4cr; stock down 0.5%

Gateway Distriparks' Q3 net profit flat at Rs16.4cr; stock down 0.5%
During the quarter ended December 31, 2019, Gateway Distriparks Limited recorded a consolidated total income of Rs304.5cr as against Rs104.9cr for the same period in the previous year, registering a growth of 190% yoy.

Consolidated EBITDA increased by 210% yoy to Rs66.1cr for Q3FY20 from Rs21.3cr in Q3FY19.

The increase is due to the consolidation of results as GDL increased its shareholding in GatewayRail.

Consolidated PBT reduced by 26% yoy to Rs14.4cr from Rs19.5cr.

Consolidated PAT before minority interest increased to Rs16.4cr from Rs16.3cr in the corresponding quarter of the previous year.
It must be noted that GDL entered into a share purchase agreement on 27th Dec 2019 to sell shareholding in Snowman Logistics Limited for Rs295.9cr.

GDL sold its entire stake in subsidiary company Chandra CFS in Chennai for Rs48.4cr in December 2019.

GDL partly redeemed debentures of Rs50cr along with interest on January 20, 2020.

Gateway Distriparks Ltd is currently trading at Rs132.90 down by Rs1.05 or 0.78% from its previous closing of Rs133.95 on the BSE.

The scrip opened at Rs134 and has touched a high and low of Rs137.50 and Rs126.05 respectively. So far 5,76,624 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,456.41cr.

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