Gateway Distriparks to add 22 trains

Gateway Distriparks has declared its first quarter results. Its consolidated net profit was up at Rs 20.8 crore versus Rs 18.58 crore, YoY.

The consolidated net sales were up at Rs 96 crore versus Rs 48.3 crore, YoY.

The company board has approved buyback up to 10% equity at max of Rs 110 per share.

Key Takeaways from Gateway Distriparks concall:

The company is planning to have more terminals.

It is going to add 22 trains.

May & June numbers were subdued duet to tht Gujjar protest.

Company operates 2 trains on exim routes.

Margins have improved in rail business.

Decline in volume is marginal.

Exim business is more profitable.