Gateway Dist likely to declare 15% dividend

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Gateway Dist likely to declare 15% dividend

Gateway Distriparks has announced its second quarter numbers of FY09. Its Q2 standalone net profit increased at Rs 26.2 crore from Rs 18.4 crore.

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Gateway Distriparks has announced its second quarter numbers of FY09. Its Q2 standalone net profit increased at Rs 26.2 crore from Rs 18.4 crore.

Its standalone net sales went up at Rs 55.1 crore versus Rs 41.9 crore

Key Takeaways from Gateway Distriparks concall:

The company's capex plan is still intact.

Concor and Gateway are running the train business independently.

The company's revenue has grown by 17% on half year basis and around 40% on yearly basis.

The EPS is at 2.27 from 1.78, a yearly growth of 30.2% and 27% on half year basis.

Total income shoots up 30.4% at Rs 121.4 crore.

The company is going to recommending 15% interim dividend.

Currently there are 12 rakes are running and they have ordered 28 more.

For more details, listen to concall...