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Gateway Distriparks Q4 net jumps four-fold to Rs 46.60 crore

The company had posted a consolidated net profit of Rs 11.69 crore in Q4 FY20, according to a statement.

April 27, 2021 / 07:49 PM IST
 
 
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Integrated inter-modal logistics company Gateway Distriparks has reported an about four-fold increase in consolidated net profit to Rs 46.60 crore for the March quarter on the back of strong recovery in throughput and realisations.

The company had posted a consolidated net profit of Rs 11.69 crore in Q4 FY20, according to a statement.

Total income rose 16.1 per cent to Rs 353.11 crore as against Rs 304.18 crore in the March quarter of fiscal 2019-20.

The company operates four container freight stations at Navi Mumbai, Chennai, and Krishnapatnam. Two container freight stations are being operated at Kochi and Visakhapatnam through its subsidiaries, Gateway Distriparks (Kerala) Ltd and Gateway East India Pvt Ltd, respectively.