Gateway Distriparks share price rises 6% on robust Q4 results

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Gateway Distriparks share price rose 6 percent intraday on April 27 after the company posted robust numbers for the quarter ended March 2021.

The company's consolidated net profit rose to Rs 46.1 crore in the quarter ended March 2021 against Rs 11.1 crore, while revenue was up 17.1% to Rs 350.3 crore versus Rs 299.1 crore in the year-ago.

Earnings before interest, tax, depreciation and amortization (EBITDA) jumped 48 percent to Rs 95.3 crore versus Rs 64.4 crore and margin was up at 27.2 percent versus 21.5 percent in the corresponding period of the previous fiscal.

The company has declared an interim dividend of Rs 5 per share.