Gateway Distriparks Q3 Result 2024: Date and Time, Share Price and Target

News: Gateway Distriparks, a prominent player in the logistics and transportation sector, recently released its financial results for the third quarter of 2024. In this article, we’ll delve into the key highlights, earnings, and what investors can expect moving forward.

Q3 Earnings Overview

• Revenue: Gateway Distriparks reported a total revenue of ₹341.09 crores for the quarter ending December 2022.
• Cost of Revenue: The cost of revenue stood at ₹206.79 crores.
• Gross Profit: The company achieved a gross profit of ₹134.30 crores.
• Operating Expenses: Selling, general, and administrative expenses totaled ₹17.45 crores.
• Operating Income: Gateway Distriparks recorded an operating income of ₹65.06 crores.
• Net Income: After accounting for taxes and other factors, the net income before extra items was ₹54.78 crores.

Share Price and Target

• As of the latest update, Gateway Distriparks’ share price is ₹111.65 on the NSE, with a decrease of 1.02%.
• Analysts have set a price target of ₹103 for the stock.

Investor Sentiment and Outlook

• The recent rise in the stock price by 18% indicates improved investor sentiment.
• Investors should closely monitor Gateway Distriparks’ performance in the coming quarters, considering factors such as industry trends, operational efficiency, and market dynamics.

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About Gateway Distriparks Limited :

Gateway Distriparks Limited is an Indian logistics company headquartered in Mumbai. The company operates in three main business verticals:

1. Container Freight Stations (CFS): These are facilities where containers are temporarily stored during the import/export process. Gateway Distriparks manages CFS operations efficiently.
2. Inland Container Depots (ICD): These depots serve as hubs for handling and storing containers transported by rail. Gateway Distriparks has a strong presence in ICDs, ensuring seamless rail movement.
3. Cold Chain Storage & Logistics: The company provides cold storage and logistics services, maintaining the integrity of temperature-sensitive goods.

Gateway Distriparks plays a crucial role in India’s logistics landscape, offering services such as warehousing, shipping, and transportation. As investors, it’s essential to keep an eye on their financial performance and strategic moves to make informed decisions.

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