Gateway Distriparks Limited (GATEWAY)
₹50.16 -0.56% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Gateway Distriparks' revenue was ₹549 Cr (-0.2% year on year, +2.9% on the previous quarter), and net profit ₹51.3 Cr (-17.6% year on year); the operating margin was 21.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹549 | -0.2% | +2.9% |
| Operating profit | ₹117 | -1.9% | -0.6% |
| Net profit | ₹51.3 | -17.6% | -19.5% |
| EPS (₹) | 0.98 | -18.3% | -19.7% |
| Operating margin | 21.3% | — | — |
GATEWAY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.78% of the GATEWAY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.16%. That is close to its usual level.
Delivery in the last 5 sessions: 64.7% · 68.0% · 63.1% · 63.2% · 58.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Gateway Distriparks Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd. The RTA confirmed that no requests for dematerialisation were received from shareholders during the quarter ended September 30, 2026. This is a recurring regulatory filing with no operational or financial impact.
- Compliance filing under Regulation 74(5) for the quarter ended September 30, 2026
- Zero dematerialisation requests received from shareholders during the quarter
- Issued by RTA MUFG Intime India Pvt. Ltd. on October 08, 2026
Gateway Distriparks Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 pursuant to SEBI Listing Regulations. The report confirms that rail transportation contributed 69.21% of turnover, while container storage and handling accounted for 26.80%. The company operates a network spanning 34 trainsets and 500+ trailers across 8 national operational plants/locations. This is a routine annual ESG and regulatory disclosure with no direct financial impact.
- Rail transportation formed 69.21% of standalone turnover, with container storage and handling contributing 26.80%
- Fleet comprises 34 trainsets and over 500 trailers connecting Inland Container Depots with maritime ports
- Operational network includes 8 national locations (1 non-operational at Krishnapatnam) and 1 corporate office
- Workforce comprised 515 employees (509 permanent) and 2,320 workers (330 permanent, 1,990 contract) as of March 31, 2026
Gateway Distriparks Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 pursuant to SEBI Listing Regulations. The report details standalone operational, workforce, and ESG metrics, noting that Rail Transportation contributed 69.21% of total turnover, while Container Storage and Handling accounted for 26.80%. The company operates a fleet of 34 trainsets and 500+ trailers across 8 operational national locations. As a statutory annual compliance filing, it contains no new material operational or financial developments.
- Rail Transportation accounted for 69.21% and Container Storage/Handling accounted for 26.80% of total turnover in FY26
- Operates a network spanning 8 national plant locations with 34 trainsets and 500+ trailers
- Total workforce comprises 515 employees (509 permanent) and 2,320 workers (1,990 non-permanent)
- Employee turnover rate stood at 16.70% for permanent employees in FY26 compared to 15.14% in FY25
Gateway Distriparks Limited has announced its 21st Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. The cut-off date for e-voting eligibility is September 18, 2026, with remote e-voting running from September 22 to September 24, 2026. The accompanying FY26 Annual Report highlights consolidated revenue of Rs 2,229.44 crore, EBITDA of Rs 497.46 crore, and PAT of Rs 259.36 crore. Total throughput across operations rose to 7.64 lakh TEUs in FY26 compared to 7.25 lakh TEUs in the prior year.
- 21st AGM scheduled for Friday, September 25, 2026, at 12:30 PM IST via VC/OAVM
- Cut-off date for e-voting set for Friday, September 18, 2026; remote e-voting active from Sep 22 to Sep 24, 2026
- Consolidated FY26 total income reached Rs 2,229.44 crore with PAT of Rs 259.36 crore and EBITDA margin of 22.31%
- Total throughput expanded to 7.64 lakh TEUs in FY26 from 7.25 lakh TEUs in the previous year
- Snowman Logistics contributed Rs 604.38 crore in revenue and Rs 94.53 crore in EBITDA during its first full year of consolidation
Gateway Distriparks (GDL) reported stagnant ICD volumes in Q1 FY27 due to West Asia geopolitical disruptions, though management maintains a double-digit growth target for the full year. The Ankleshwar ICD is scheduled to begin EXIM operations by September 2026, while the Indore ICD (now 26.4 acres) is targeted for 2028. A significant financial highlight is the availability of MAT credits, which will keep the cash tax rate at 18.88% for the next 7-8 years despite a higher book tax rate. The company is also looking to leverage the newly completed DFC connection to JNPT, where its current rail volume share is only 5%.
- Ankleshwar ICD expected to be operational for EXIM by September 2026.
- Indore ICD land bank increased to 26.4 acres with operations targeted for 2028.
- Cash tax rate to remain at 18.88% for 7-8 years due to accumulated MAT credits.
- JNPT rail volume share currently at 5%, expected to rise as new ICDs operationalize.
- Jaipur ICD legal hearing for final arguments scheduled for September 2026.
Gateway Distriparks has scheduled an institutional investor and analyst meeting for August 13, 2026, in Mumbai. The interaction, organized by Equirus Securities, will consist of 1x1 and group meetings starting from 02:00 pm. The company has stated that no unpublished price-sensitive information (UPSI) will be shared, and discussions will be limited to publicly available data. This comes as the company manages a TTM revenue of ₹2,211 Cr and a market capitalization of ₹2,942 Cr.
- Investor meeting scheduled for August 13, 2026, starting at 02:00 pm.
- Interaction organized by Equirus Securities (P) Limited in Mumbai.
- Company reported TTM revenue of ₹2,211 Cr and OPM of 21.7% for FY26.
- Rail throughput reached 1,94,522 TEUs in H1 FY26, an 11.3% YoY increase.
- Snowman Logistics integration contributed ₹319.7 Cr to H1 FY26 revenue.
Gateway Distriparks reported a consolidated total income of Rs 553.7 crore for Q1 FY27, which accounts for approximately 25% of its TTM revenue. The company achieved a consolidated EBITDA of Rs 121.5 crore, maintaining a margin of 21.9%, while PAT stood at Rs 51.3 crore. Operational throughput for the quarter was 1,83,867 TEUs, showing steady volume despite broader logistics challenges. These results follow a fiscal year (FY26) where the company consolidated Snowman Logistics to drive a 15% growth target.
- Q1 Consolidated Total Income reached Rs 553.7 crore
- Consolidated PAT for the quarter stood at Rs 51.3 crore
- Total throughput for Q1 FY27 was 1,83,867 TEUs
- Consolidated EBITDA reported at Rs 121.5 crore for the quarter
- Q1 PAT represents approximately 19.8% of the TTM PAT of Rs 259 crore
Gateway Distriparks has declared its first interim dividend of ₹1.25 per share (12.5% of face value) for FY 2026-27, with a record date of August 11, 2026. The board also approved the re-appointment of Mr. Ishaan Gupta as Joint Managing Director and Ms. Vanita Yadav as Independent Director for five-year terms starting December 27, 2026. These moves ensure leadership continuity as the company targets 15% growth by leveraging the Western Dedicated Freight Corridor. The company maintains a healthy operating margin of 21.7% on a TTM revenue of ₹2,211 Cr.
- First interim dividend of ₹1.25 per equity share declared for FY 2026-27
- Record date for dividend eligibility fixed as August 11, 2026, with payment by September 04, 2026
- Mr. Ishaan Gupta re-appointed as Joint Managing Director for a 5-year term starting December 27, 2026
- Ms. Vanita Yadav re-appointed as Independent Director for a second 5-year term starting December 27, 2026
- Company reported TTM revenue of ₹2,211 Cr with an OPM of 21.7% as of the latest financial context
Gateway Distriparks reported flat consolidated revenue of ₹549.3 Cr for Q1 FY27, while PAT declined 18% YoY to ₹51.3 Cr. The profit contraction is primarily due to the company transitioning to a new tax regime with an effective rate of 25.17%, up from 9.57% in the previous year. Core business volumes (excluding Snowman Logistics) saw a marginal decline to 1,83,867 TEUs, with EBITDA per TEU softening to ₹5,012. The company continues its asset expansion, with two new rakes scheduled for delivery in Q2 FY27 and the Indore ICD under construction.
- Consolidated Revenue remained stagnant YoY at ₹549.3 Cr compared to ₹550.4 Cr in Q1 FY26.
- PAT decreased 18% YoY to ₹51.3 Cr, largely impacted by the transition to the Section 115BAA tax regime.
- Core business EBITDA per TEU dropped to ₹5,012 from ₹5,219 in the same quarter last year.
- Snowman Logistics subsidiary contributed ₹177.1 Cr to revenue and ₹4.6 Cr to PAT for the quarter.
- Fleet expansion is underway with 2 additional rakes purchased, bringing the total fleet toward 37 rakes.
Gateway Distriparks has declared its first interim dividend of ₹1.25 per equity share (12.5% of face value) for FY 2026-27. The board has fixed August 11, 2026, as the record date, with the payout scheduled to be completed by September 4, 2026. Alongside the dividend, the company approved the re-appointment of Joint Managing Director Ishaan Gupta and Independent Director Vanita Yadav for five-year terms starting December 2026. This announcement follows a TTM period where the company generated ₹2211 Cr in revenue and maintained an operating margin of 21.7%.
- First interim dividend of ₹1.25 per equity share declared for FY 2026-27.
- Record date for dividend eligibility fixed as August 11, 2026.
- Re-appointment of Joint MD Ishaan Gupta for a 5-year term effective December 27, 2026.
- Dividend payment to be completed within 30 days, by September 4, 2026.
- TTM PAT stands at ₹259 Cr with a current P/E ratio of 11.7.
Gateway Distriparks reported a flat Q1 FY27 with revenue at ₹553.7 Cr, down 0.08% YoY. Net profit (PAT) declined 17.55% to ₹51.3 Cr, primarily due to a transition to a higher effective tax rate of 25.17% compared to 9.57% in the previous year. Total throughput saw a marginal decline of 1.96% to 1,83,867 TEUs, impacted by the West Asia conflict and higher input costs. Despite the earnings dip, the company declared a first interim dividend of ₹1.25 per share.
- PAT fell 17.55% YoY to ₹51.3 Cr due to tax regime change (25.17% vs 9.57%)
- Total throughput decreased by 1.96% to 1,83,867 TEUs across Rail and CFS verticals
- First interim dividend declared at ₹1.25 per share (approx 2.1% yield on current price)
- Snowman Logistics targeting 170,000 pallets capacity by mid-2027
- MMLP Ankleshwar EXIM operations expected to start in September 2026
Gateway Distriparks has declared a first interim dividend of Rs 1.25 per share for FY27, totaling Rs 62.45 Cr, which is approximately 24% of its TTM Net Profit. The board also approved the re-appointment of Joint MD Ishaan Gupta and Independent Director Vanita Yadav for 5-year terms starting December 2026. However, the filing highlights material legal uncertainties: a Benami Property dispute involving an Rs 8.66 Cr advance for the Jaipur ICD and a land registration rejection for the Rs 43.98 Cr Krishnapatnam project. While management has not made financial provisions, these disputes involve government land claims that could impact asset capitalization.
- Declared first interim dividend of Rs 1.25 per share (12.5% of face value) for FY 2026-27
- Fixed August 11, 2026, as the record date for dividend eligibility
- Disclosed a Benami Property dispute involving Rs 866.25 lakhs advance for the Jaipur ICD project
- Reported a land registration rejection for the Rs 4,398.33 lakhs Krishnapatnam project involving related party Snowman Logistics
- Re-appointed Joint MD Ishaan Gupta for a 5-year term effective December 27, 2026
Gateway Distriparks has declared its first interim dividend of ₹1.25 per share for FY27, representing a ~2.1% yield on the current price. The total dividend payout of ₹62.46 Cr accounts for approximately 24% of the company's TTM PAT. Alongside the dividend, the company announced the 5-year re-appointment of Joint MD Ishaan Gupta and provided updates on land disputes in Jaipur and Krishnapatnam. While the Jaipur ICD project continues with ₹34.02 Cr invested, an ₹8.66 Cr land advance remains under legal scrutiny with a hearing set for September 16, 2026.
- Declared first interim dividend of ₹1.25 per equity share (12.5% of face value) for FY27
- Total dividend payout aggregates to ₹6,245.55 lakhs (₹62.46 Cr)
- Record date for dividend eligibility is fixed as August 11, 2026
- Jaipur ICD project progress involves 21.4 acres of land with ₹34.02 Cr already spent/invested
- Legal dispute involves ₹8.66 Cr advance for land challenged under the Benami Property Act
Gateway Distriparks Limited has scheduled its earnings conference call for Wednesday, August 05, 2026, at 4:00 PM IST. The management will discuss financial results for the quarter ended June 30, 2026, including performance from its subsidiary, Snowman Logistics. This follows a fiscal year (FY26) where the company reported a TTM revenue of ₹2,211 Cr and a PAT of ₹259 Cr. Investors will be looking for updates on rail throughput volumes and the margin recovery in the cold chain segment.
- Earnings call scheduled for August 05, 2026, at 04:00 PM IST
- Management to discuss financial performance for the quarter ended June 30, 2026
- Joint call featuring senior management from both Gateway Distriparks and Snowman Logistics
- Company reported TTM revenue of ₹2,211 Cr with an operating profit margin of 21.7%
- Rail throughput previously reached 1,94,522 TEUs in H1 FY26, a key metric for upcoming results
Gateway Distriparks has scheduled a board meeting on August 05, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The board will also consider and potentially declare the first interim dividend for FY 2026-27. If declared, the company has already fixed August 11, 2026, as the record date for determining shareholder entitlement. This follows a fiscal year (FY26) where the company generated ₹2,211.4 Cr in revenue and a PAT of ₹259.2 Cr.
- Board meeting scheduled for August 05, 2026, to approve Q1 FY27 results.
- Record date for the first interim dividend of FY 2026-27 is fixed for August 11, 2026.
- Trading window for designated persons remains closed until August 07, 2026.
- Company reported a TTM revenue of ₹2,211 Cr and an operating profit margin of 21.7%.
Financial Performance
Revenue Growth by Segment
H1 FY26 revenue grew 50% YoY to INR 1,117.8 Cr. Rail segment revenue grew 7.8% YoY to INR 659 Cr, while CFS segment revenue grew 8.3% YoY to INR 143 Cr. Snowman Logistics (newly consolidated) contributed INR 319.7 Cr in H1 FY26.
Geographic Revenue Split
Not disclosed in available documents; operations are primarily focused on Indian logistics hubs and Dedicated Freight Corridors.
Profitability Margins
H1 FY26 PAT margin was 11.42%, a decrease of 310 bps from 14.52% YoY. Standalone Net Profit Ratio for FY25 remained steady at 0.16.
EBITDA Margin
H1 FY26 EBITDA margin was 21.92%, down 341 bps from 25.3% YoY. EBITDA grew 29% YoY to INR 246.4 Cr during the same period.
Capital Expenditure
Not disclosed in absolute INR Cr for future plans, but standalone current ratio improved from 1.02 to 1.14 in FY25, indicating asset management focus.
Credit Rating & Borrowing
Standalone term loans include INR 103.31 Cr from ICICI Bank and INR 108.04 Cr from Bajaj Finance. Finance costs increased to INR 47.77 Cr in FY25 from INR 46.08 Cr YoY.
Operational Drivers
Raw Materials
Diesel fuel represents a significant cost for transportation and power backup, particularly for Snowman Logistics where weather-related power cuts increased consumption.
Import Sources
Not disclosed; fuel and power are sourced domestically within India.
Key Suppliers
Indian Railways (haulage services), ICICI Bank, Axis Bank, and Bajaj Finance (financial services).
Capacity Expansion
Rail throughput reached 1,94,522 TEUs in H1 FY26 (up 11.3% YoY). CFS throughput reached 1,90,690 TEUs (up 4% YoY). New warehousing capacities were added in the Snowman segment.
Raw Material Costs
Operating expenses grew 54% YoY to INR 727.4 Cr in H1 FY26, largely driven by the consolidation of Snowman Logistics and increased fuel/haulage costs.
Manufacturing Efficiency
Rail throughput efficiency grew 9.2% in Q2 FY26 to 1,01,240 TEUs. Snowman transportation is targeting a return to high single-digit PBT margins from a current break-even state.
Logistics & Distribution
Operating expenses as a percentage of revenue stood at 65% in H1 FY26, up from 63.7% YoY.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Achieving growth through the full consolidation of Snowman Logistics (contributing INR 319.7 Cr revenue in H1 FY26), leveraging the Western Dedicated Freight Corridor (DFC) to increase Rail EBITDA per TEU, and refurbishing the transport fleet to exit negative-margin contracts.
Products & Services
Rail freight transportation, Container Freight Station (CFS) services, temperature-controlled warehousing, and primary/secondary distribution logistics.
Brand Portfolio
Gateway Distriparks, Snowman Logistics.
New Products/Services
Expansion of cold chain transportation and realignment of the logistics fleet to target high-margin business segments.
Market Expansion
Targeting increased throughput via the Western DFC and expanding cold chain footprint in India.
Strategic Alliances
Snowman Logistics transitioned from an Associate to a Subsidiary in December 2024, significantly expanding the consolidated service portfolio.
External Factors
Industry Trends
The industry is shifting toward rail-led logistics via the Dedicated Freight Corridor (DFC), with Gateway positioning itself to capture higher EBITDA per TEU as the Western DFC matures.
Competitive Landscape
Competition includes other private rail operators and CFS providers; Gateway is differentiating through integrated cold chain services via Snowman.
Competitive Moat
Moat is built on intermodal connectivity (Rail + CFS + Cold Chain) and strategic land banks near major ports; sustainability depends on maintaining high throughput (currently ~1.94 lakh TEUs in Rail).
Macro Economic Sensitivity
Highly sensitive to economic and political conditions, interest rate fluctuations, and changes in Government/RBI regulations.
Consumer Behavior
Increased demand for temperature-controlled logistics driven by the seafood and organized retail sectors.
Geopolitical Risks
Economic and political conditions are cited as cautionary factors that could materially differ actual results from projections.
Regulatory & Governance
Industry Regulations
Compliance with Ind AS 115 for revenue recognition and Ind AS 116 for lease liabilities (INR 363.6 Cr total lease liability).
Taxation Policy Impact
Effective tax rate for H1 FY26 was approximately 8.5% (INR 11.9 Cr tax on INR 140.4 Cr PBT).
Legal Contingencies
Pending contingent liabilities of INR 259.70 Cr (Rs. 25,970.41 lakhs) relating to tax and legal claims, which led to a qualified audit opinion in FY25.
Risk Analysis
Key Uncertainties
Outcome of pending litigations (INR 259.70 Cr) and the ability to turn around Snowman's transportation profitability (currently 0% PBT margin).
Geographic Concentration Risk
Concentrated in India, specifically along the Western and Northern rail corridors.
Third Party Dependencies
High dependency on Indian Railways for haulage and infrastructure access.
Technology Obsolescence Risk
Risk managed through ongoing technological implementation and upskilling programs for the workforce.
Credit & Counterparty Risk
Trade receivables and revenue recognition are identified as key audit matters to ensure accuracy and prevent premature recognition.
