Gateway Distriparks Limited has informed the Exchange about Transcript
GATEWAY · price
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Gateway Distriparks held its Q1 FY26 earnings call on July 29, 2025, reporting stable performance with volumes consistent and slight market share gains versus the year-ago quarter, which was hurt by Red Sea disruptions. Rail business EBITDA per TEU came in at INR9,100 (down from higher levels due to increased empty/underframe running and lower double stacking at 39%), while CFS EBITDA per TEU was around INR1,500. Management guided that margins can recover to INR9,500 per TEU in coming quarters as trade imbalance eases, and potentially INR10,000+ once the DFC connection at JNPT becomes operational (expected by March 2026). The company is targeting double-digit volume growth for FY26, plans ~INR30 crores annual maintenance capex plus INR300 crores earmarked for two new terminals, and has identified 6-7 new ICD locations over the next 5-7 years. Subsidiary Snowman Logistics plans 3-4 new facilities over the next 2 years, has taken 5-7% pricing hikes, and expects pallet capacity to exceed 200,000.
Management's guidance for margin recovery to INR9,500/TEU and a longer-term push to INR10,000+ (tied to DFC connectivity) is constructive for the stock, as is the multi-year expansion roadmap. However, persistent delays at the Jaipur ICD, ongoing land acquisition challenges, and uncertainty around DFC commissioning timing remain near-term overhangs for shareholders.