GATEWAY DISTRIPARKS LTD

Operates inter-modal container logistics, connecting ports to inland container depots (ICDs), as the larger segment, generating ₹1,612.95 crore in FY26 (72.9% of segment revenue) with EBIT of ₹304.56 crore. The container operations posted Q4 FY26 throughput of 1,88,179 TEUs, with double stacking at 40% for the full year. The cold-chain logistics and distribution business, run through subsidiary Snowman, contributed ₹598.87 crore (27.1% of segment revenue) with EBIT of ₹5.93 crore, providing temperature-controlled warehousing and transport. Growth initiatives include the upcoming DFC connection to JNPT, expected to unlock 6,000-10,000 TEUs/month of LCL cargo from NCR, and new ICDs at Indore (targeting 2028 commencement) and Jaipur (pending court approval). Snowman is targeting INR1,000 crore revenue (deferred to FY29) with 15% EBITDA margin at scale. The largest cost line is other operating expenses at 62.9% of revenue, followed by depreciation at 6.9% and employee costs at 6.1%. West Asia conflict is currently suppressing EXIM volumes with no clear recovery timeline.