Gateway Distriparks Ltd Share Price – NSE /  BSE

Logistics, Small Cap

Gateway Distriparks announced that India Ratings and Research has affirmed the company's Long-Term Issuer Rating to 'IND AA' with a Stable Outlook. The rating agency has affirmed the ratings on the various debt facilities of the company at IND AA; Stable/ IND A1+.

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Net profit of Gateway Distriparks declined 17.93% to Rs 59.91 crore in the quarter ended September 2024 as against Rs 73.00 crore during the previous quarter ended September 2023. Sales declined 2.14% to Rs 389.99 crore in the quarter ended September 2024 as against Rs 398.53 crore during the previous quarter ended September 2023.

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Gateway Distriparks (GDL) has launched Double Stack Rail services at its Inland Container Depot (ICD) in Faridabad. This milestone marks ICD Faridabad as the first and only location in the region to offer Double Stack services, providing a significant competitive advantage with direct connectivity to major seaports such as Mundra, Pipavav, and Nhava Sheva via the Western Dedicated Freight Corridor (WDFC).

This strategic enhancement establishes Gateway Distriparks as a pioneer in the logistics sector, offering a first-mover advantage. With the addition of ICD Faridabad, GDL now operates Double Stack services at three hubs, including its ICDs in Gurgaon and Viramgam, all connected through the WDFC. The introduction of Double Stack Rail services at ICD Faridabad will enhance the carrying capacity, improve the productivity of GDL's 34 trainsets, and facilitate container movement from its other ICD locations.

The development provides substantial benefits to exporters and importers across Delhi NCR, Haryana, Uttar Pradesh, and nearby regions. With up to 30% more capacity per trip, Double Stack services help optimize freight costs, streamline operations, and reduce delivery times. By boosting supply chain reliability and reducing the carbon footprint associated with transportation, the new service will contribute to sustainable economic growth in the area. Gateway Distriparks expects to lower carbon emissions aligning with the company's commitment to environmental responsibility.

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Gateway Distriparks will hold a meeting of the Board of Directors of the Company on 11 November 2024.

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