Quarterly Results: Gateway Distriparks Ltd.
Bhagyashree Vivarekar / 10 Nov 2016
Gateway Distriparks Ltd is currently trading at Rs 247.85, down by 1.9 points or 0.76% from its previous closing of Rs 249.75 on the BSE. The company's net profit fell 39.7% YoY to Rs 10 crore primarily due to 48.3% YoY decline in other income.
Technical View:
Gateway Distriparks Ltd is currently trading at Rs 247.85, down by 1.9 points or 0.76% from its previous closing of Rs 249.75 on the BSE.
The scrip opened at Rs 249.75 and has touched a high and low of Rs 256 and Rs 243.4, respectively. The stock is currently trading above its 200 DMA.
Gateway Distriparks posts lacklustre numbers:
Gateway Distriparks Ltd reported its standalone numbers for Q2FY17. The revenue for the quarter declined marginally 2.3% YoY to Rs 83 crore.
Company's EBITDA decreased 28.9% YoY to Rs 16 crore. The EBITDA margins too contracted 709 bps YoY to 19%. This was largely due to 19.1% YoY increase in road transportation costs.
Company's net profit fell 39.7% YoY to Rs 10 crore primarily due to 48.3% YoY decline in other income.
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