Logistics stock under Rs 65 in focus as company announces Q3FY26 results!
Kiran DSIJCategories: Penny Stocks, Trending
On Friday, shares of Gateway Distriparks Ltd gained 1.41 per cent to Rs 60.97 per share with an intraday high of Rs 61.45 and an intraday low of Rs 59.21
Gateway Distriparks Limited (GDL) reported its Q3FY26 results, highlighted by the company reaching a net debt-free position for the first time since its inception. To celebrate this milestone and the 30th anniversary of its Nhava Sheva CFS land acquisition, the board declared a combined dividend of Rs 2 per share, consisting of a Rs 0.75 second interim dividend and a Rs 1.25 special interim dividend. Financially, the company clocked a total revenue of Rs 143.6 crore for the quarter, with EBITDA standing at Rs 24.06 crore.
The company is aggressively expanding its infrastructure to capitalise on upcoming global trade opportunities, specifically citing optimism regarding new trade agreements with the USA and the EU. GDL is increasing its rail capacity to 37 rakes by the end of Q1 next year through the purchase and lease-swapping of high-capacity units. This follows the October 2025 launch of domestic rail services from MMLP New Ankleshwar, which continues to gain momentum.
Strategic growth remains a priority with the announcement of an Rs 150 crore greenfield ICD project in Indore, situated near the high-growth Pithampur Industrial area. Additionally, following the consolidation of Snowman Logistics as a subsidiary, GDL expects to see benefits from rebounding seafood exports. Snowman is slated to expand its warehouse network using a mix of owned facilities and asset-light, build-to-suit models to further diversify the group's logistics capabilities.
About Gateway Distriparks Ltd
Gateway Distriparks Limited is an integrated inter-modal logistics service provider. It has a network of 10 container terminals strategically located across the country, operating a fleet of 34 trainsets along with 560+ trailers for transportation between its facilities and maritime ports, as well as first & last mile connectivity to provide end-to-end solutions to the EXIM industry. The company offers general & bonded warehousing, rail & road transportation, container handling services and other value-added services. Through Snowman Logistics Limited, its associate company, the company also offers cold chain logistics and 5PL distribution services across the country.
The company has a market cap of over Rs 3,000 crore and has been maintaining a healthy dividend payout of 36 per cent. On Friday, shares of Gateway Distriparks Ltd gained 1.41 per cent to Rs 60.97 per share with an Intraday high of Rs 61.45 and an intraday low of Rs 59.21.
Disclaimer: The article is for informational purposes only and not investment advice.