Gateway Distriparks has announced its audited financial results for the quarter and year ended March 31, 2026, alongside the transcript of its earnings call held on May 07, 2026. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the results in Business Standard and Sakal on May 08, 2026. The detailed financial results have also been uploaded to the company's official website at www.gatewaydistriparks.com under Regulation 46 of the SEBI regulations. The earnings call transcript was subsequently uploaded on May 13, 2026, pursuant to Regulation 30 read with Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Audited Financial Performance for Q4 and Year Ended March 31, 2026
The results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 07, 2026. The key financial metrics for the reported period are outlined below.
| Particulars: |
Standalone (₹ in Lakhs) |
Consolidated (₹ in Lakhs) |
| Total Income from Operations – Quarter ended 31/03/2026 |
38,546.70 |
53,365.01 |
| Total Income from Operations – Year ended 31/03/2026 |
1,57,771.88 |
2,21,181.65 |
| Net Profit after tax – Quarter ended 31/03/2026 |
6,492.81 |
6,370.20 |
| Net Profit after tax – Year ended 31/03/2026 |
26,835.98 |
25,935.62 |
| EPS (Basic & Diluted, ₹10/- each) – Quarter ended 31/03/2026 |
1.30 |
1.22 |
| EPS (Basic & Diluted, ₹10/- each) – Year ended 31/03/2026 |
5.37 |
5.12 |
Prior Year Comparatives
For context, the corresponding figures for the quarter ended March 31, 2025 are presented below.
| Particulars: |
Standalone (₹ in Lakhs) |
Consolidated (₹ in Lakhs) |
| Total Income from Operations – Quarter ended 31/03/2025 |
39,097.42 |
53,493.90 |
| Net Profit / (Loss) after tax – Quarter ended 31/03/2025 |
6,514.79 |
(19,097.29) |
| EPS (Basic & Diluted) – Quarter ended 31/03/2025 |
1.30 |
(3.87) |
Earnings Call Highlights: Volumes and Expansion
During the Q4 FY26 earnings call, management addressed current volume trends and future expansion plans. Samvid Gupta, Joint Managing Director, noted that volumes remain subdued due to the West Asia conflict, with no immediate clarity on a pickup, describing it as a "wait-and-watch" situation. Rajguru Behgal, Chief Business Officer, elaborated that on the import side, cargo from the U.S., Europe, and the Middle East has been impacted, while on the export side, food and beverage, rice, and frozen foods have been affected. Management noted that April volumes have continued in a similar trend to March, with the situation dependent on a resolution between Iran and the U.S.
On expansion, the Jaipur ICD has its next hearing listed for final arguments in July, with management hopeful for a positive order. The Indore ICD, a INR150 crores project with INR50 crores already spent on land, has a target commencement of operations in 2028. Additional capex of INR125 crores has been outlined for electric reach stackers, electric vehicles, and three new rakes, along with a new warehouse. For the Ankleshwar MMLP, domestic volumes have commenced and a new tender with ArcelorMittal for steel coil rake handling has started. The company reported total Q4 volumes of 188,000 TEUs, comprising approximately 96,000 Rail TEUs and 91,000 CFS TEUs. Double stacking stood at 42% for Q4 and 40% for the full year.
Snowman Logistics Performance and Outlook
Management discussed Snowman Logistics at length during the call. Padamdeep Singh Handa, CEO and Director of Snowman Logistics, noted that capacity utilization averaged around 86% to 87% for the last financial year, including new facilities in Kolkata and Krishnapatnam that were ramping up. Dry storage currently accounts for around 9% to 10% of total capacity, which management is actively reducing to improve yields. Raghav Garg, CFO of Snowman Logistics, confirmed that debt repayments for the next financial year are around INR30 crores, with lease rent payments of approximately INR40 crores for the full year. Snowman's capex guidance for FY27 is approximately INR50 crores, covering land purchase, one owned warehouse, and vehicles.
On the INR1,000 crores revenue target for Snowman, management acknowledged that the timeline may be deferred, with FY29 cited as a more realistic target. At INR1,000 crores revenue, management targets a 15% blended EBITDA margin, translating to approximately INR150 crores EBITDA. Snowman holds approximately 160,000 pallets of capacity, with the next largest competitor at below 80,000 pallets in the organised cold storage segment. On the transportation segment, Snowman operates approximately 250 to 260 owned vehicles alongside around 200 leased vehicles, and is implementing a transport management system expected to go live in Q1 of the current financial year.
Growth Targets, Capex, and Financial Outlook
Management outlined medium-term growth targets across segments, as summarised below.
| Segment: |
Growth Target |
| Rail |
15% (over 3 to 5 years) |
| CFS |
~5% |
| Snowman |
~15% |
On the capital expenditure front, the container business incurred approximately INR90 crores in capex for the period, while Snowman's capex was approximately INR30 crores including the Kolkata warehouse. The company's gross standalone debt has reduced from INR550 crores to approximately INR170 crores. Management confirmed it is not looking to increase its stake in Snowman in the near term, and that dividends will continue to be part of capital allocation. On taxation, management indicated that MAT credit is sufficient to cover cash tax obligations for at least the next three to four years. The JNPT-DFC last stretch is expected to be operational within a couple of months, with NCR alone estimated to have 6,000 to 10,000 TEUs per month of time-sensitive and LCL cargo opportunity once fully commissioned.
Regulatory Disclosures
The Statutory Auditors have conducted the audit of the results in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notably, the Statutory Auditors have issued a qualified report on the above results. The full format of the quarterly and year ended March 31, 2026 financial results (Consolidated/Standalone) is available on the websites of BSE ( www.bseindia.com ), NSE ( www.nseindia.com ), and the company's website ( www.gatewaydistriparks.com ). The disclosure was signed by Prem Kishan Dass Gupta, Chairman and Managing Director, on behalf of the Board of Directors, from New Delhi on May 07, 2026. The regulatory filing was submitted by Divyang Jain, Company Secretary and Compliance Officer.