Other income rose 58.48% to Rs 4.58 crore. PBIDT fell 4.73% to Rs 101.1 crore. Provision for interest fell 8.03% to Rs 10.65 crore. PBDT fell 4.33% to Rs 90.45 crore. Provision for depreciation rose 10.91% to Rs 25.62 crore. Profit before tax down 9.25% to Rs 64.83 crore. Share of profit/loss was 75.76% lower at Rs 0.32 crore. Provision for tax was debit of Rs 5.01 crore, compared to credit of Rs 0.74 crore. Effective tax rate was 7.69% compared to negative 1.02%.
Minority interest decreased 54% to Rs 0.23 crore. Net profit attributable to owners of the company decreased 17.93% to Rs 59.91 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Gateway Distriparks has declined 3.27% to Rs 743.1 crore.
Operating profit margin has declined from 25.86% to 24.41%, leading to 8.67% decline in operating profit to Rs 181.40 crore. Employee cost increased from 4.89% to 5.33%. Other expenses rose from 69.26% to 70.26%. Other direct service cost rose from 62.14% to 63.77%.
Other income rose 13.29% to Rs 9.12 crore. PBIDT fell 7.82% to Rs 190.52 crore. Provision for interest fell 3.20% to Rs 22.11 crore. Loan funds declined from Rs 510.78 crore as of 30 September 2023 to Rs 480.14 crore as of 30 September 2024. Sundry debtors were higher at Rs 173.54 crore as of 30 September 2024 compared to Rs 147.91 crore as of 30 September 2023. Cash and bank balance declined from Rs 37.24 crore as of 30 September 2023 to Rs 14.38 crore as of 30 September 2024. Investments rose to Rs 238.35 crore as of 30 September 2024 from Rs 158.47 crore as of 30 September 2023 .
PBDT fell 8.39% to Rs 168.41 crore. Provision for depreciation rose 7.71% to Rs 51.68 crore. Fixed assets increased to Rs 1,587.92 crore as of 30 September 2024 from Rs 1,568.87 crore as of 30 September 2023. Intangible assets declined from Rs 361.65 crore to Rs 348.99 crore.
Profit before tax down 14.08% to Rs 116.73 crore. Share of profit/loss was 59.53% lower at Rs 1.04 crore. Provision for tax was expense of Rs 8.55 crore, compared to Rs 1.2 crore. Effective tax rate was 7.26% compared to 0.87%.
Minority interest decreased 50.78% to Rs 0.63 crore. Net profit attributable to owners of the company decreased 20.13% to Rs 108.59 crore.
Equity capital stood at Rs 499.64 crore as of 30 September 2024 to Rs 499.64 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 32.32% as of 30 September 2024 ,compared to 32.32% as of 30 September 2023 .
Cash flow from operating activities decreased to Rs 144.89 crore for YTD ended September 2024 from Rs 148.95 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 17.48 crore, compared to Rs 20.81 crore during the YTD ended September 2023.