Gateway Distriparks expects to top ₹1,500 crore in revenue in FY24
Ishaan Gupta, Joint MD, Gateway Distriparks, has set a revenue target of ₹1,000 crore for Snowman Logistics for the financial year 2026 (FY26).
Mumbai-based logistics operator Gateway Distriparks Ltd (GDL) is poised to achieve a significant milestone by crossing the revenue threshold of ₹1,500 crore in the financial year 2023–24.
Speaking to CNBC-TV18, Ishaan Gupta, Joint MD, Gateway Distriparks said, “We are almost at the close of this year and we expect to cross ₹1,500 crore. Going ahead, we expect 10-12% growth in the Gateway business and we see a lot of levers kicking in the future.”
Gupta emphasised the significance of maintaining healthy profit margins.
"Currently, our margins stand at around 25%, and we are committed to sustaining this level. As the dedicated freight corridor (DFC) becomes operational and we gain access to longer stretches, we anticipate further enhancements in our margins."
In addition to discussing Gateway Distriparks' performance, Gupta shed light on the aspirations of Snowman Logistics, a subsidiary of GDL specialising in cold chain logistics. "Currently, Snowman Logistics is positioned at ₹500 crore in revenue. We have set ambitious targets for the close of this financial year, and by FY26, we envision achieving revenues in the vicinity of ₹1,000 crore," Gupta remarked, underlining the company's growth ambitions.
Gateway Distriparks has three business verticals: Container Freight Stations, Inland Container Depots with rail movement and Cold Chain Storage & Logistics.
The company, which has a market capitalisation of ₹5,433.63 crore, has seen its shares gain 84% over the last year.
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For the full interview, watch the accompanying video
(Edited by : Ajay Vaishnav)
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