Gateway Distriparks Q2 FY27 Results: Consolidated Net Profit ₹58.53 Crore on Total Income of ₹586 Crore
Earnings
Logistics
Blacklitt Research3 min read
Bernard Spragg. NZ from Christchurch, New Zealand, via Wikimedia Commons (CC0). Illustrative image.
Gateway Distriparks (NSE: GATEWAY) reported consolidated total income of ₹585.57 crore and net profit of ₹58.53 crore for the quarter ended 30 Sep 2026, it said in a filing on 28 Oct 2026. Standalone total income was ₹413.75 crore and standalone net profit ₹56.56 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹585.57 crore, up 2.7% YoY and 5.8% QoQ
Net profit and EPS: ₹58.53 crore, down 11.7% YoY and up 14.2% QoQ; basic EPS ₹1.16
Finance costs: ₹13.24 crore, down 16.6% YoY
Tax expense: ₹20.50 crore against ₹2.36 crore a year earlier
Standalone
The company on its own, without its subsidiaries
Total income: ₹413.75 crore, up 1.6% YoY and 11.7% QoQ
Net profit and EPS: ₹56.56 crore, down 18.0% YoY and up 18.2% QoQ; basic EPS ₹1.13
Finance costs: ₹6.58 crore, down 17.6% YoY
Tax expense: ₹19.82 crore against ₹3.71 crore a year earlier
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
585.57
570.42
+2.7%
553.70
+5.8%
Revenue from operations
580.13
567.32
+2.3%
549.30
+5.6%
Other income
5.45
3.09
+76.0%
4.40
+23.7%
58.53
66.30
-11.7%
51.27
+14.2%
Profit before tax
79.02
68.67
+15.1%
70.91
+11.4%
Finance costs
13.24
15.87
-16.6%
13.44
-1.5%
Depreciation
39.25
38.89
+0.9%
38.74
+1.3%
Tax expense
20.50
2.36
+767.6%
19.65
+4.3%
Net profit margin
10.00%
11.62%
-1.63 pp
9.26%
+0.74 pp
EPS, basic (₹)
1.16
1.34
-13.4%
0.98
+18.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 11.7% YoY while total income rose 2.7%. Profit before tax rose 15.1% to ₹79.02 crore, so the gap between the two profit lines is the tax charge, which was ₹20.50 crore against ₹2.36 crore a year before. Tax was 25.9% of profit before tax this quarter.
Other income rose 76.0% to ₹5.45 crore, faster than revenue from operations, which grew 2.3%. Other income is 6.9% of profit before tax. Finance costs fell 16.6% to ₹13.24 crore, 2.3% of total income.
The filing's notes record a Labour Codes exceptional reversal of ₹1.62 crore in the quarter ended 30 Jun 2026 and none in this quarter. The auditors qualified their conclusion on the consolidated results, citing the benami property matter, and drew emphasis to SEIS demand notices of ₹184.10 crore, on which their conclusion is not modified.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
413.75
407.14
+1.6%
370.34
+11.7%
Revenue from operations
409.70
402.62
+1.8%
366.75
+11.7%
Other income
4.05
4.51
-10.3%
3.58
+13.0%
56.56
68.99
-18.0%
47.87
+18.2%
Profit before tax
76.39
72.70
+5.1%
64.74
+18.0%
Finance costs
6.58
7.98
-17.6%
6.52
+0.9%
Depreciation
19.40
18.80
+3.2%
18.98
+2.2%
Tax expense
19.82
3.71
+434.7%
16.87
+17.5%
Net profit margin
13.67%
16.95%
-3.27 pp
12.93%
+0.75 pp
EPS, basic (₹)
1.13
1.38
-18.1%
0.96
+17.7%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 18.0% YoY, against a 1.6% rise in total income and a 5.1% rise in profit before tax to ₹76.39 crore. Tax expense of ₹19.82 crore is 26.0% of profit before tax, against ₹3.71 crore a year before.
Revenue from operations rose 1.8%, while other income fell 10.3% to ₹4.05 crore, 5.3% of profit before tax. Finance costs were ₹6.58 crore, 1.6% of total income.
Standalone net profit rose 18.2% QoQ, faster than total income, which rose 11.7%. The standalone review report is qualified on the benami property matter.
Consolidated net profit is ₹1.97 crore above standalone. Consolidated total income is ₹171.82 crore above standalone total income, and consolidated total income grew faster YoY (2.7%) than standalone (1.6%). The filing's segment note shows consolidated revenue of ₹417.88 crore from Inter-Modal Container Logistics and ₹162.25 crore from Cold-chain Logistics and Distribution in the quarter.
The board declared a first interim dividend for FY 2026-27 of ₹1.25 per equity share (12.50%), aggregating ₹62.46 crore, which the filing says is duly paid.
Inference
The filing records a Northern Railways land licence fee demand of ₹67.81 crore, against which the company carries a provision of ₹30.73 crore, and says the company is contesting it. The filing also records an arbitration with Concor and the Snowman Logistics penalty of ₹2.07 crore, which it says carries no provision. The reason for the year-ago tax charge of ₹2.36 crore is not explained in the filing.
The Board has proposed re-appointing Samvid Gupta as Joint Managing Director for five years from 07 Feb 2027, subject to shareholder approval by postal ballot. The filing does not say what will happen to the ₹8.66 crore advance tied to the benami proceedings, or whether any provision will be needed.
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GATEWAYGateway Distriparks Ltd.
