Global Distriparks Ltd's Strategic Resilience Amid Revenue Drop

Global Distriparks Ltd experienced an 18% decline in net profit in the September quarter, attributed to geopolitical issues affecting maritime trade. Total revenue dropped to Rs 394.6 crore, with rail and container volumes declining. Despite challenges, strategic advancements like enhanced double stack capability show resilience and growth in certain regions.

Global Distriparks Ltd (GDL) reported an 18% decline in net profit for the September quarter, citing geopolitical factors affecting maritime trade. Net profit stood at Rs 60.1 crore, compared to the same period last year.

Revenue also saw a decrease, registering Rs 394.6 crore, a 1.71% drop from the prior fiscal's September quarter. The company reported a reduction in rail and Container Freight Station (CFS) volumes by 7.85% and 1.71% respectively, marking a total throughput fall of 3.26% year-on-year.

Despite these challenges, GDL's Chairman, Prem Kishan Dass Gupta, underscored the company's resilience and strategic advancements, such as the enhanced double stack capability at ICD Faridabad, which aims to strengthen service delivery and competitive edge in certain regions.

(With inputs from agencies.)