India's Gateway Distriparks slides 5% after Q4 profit falls

Gateway Distriparks

26/05/2023 10:58

** Shares of Gateway Distriparks Ltd  GATW.NS  fall as much
as 5.3% to 63 rupees, biggest intraday pct. loss since Sept. 26
    ** Logistics services provider says March-qtr consolidated
net profit fell 19.5% to 684.8 mln rupees ($8.3 mln), hurt by
higher expenses
    ** Co's rev from ops rose 5% to 3.77 bln rupees 
    ** Trading volume at ~682,900 shares as of 3:05 p.m. IST,
1.6x the 30-day avg 
    ** Average rating of 14 analysts covering stock equivalent
to "buy"; median PT is 86 rupees - Refinitiv data
    ** Stock last down ~5% so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))