Rail margin revives sharply on cost efficiencies GDPL reported EBITDA (RAIL + CFS) of INR587m (est. of INR513m; 1% YoY, 31% QoQ). PAT (before associate/minority interests) of INR290m (+15% YoY, 61% QoQ) was higher than our estimate of INR214m due to a higher margin in the rail segment and a lower tax rate. Rail margin revives led by commissioning of Viramgam Rail reported EBITDA of INR375m (est. of INR303m; +10% YoY, +49% QoQ), led by 11.5% YoY growth in container volumes to 61,254 TEU. Rail volume...