Gati stock prices surge following strategic alliance
DSIJ Intelligence / 16 Feb 2016
Gati declared that the company will invest in start ups in the delivery space as the firm tries to achieve its target of delivering one million packages per day by 2020. The company is exploring strategies for growth to achieve its vision.
Gati declared that the company will invest in start ups in the delivery space as the firm tries to achieve its target of delivering one million packages per day by 2020. The company is exploring strategies for growth to achieve its vision. Gati is exploring the burgeoning start ups environment and is looking at strategic investment in start ups in the logistics sector.
Gati has progressed considerably in the strategic tie up with supply chain industry. According to the company’s management, the company will shortly announce its investment plan. It will build overall capacity and capability of the company. Gati’s 25 years of experience will be beneficial to the company in near term. The company’s new association will help in assisting start ups to move up the learning curve faster. Therefore, it will be win-win kind of situation for start ups and for Gati also.
On financial front, Gati’s revenue declined by 1.46 per cent to Rs 418 crore in Q3FY16 as compared to same period in previous fiscal year.However, the company’s EBITDA increased by 4.6 per cent to Rs 33.87 crore in Q3FY16 on a yearly basis.Its net profit too decreased by 33.95 per cent to Rs 7.67 crore in Q3FY16 as compared to same period in previous fiscal year. Considering segment wise revenue front, Gati earned 87.01 per cent from Express Distribution & Supply Chain segment; 10.8 per cent from Fuel segment; and remaining 2.19 per cent from others during Q3FY16.
The share price of Gati increased by 9.58 per cent on bourses in early trades; and is trading at Rs 115.4 on an intraday basis.
Gati delivers 2.8 lakh packages everyday which is a pioneer and leader in express distribution and supply chain solution in India. The company has over 3100 business partners across India and operates a fleet of more than 5000 vehicles. It has a network reach of 672 out of 676 districts in India. Gati has market presence in Asia Pacific region and SAARC countries with offices in China, Singapore, Hong Kong, Nepal and Thailand.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.