Gati posts strong Q1FY17 results

Gati has announced its Q1FY17 results on August 4. The company’s consolidated revenue has increased by 2.23 per cent to Rs 426 crore in Q1FY17 as compared to same period in previous fiscal year. Its EBITDA too has risen by 11.96 per cent to Rs 33.43 crore in Q1FY17 on a yearly basis. Gati’s EBITDA margin has expanded by 40 basis points to 7.85 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit also has increased by 20.56 per cent to Rs 9.44 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 34 basis points to 2.22 per cent in Q1FY17 as compared to same period in previous financial year.

On the segmental revenue front Gati has earned 85.33 per cent from Express Distribution & Supply Chain; 12 per cent from Fuel Sales; and 2.66 per cent from Others during Q1FY17. The company launched and kick started operations at the state-of-the-art refrigerated warehousing facility near Delhi.

The share price of Gati has increased by 2.43 per cent on bourses in early trades; and is trading at 169.75 on an intraday basis.

Gati is a pioneer and leader in Express Distribution and Supply Chain Solutions in India, and delivers over 280,000 packages every day. The company has more than 5000 business partners and a network reach of 672 out of total 676 districts in India. It has over 4500 vehicles on the road excluding their fleet of refrigerated vehicles. Gati has a strong market presence in the Asia Pacific region and South Asian countries. The company has offices in India, Singapore, Hong Kong, China, Nepal and Thailand.