Quarterly Results: Gati Ltd
Bhagyashree Vivarekar / 04 Nov 2016
Gati Ltd., closed at Rs. 138.30, down by 5.4 points or 3.76% from its earlier closing of Rs. 143.7 on the BSE. Gati's revenue for the quarter surged 5.1% yoy to Rs 426 cr.
Technical View:
Gati Ltd., closed at Rs. 138.30, down by 5.4 points or 3.76% from its earlier closing of Rs. 143.7 on the BSE. The scrip has touched a high and low of Rs. 147.65 and Rs. 137.5 respectively, after opening at 146.35. By far 2332696(NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 100 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Street estimates were higher than Gati’s Q2FY16 consolidated revenue that has actually come in. Revenue has come in 1.3% lower than the the estimated figure of Rs 167 cr. EBITDA margin is lesser by 150 bps from the estimate of 8%. Gati's net profit for the period has come in 27.5% lesser than the estimate of Rs 8 cr.
Gati's revenue for the quarter surged 5.1% yoy to Rs 426 cr.
The company's reported EBITDA, however has fallen by 5.4% yoy to Rs 28 cr led by a 72 bps depreciation in EBITDA margins yoy to 6.5%. This can be attributed to a 6% yoy increase in operating expenses.
Gati's net profit for the period has come in at Rs 5.8 cr exhibiting a marginal improvement of 0.2% yoy.
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