Quarterly Results: Gati Ltd
Bhagyashree Vivarekar / 07 Feb 2017
Gati Ltd reported its results for the quarter ended December 31, 2016.
The company's total sales for Q3FY17 were Rs 424.87 crore, which represent 0.18 per cent sequential decline and 1.69 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 16.06 crore and its EBIT margin was 3.78 per cent.
The company's PAT for the quarter was Rs 4.98 crore, which represents a sequential QoQ decline of 14.14 per cent and a YoY decline of 35.07 per cent.
The company's stock opened at Rs 125.3 on the BSE, fell 2.45 per cent and closed at Rs 128.45.
Gati Limited is an Indian company engaged in the business of express distribution, supply chain solutions and coast to coast (shipping) in India. The company has over 4000 vehicles on road, fleet of refrigerated trucks, container vessels and world class mechantronic warehousing facilities across India.
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