Gati’s Q1 PAT increases three-fold, scrip shoots up
DSIJ Intelligence / 23 Aug 2017
The scrip of Gati, engaged in the express distribution and supply chain solutions, has created quite a stir during Wednesday’s trade, shooting up by 8% as the Q1 net profit of the company jumped three-fold.
The scrip of Gati, engaged in the express distribution and supply chain solutions, has created quite a stir during Wednesday’s trade, shooting up by 8% as the Q1 net profit of the company jumped three-fold. Gati’s consolidated revenue for Q1FY18 grew marginally to Rs 426.7 crore. The PAT for the quarter was Rs 18.3 crore, YoY increase of 258.8%. This was due to decline in interest expenses by 50% YoY.
Gati was trading at Rs 114.10 per share, up by Rs 6.25 per share or 5.80% as at 1140 hours on Wednesday, on the BSE. The stock witnessed a spurt in volume by more than 2.66 times. It hit its intraday high and low of Rs 116.50 and Rs 113, respectively, and attracted a traded volume of 14,02,685 shares and traded value of Rs 1,604.53 lakhs on the NSE.
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