360° Coverage : Gati Ltd’s Q2FY’14 Consolidated YoY Net Profit Up 12% to Rs.8.74...

12 Updates

Gati Ltd’s Q2FY’14 Consolidated YoY Net Profit Up 12% to Rs.8.74 crore

Feb 15 2014, 4:08am CST | by

GATI Ltd. India’s leader in Express Distribution and Supply Chain Solutions, declared its financial results for the quarter ended 31st December 2013.

Hyderabad, India, February 15, 2014 --(PR.com)-- GATI Ltd. (NSE: GATI, BSE: 532345) India’s leader in Express Distribution and Supply Chain Solutions, declared its financial results for the...

Filed under: news

YouTube Videos Tweets

 
 
 

40 weeks ago

Gati Ltd’s Q2FY’14 Consolidated YoY Net Profit Up 12% to Rs.8.74 crore

Feb 15 2014, 4:08am CST | by

GATI Ltd. India’s leader in Express Distribution and Supply Chain Solutions, declared its financial results for the quarter ended 31st December 2013.

Hyderabad, India, February 15, 2014 --(PR.com)-- GATI Ltd. (NSE: GATI, BSE: 532345) India’s leader in Express Distribution and Supply Chain Solutions, declared its financial results for the quarter ended 31st December 2013.

In Q2FY’14, the Company’s net profit stood at Rs 8.7 crore as against profit of Rs 7.8 crore in the corresponding quarter previous year. The total consolidated income stood at Rs. 374 crore for the quarter ended December 31, 2013 compared to Rs 338 crore in the same period of last fiscal. In December 2013, consolidated business of Express Distribution, e-commerce and International crossed the all-time high revenue of Rs. 100 crore.

For H1FY’14, net profit stood at Rs. 14.5 crore as against profit of Rs 2.5 crore in the corresponding period last year. The total consolidated income stood at Rs. 741 crore for the half-year ended December 31, 2013 compared to Rs.641 crore in December 31, 2012. Gati e-commerce has registered outstanding growth of 128% YoY.

Segmental Highlights:

1. Gati Kintetsu Express Private Ltd - Express Distribution and Supply Chain Solutions
a) For the Quarter ended December 31st 2013, GATI-KWE revenues were up 16% at Rs.261 crore from Rs.226crore in the corresponding quarter of last year.
b) EBIDTA rose to Rs.29 crore in Q2FY’14 from Rs.23 crore in Q2FY’13.
c) EBIDTA margins stood at 11.1% in Q2FY’14 compared to10.2% in Q2FY’13.
d) For the half-year, revenues were up 17.5% at Rs.511 crore.
e) JV Synergy-the synergies business with our JV partner has further progressed and generated revenue of Rs. 3.6 crore in Q2. The synergy has also helped acquire 10 new business accounts in the quarter. Going forward the JV synergy is expected to grow over 20% and improve profitability through cost efficiencies.
2. Gati Kausar (Cold Chain Solutions)
a) Gati Kausar registered a growth of 6% YoY and the business revenues stood at Rs. 11.6 crore for the quarter, with operating margin at 15%.
b) For half-year, revenue stood at Rs. 25 crore, registering a growth of 16% on YoY basis
c) Targeted to expand fleet size to 350 vehicles by 2015, for long haul and secondary distribution primarily through lease model.
d) The company plans to commence operations of cold storage warehouses near Gurgaon for which it is in talks with partners for real estate and technology support.
e) Going forward, the company will focus primarily on consumer foods, pharmaceuticals, retail and agri-foods sector as an integrated cold chain service provider.
3. Gati e-commerce
a) For H1FY’14, E-commerce business recorded a revenue of Rs.25 crore, registering a YoY growth of 128%, out of which Rs 14.6 crore was earned in Q2 due to season uptake.
b) The company is expanding its network and delivery capabilities.
c) All major e-tailers are regular clients for Gati’s e-commerce logistics business.
d) All major e-tailers are regular clients for Gati’s e-commerce logistics business.

Commenting on the company’s quarterly performance, Mr. Mahendra Agarwal, Founder & CEO, Gati Limited said, “We have seen a change in the business scenario over the past quarter, partly because of trade momentum picking up on the macro side and also because we as a company are in a ramp-up mode. While we are focussed on our core business of Express Distribution, we have geared ourselves to tap full potential of e-commerce opportunity and emerge as a leader in the segment.

“Our focus on improvement in quality and profitability will continue,” he added.

Consolidated Financial Highlights of Q2FY’14 v/s Q2FY’13
· >Consolidated total income Rs. 374 crore v/s Rs.338 crore.
· >EBITDA at Rs. 34 crore v/s Rs. 30 crore.
· >PAT at Rs. 8.7 crore v/s Rs 7.8 crore.
· Consolidated Financial Highlights of H1FY’14 v/s H1FY’13
· >Consolidated total income Rs. 741 crore v/s Rs.641 crore.
· >EBITDA at Rs. 63 crore v/s Rs. 52 crore.

>PAT at Rs. 14.5 crore v/s Rs. 2.5 crore.

Contact Information:
Gati Ltd.
Dorothy Paul
91-40-2784 4284
Contact via Email
http://www.gati.com/

Read the full story here: http://www.pr.com/press-release/542307

Press Release Distributed by PR.com

Source: PR.com

 
Update
12

Tweets

 
 
Update
11

3 weeks ago

PE firm Milestone Capital raises Rs 170 crore for realty fund

Nov 5 2014 4:10am CST | Source: Business Standard

Private Equity (PE) firm Milestone Capital Advisors, which mainly invests in real estate sector plans to raise Rs 80-100 crore from Gujarat for its Rs 500 crore structured debt fund Milestone Opportunities Fund 10. It ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

3 weeks ago

Coldwell Banker to expand business, looking for 5-7% market share in India

Nov 5 2014 3:40am CST | Source: Business Standard

Coldwell Banker, one of the largest US-based real estate broking firms, is looking to expand in the country ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
9

3 weeks ago

Ruble Sinks to Fresh Low on Central Bank Move

Nov 5 2014 2:53am CST | Source: WSJ.com: What's News US

Russia’s central bank said it would drastically cut back interventions and allow the ruble’s exchange rate to be set “primarily by market factors,” as the Russian currency continued to face heavy selling pressure. ...
Source: WSJ.com: What's News US  Full article at: WSJ.com: What's News US
 

 
Update
8

3 weeks ago

North East megadeals drive up global deals

Nov 5 2014 12:30am CST | Source: Ne.Business.co.uk

A series of megadeals have driven up global deal values so far in 2014, as Paul Mankin, corporate finance partner at PwC in Newcast ...
Source: Ne.Business.co.uk   Full article at: Ne.Business.co.uk
 

 
Update
6

3 weeks ago

Oil price drop to aid consumers: economist

Nov 4 2014 11:05pm CST | Source: NEWS.com.au

THE slump in oil prices will benefit households by making room for spending, but it will have mixed effec ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
5

3 weeks ago

Regulator too broke to value ports’ assets

Nov 4 2014 11:01pm CST | Source: Business Day

SA’s container and roll-on, roll-off tariffs are among the highest in the world and act as a disincentiv ...
Source: Business Day   Full article at: Business Day
 

 
Update
4

3 weeks ago

AstraZeneca Pharma India declines as net loss widens in Q2

Nov 4 2014 10:54pm CST | Source: Business Standard

AstraZeneca Pharma India slips after the company reported a net loss of Rs 27.96 crore in Q2 ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

3 weeks ago

Saturday delivery coming to a letterbox near you

Nov 4 2014 10:36pm CST | Source: NEWS.com.au

ONLINE shopping has just become so much easier. Instead of battling the crowds at a shopping centre on a Saturday, you can now have it all delivered to your do ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
2

3 weeks ago

Man used ATM card of kidnapped nurse

Nov 4 2014 7:37pm CST | Source: NEWS.com.au

JUST hours after Carlesha Freeland-Gaither was abducted off the street, her card was used at an ATM 120kms away. Police now hope this image ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
1

3 weeks ago

GM offering $25 gift cards to people who fix recalled cars

Nov 4 2014 7:17pm CST | Source: CNN/Money

General Motors is using $25 gift cards to entice more than a million owners of cars that were recalled for ignition switch problems to get their ...
Source: CNN/Money   Full article at: CNN/Money
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

18th Saarc Summit concludes with one pact, several understandings
Kathmandu, Nov 27 (IANS) The 18th South Asian Association for Regional Cooperation (Saarc) Summit concluded in Kathmandu Thursday with the adoption of a 36-point Kathmandu Declaration.
 
 
British supermarkets sold contaminated chicken
London, Nov 27 (IANS) Eight of the every 10 fresh chickens bought from British supermarkets this summer were contaminated with the potentially lethal food-poisoning bug campylobacter, the food watchdog has said.
 
 
SJVNL signs pact with Nepal for hydro-power plant
Kathmandu, Nov 27 (IANS) Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project in eastern Nepal, officials said Thursday.
 
 
'I saw humans on Mars in 1979': Ex-NASA employee
New York, Nov 27 (IANS) A woman claiming to be a former NASA employee has stated that while watching some footage, she saw two humans walking on the Red Planet towards the Viking Mars lander in 1979.
 
 
 

Latest from the Network

Modi, Sharif bonhomie gives fresh boost to Saarc (Intro Roundup)
Kathmandu, Nov 27 (IANS) In a final ice-breaking moment that gave a huge boost to Saarc and floundering regional cooperation, Indian Prime Minister Narendra Modi shook hands with his Pakistani counterpart Nawaz Sharif...
Read more on Politics Balla
 
Uneasy calm returns to Ferguson as protests continue nationwide (Roundup)
Washington, Nov 27 (IANS) An uneasy calm returned to Ferguson Thursday after two nights of unrest over a grand jury's decision not to indict a white police officer in the shooting death of an unarmed black teenager in...
Read more on Politics Balla
 
Ricky Martin's twins love touring
Ricky Martin says his twins love going on tour with him. The 'Adrenalina' singer has five-year-old boys Matteo and Valentino and whenever he can he takes them on the road with him because he misses them if he's apart...
Read more on Celebrity Balla
 
Taylor Swift: Mistakes are good for you
Taylor Swift says some of her ''biggest mistakes'' have been her ''best lessons'' in life. The 24-year-old musician insists she always takes the positive from every situation and even though she has had to deal with...
Read more on Celebrity Balla
 
Jessica Alba's dad cooks 'hot n' spicy' turkey
Jessica Alba's dad cooks a ''hot n' spicy'' turkey at Thanksgiving. The 33-year-old actress celebrated the holiday early this year as she's currently filming 'Mechanic: Resurrection' in Thailand and she's revealed her...
Read more on Celebrity Balla
 
Lewis Hamilton and Nicole Scherzinger are too 'young' for babies
Lewis Hamilton and Nicole Scherzinger are too ''young'' to have children. The 2014 Formula 1 champion isn't ready to settle down and start a family with the 36-year-old singer because they are both too busy. Speaking...
Read more on Celebrity Balla
 
How Koirala broke the impasse between India, Pakistan
Kathmandu, Nov 27 (IANS) Nepal Prime Minister Sushil Koirala played a crucial role in ending the impasse between India and Pakistan during the retreat at Dhulikhel near here Thursday on the sidelines of the 18th Saarc...
Read more on Politics Balla
 
Sindhu, Prannoy in Macau Open quarters
Macau, Nov 27 (IANS) Two-time World Championships bronze medallist P.V. Sindhu and male shuttler H.S. Prannoy entered the quarter-finals in the singles competitions of the Macau Open Grand Prix Gold at the Tap Seac...
Read more on Sport Balla
 
British PM faces heat over failure to cut immigration
London, Nov 27 (IANS) With net annual migration soaring to more than a quarter of a million, British Prime Minister David Cameron's promise to reduce the figures has been questioned. Official figures Thursday showed...
Read more on Politics Balla
 
Fact file: Phillip Joel Hughes
Sydney, No Nov 27 (IANS) Australian batsman Phillip Hughes, renowned as an aggressive batsman, was on the verge of reigniting his Test career before he was fatally hit on the head while batting in the Sheffield Shield...
Read more on Sport Balla