Gati is top loser on poor Q2

Gati is currently the top loser on the BSE, down over 6% at Rs.153, its present intra day low.

The market is very disappointed with its Q2FY16 performance wherein the logistics service provider posted a 16% (YoY) drop in consolidated net profit at Rs.6 crore. Lower topline – down 2% at Rs.405 crore, higher costs and interest outgo pushed down profits. EBITDA was down 17% at Rs.29 crore and margin dropped from 8.49% to 7.16%.