Gati loses all its speed
Gati loses all its speed
By Research Desk
about 11 years ago
Gati is the top loser on the bourses currently. The stock price has slipped down almost 17% to Rs.97.65, a new 52-week low.
The logistics service provider reported very disappointing numbers for Q3FY16. It posted a 33% (YoY) decline in consolidated net profit at Rs.8 crore and this was on an over 1% drop in total income at Rs.418 crore.
EBITDA was status quo at Rs.36 crore and margins expanded by 10 bps to 8.7%.