Gati soars over 8% as Q1 PAT jumps three-fold

India Infoline News Service | Mumbai | August 23, 2017 12:09 IST

The stock of Gati was buzzing on the bourses during Wednesday’s trade. The stock jumped over 8% as the Q1 net profit of the company jumped three-fold.

The stock of Gati was buzzing on the bourses during Wednesday’s trade. The stock jumped over 8% as the Q1 net profit of the company jumped three-fold.
 
Gati consolidated revenue for Q1FY18 grown marginally to Rs 426.7 crore. The PAT for the quarter came in at 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. The stock hit its intraday high and low of Rs 116.50 and Rs 113, respectively. It stock attracted a traded volume of 14,02,685 shares and traded value of Rs 1,604.53 lakh on the NSE.
 
Gati is engaged in the express distribution and supply chain solutions. The company's segments include Express Distribution and Supply Chain, which covers integrated cargo services, such as road, rail and air transportation.
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