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Gati stock plunges over 5% owing to Q3 FY22 performance

7 Feb 2022 , 10:23 AM

Gati Ltd.’s consolidated revenue from operations for December 2021 quarter stood at Rs 416 crore as against Rs 394 crore for December 2020 quarter, up by 5.7% YoY. Revenue for the 9M period ended December 2021 stood at Rs 1,109 crore against Rs 894 crore for the previous 9M period, increasing 24.10% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 16 crore against Rs 25 crore for Q3 FY’21, down by 34.7% YoY. EBITDA for the 9M period ending December 2021 was Rs 35 crore against Rs 25 crore for the 9M period ending December 2020, up by 41.30% YoY.

Due to a seasonally weak quarter, its PBT for the quarter ended December 2021 stood at Rs 4 crore against Rs 9 crore for the quarter ended December 2020, a decline of 62.60% YoY. Net loss for the 9M period ending December 2021 stood at Rs 2 crore, against Rs 25 crore for the previous 9M period.

“Express contributes 2.5% (approx.) to Indian Logistics Sector. Logistics sector poised to grow 10-12% CAGR by 2025, mere 100 bps market share could double market opportunity for Express Industry,” commented company’s management.

At around 10.27 am, Gati Ltd. was trading at Rs 196.45 against previous closing price of Rs 208.20, down by Rs 11.35 or 5.45%. It touched day’s high and low of Rs 204 and Rs 195 respectively.

Related Tags

  • Gati News
  • Gati Q3 Results
  • Gati Updates
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