Gati soars on reporting 72% rise in Q1 consolidated net profit

07 Aug 2014

GATI is currently trading at Rs. 129.25, up by 4.35 points or 3.48% from its previous closing of Rs. 124.90 on the BSE.

The scrip opened at Rs. 130.80 and has touched a high and low of Rs. 131.10 and Rs. 127.00 respectively. So far 235622 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 136.40 on 11-Jun-2014 and a 52 week low of Rs. 22.70 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 131.40 and Rs. 112.00 respectively. The current market cap of the company is Rs. 1132.25 crore.

The promoters holding in the company stood at 34.87% while Institutions and Non-Institutions held 6.86% and 58.27% respectively.

Gati’s net profit has declined by 67.29% at Rs 3.35 crore as compared to Rs 10.24 crore for the quarter ended June 30, 2013. However, its total income from operations has increased by 28.13% to Rs 95.34 crore for the quarter under review from Rs 74.41 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 71.64% rise in its net profit at Rs 11.50 crore for the quarter as compared to Rs 6.70 crore for the same quarter in the previous year. Its total income from operations has increased by 23.40% at Rs 397.63 crore for quarter under review as compared to Rs 322.23 crore for the quarter ended June 30, 2013.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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