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Gati declines on reporting 33% fall in Q3 consolidated net profit

21 Jan 2016 Evaluate

GATI is currently trading at Rs 100.00, down by 19.10 points or 16.04% from its previous closing of Rs. 119.10 on the BSE.

The scrip opened at Rs 117.50 and has touched a high and low of Rs 121.65 and Rs 97.65 respectively. So far 955459 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 304.90 on 21-Jan-2015 and a 52 week low of Rs. 115.05 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs 149.00 and Rs 117.40 respectively. The current market cap of the company is Rs 876.09 crore.

The promoters holding in the company stood at 41.36% while Institutions and Non-Institutions held 9.60% and 49.04% respectively.

Gati has reported 93.98% fall in its net profit at Rs 82 lakh for third quarter ended December 31, 2015 as compared to Rs 13.61 crore for the same quarter in the previous year. Total income of the company has decreased by 6.28% at Rs 122.74 crore for quarter under review as compared to Rs 130.96 crore for the quarter ended December 31, 2014.

On the consolidated basis, the group has reported 32.95% fall in its net profit at Rs 7.67 crore for the quarter ended December 31, 2015 as compared to Rs 11.44 crore for the same quarter in the previous year. Total income of the company has decreased by 1.75% at Rs 420.47 crore for quarter under review as compared to Rs 427.98 crore for the quarter ended December 31, 2014.

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