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Gati gains despite reporting 35% fall in Q3 consolidated net profit

09 Feb 2017 Evaluate

GATI is currently trading at Rs. 122.90, up by 0.45 points or 0.37% from its previous closing of Rs. 122.45 on the BSE.

The scrip opened at Rs. 123.65 and has touched a high and low of Rs. 124.15 and Rs. 122.00 respectively. So far 134722 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 189.45 on 02-Aug-2016 and a 52 week low of Rs. 94.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 129.65 and Rs. 120.55 respectively. The current market cap of the company is Rs. 1080.67 crore.

The promoters holding in the company stood at 38.87%, while institutions and non-institutions held 13.34% and 47.79% respectively.

Gati has reported over threefold jump in its net profit at Rs 2.76 crore for the quarter ended December 31, 2016, as compared to Rs 0.82 crore for the same quarter in the previous year. Total income of the company increased by 9.61% at Rs 134.54 crore for the quarter under review as compared Rs 122.74 crore for the corresponding quarter previous year.       

On the consolidated basis, the company has reported 35.07% fall in its net profit after tax & minority interest at Rs 4.98 crore for the quarter ended December 31, 2016, as compared to Rs 7.67 crore for the same quarter in the previous year. However, total income of the company increased by 1.80% at Rs 428.05 crore for the quarter under review as compared Rs 420.47 crore for the corresponding quarter previous year.

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