Gati loses all its speed
By
Research Desk
about 9 years ago
Gati is the top loser on the bourses currently. The stock price has slipped down almost 17% to Rs.97.65, a new 52-week low.
The logistics service provider reported very disappointing numbers for Q3FY16. It posted a 33% (YoY) decline in consolidated net profit at Rs.8 crore and this was on an over 1% drop in total income at Rs.418 crore.
EBITDA was status quo at Rs.36 crore and margins expanded by 10 bps to 8.7%.