Gati announced a steep drop in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 31.91% to Rs 78.30 million from Rs 115.00 million in the same quarter previous year.
Revenues for the quarter rose marginally 4.84% to Rs 4,162.40 million, compared with Rs 3,970 million for the prior year period.
Operating margin for the quarter stood at 5.02 percent as compared to 7.76 percent for the previous year period. Operating Income for the quarter was Rs 208.80 million, compared with Rs 307.9 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.66, registering 31.96% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 4,162.40 | 3,970.20 | 4.84 |
| Net Profit | 78.30 | 115.00 | (31.91) |
| Diluted EPS | 0.66 | 0.97 | (31.96) |
Shares of the company gained Rs 8.65, or 4.57%, to settle at Rs 197.90. The total volume of shares traded was 920,548 at the BSE (Thursday).
