Gati on Tuesday reported a sharp rise in consolidated net profit after tax for the quarter ended December 2014. During the quarter, the profit of the company rose 60.18% to Rs 140 million from Rs 87.4 million in the same quarter previous year.

Net sales for the quarter rose 14.60% to Rs 4.23 billion, compared with Rs 3.69 billion for the prior year period.

Mahendra Agarwal, Founder and CEO, Gati said, "Our performance for the third quarter has been good and ends 2014 as a milestone year in our path to achieve high levels of excellence. In the e-commerce segment, we continue to perform extremely well and remain confident of sustaining these high growth levels in the coming quarters as well. Looking ahead, implementation of GST, gradual improvement in the economy and continued high growth in e-commerce augurs well for an excellent FY16 for GATI."  

Shares of the company declined Rs 0.3, or 0.11%, to trade at Rs 274.50. The total volume of shares traded was 401,160 at the BSE (2.24 p.m., Tuesday).