Gati said a sharp rise in consolidated net profit after tax for the quarter ended September 2014. During the quarter, the profit of the company rose 116.84% to Rs 124.9 million from Rs 57.6 million in the same quarter previous year.

Net sales for the quarter rose 13.36% to Rs 4,118.50 million, compared with Rs 3,633 million for the prior year period.

Commenting on the PE Investment, Mahendra Agarwal, Founder & CEO said, 'The investment in Gati Kausar will give us the impetus to position ourselves as the end-to-end solution provider for the cold chain industry. We are confident that with the expansion in the cold warehouses across the country in the next 3 years, we will emerge leaders in this sector too.'

Shares of the company declined Rs 3.15, or 1.56%, to settle at Rs 199.35. The total volume of shares traded was 910,226 at the BSE (Wednesday).