Gati back in black; reports Rs 4.6 crore net profit

Logistics and express distribution company Gati returned to the black in the September quarter, posting a net profit Rs 4.6 crore as against a loss of Rs 7.8 crore in the year-ago period.

Consolidated revenue rose 22 percent to Rs 366.9 crore from Rs 302 crore in the same period last fiscal, a company release said.

The Hyderabad-based company said its subsidiary Gati Kintetsu Express' revenues rose 20 percent to Rs 250.7 crore, while revenue from e-commerce grew 155 percent, from Rs 4.5 crore to Rs 10.5 crore, in the July-September period.

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