Gati Ltds Q2FY14 Consolidated YoY Net Profit Up 12% to Rs.8.74 crore
Summary
25 crore, registering a growth of 16% on YoY basis c) Targeted to expand fleet size to 350 vehicles by 2015, for long haul and secondary distribution primarily through lease model.e) Going forward, the company will focus primarily on consumer foods, pharmaceuticals, retail and agri-foods sector as an integrated cold chain service provider.25 crore, registering a growth of 16% on YoY basisc) Targeted to expand fleet size to 350 vehicles by 2015, for long haul and secondary distribution primarily through lease model.d) The company plans to commence operations of cold storage warehouses near Gurgaon for which it is in talks with partners for real estate and technology support.e) Going forward, the company will focus primarily on consumer foods, pharmaceuticals, retail and agri-foods sector as an integrated cold chain service provider.3.Gati e-commercea) For H1FY’14, E-commerce business recorded a revenue of Rs.25 crore, registering a YoY growth of 128%, out of which Rs 14.6 crore was earned in Q2 due to season uptake.b) The company is expanding its network and delivery capabilities.c) All major e-tailers are regular clients for Gati’s e-commerce logistics business.d) All major e-tailers are regular clients for Gati’s e-commerce logistics business.Commenting on the company’s quarterly performance, Mr. Mahendra Agarwal, Founder & CEO, Gati Limited said, “We have seen a change in the business scenario over the past quarter, partly because of trade momentum picking up on the macro side and also because we as a company are in a ramp-up mode.While we are focussed on our core business of Express Distribution, we have geared ourselves to tap full potential of e-commerce opportunity and emerge as a leader in the segment.“Our focus on improvement in quality and profitability will continue,” he added.Consolidated Financial Highlights of Q2FY’14 v/s Q2FY’13· >Consolidated total income Rs.