Gati Reports Rs 3.7 Crore Loss in Q2 FY24

Nov 03, 2023 19:43

Gati Ltd posted a consolidated loss of Rs 3.79 crore in the July-September quarter, compared to a profit of Rs 7.65 crore in the same period last year. Revenue increased to Rs 445.37 crore.

New Delhi, Nov 3 (PTI) Logistics company Gati Ltd on Friday reported a consolidated loss of Rs 3.79 crore in the quarter ended September 2023.

The company had posted a consolidated profit of Rs 7.65 crore in the year-ago period, Gati Ltd said in a filing to BSE.

Consolidated income stood at Rs 445.37 crore in July-September period, which was higher from Rs 442.60 crore recorded a year ago.

The company is engaged in the business of express logistics through its flagship subsidiary 'Gati Express & Supply Chain Pvt Ltd' (formerly known as Gati Kintetsu Express Private Limited) and fuel stations.

MORE NEWS

TCS Retrenchment: 376 Employees Laid Off in Pune

Maharashtra minister reveals TCS laid off 376 employees in Pune over two quarters....

Ratnaveer Raises Rs 185.5 Cr for Expansion

Ratnaveer Precision Engineering raises Rs 185.50 crore via QIP to fund European...

Unisem Agritech IPO: Raises Rs 6 Cr From Anchor...

Unisem Agritech raises over Rs 6 crore from anchor investors ahead of its IPO. IPO...

BlackRock Invests in Aditya Birla Renewables

BlackRock commits up to Rs 3,000 cr in Aditya Birla Group's renewables arm, valuing it...

Fibe Raises $35M from IFC

Fibe secures USD 35 million from IFC to boost affordable credit access for underserved...

Capital Markets to Overtake Bank Credit: Kotak AMC

Kotak Mahindra AMC chief Nilesh Shah predicts capital markets will surpass bank credit....

Nephrocare Health Services IPO: Rs 260 Cr from...

Nephrocare Health Services (NephroPlus) garners Rs 260 cr from anchor investors ahead...

Park Medi IPO: Rs 276 Cr from Anchor Investors

Park Medi World raises Rs 276 cr from anchor investors ahead of its Rs 920 cr IPO. IPO...

India Aims for 6G Patent Leadership: Scindia

India is confidently progressing to become a major force in global 6G patents and...

Tehri PSP Unit Commences Commercial Power Supply

Manohar Lal starts commercial power supply from Tehri pumped storage plant's 250 MW...

Gati Reports Rs 3.7 Crore Loss in Q2 FY24

You May Like To Read

MORE NEWS