Allcargo Gati Limited (formerly Gati Limited), one of India’s leading premier Express Distribution and Supply Chain Management companies, has reported its unaudited financial results for the quarter ended December 31, 2024.
Financial Highlights for Express Business
* Gross Margin: Gross margin has increased on a YoY basis; for Q3FY25 gross margin stood at Rs 98 crore, up 22% as compared to same period last year
* EBITDA: Continues to show improvement on the back of cost initiatives; for Q3FY25 EBITDA was up 215% as compared to same period last year
The Express business is housed under Gati Express and Supply Chain Pvt. Limited (GESCPL), formerly known as Gati KWE (GKEPL).
|
Particulars (in ? cr.)
|
Q3FY25
|
Q3FY24
|
Y-o-Y |
Q2FY25 |
Q-o-Q |
|
Revenue |
392 |
371 |
6% |
374
|
5% |
|
EBITDA |
22 |
7 |
215% |
19 |
15% |
Commenting on the results, Mr Ketan Kulkarni, Managing Director and Chief Executive Officer of Gati Express and Supply Chain Pvt. Limited (GESCPL), said “We are pleased to announce our Q3 results, which reflect a significant improvement over the same period last year and the previous quarter. Our EBITDA margin has grown remarkably to 5.5% from 1.9% in Q3 of the previous year, driven by our focused sales growth initiatives and operational efficiencies.
“We have optimised our operations and built a strong foundation to drive future growth and meet evolving market demands. A key milestone in this journey has been the modernisation of our business functions significantly enhancing service capabilities. As a trusted logistics partner, we continue to empower MSMEs by leveraging our extensive transportation network, ensuring reliability and improved transit time through superior traceability and connectivity. With a future-ready approach, we are well-positioned to sustain our growth momentum and deliver greater value to our customers.”
Source: Exim News Service: Mumbai, Feb. 10