Gati Ltd Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended December 31, 2012
January 14, 2013 at 05:02 am
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Gati Ltd. reported unaudited consolidated and standalone earnings results for the second quarter and six months ended December 31, 2012. For the quarter, on standalone basis, the company reported income from operations of INR 253.0 million against INR 2,319.5 million a year ago. Total income was INR 254.9 million against INR 2,331.5 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 24.2 million against profit from operations before other income, finance cost and exceptional items of INR 196.3 million a year ago. Profit before tax was INR 57.7 million against INR 18.2 million a year ago. Net profit after tax was INR 58.5 million or INR 0.50 per diluted share against INR 52.6 million or INR 0.61 per diluted share a year ago.
For six months, the company reported income from operations of INR 494.5 million against INR 4,668.4 million a year ago. Total income was INR 499.2 million against INR 4,691.1 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 39.8 million against profit from operations before other income, finance cost and exceptional items of INR 387.5 million a year ago. Profit before tax was INR 69.1 million against INR 87.6 million a year ago. Net profit after tax was INR 68.9 million or INR 0.59 per diluted share against INR 91.0 million or INR 1.05 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported income from operations of INR 2,859.7 million against INR 2,749.6 million a year ago. Total income was INR 3,268.9 million against INR 3,206.2 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 128.4 million against INR 220.7 million a year ago. Profit before tax was INR 117.2 million against INR 43.0 million a year ago. Net profit after tax was INR 77.9 million against INR 10.3 million a year ago. Net profit for the period was INR 50.6 million or INR 0.24 per diluted share against INR 10.3 million or INR 0.61 per diluted share a year ago.
For six months, the company reported income from operations of INR 5,435.0 million against INR 5,085.0 million a year ago. Total income was INR 6,251.8 million against INR 6,138.4 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 242.2 million against INR 313.5 million a year ago. Profit before tax was INR 106.1 million against INR 56.3 million a year ago. Net profit after tax was INR 25.2 million against INR 55.2 million a year ago. Net loss for the period was INR 27.3 million or INR 0.24 per diluted share against net profit for the period of INR 55.2 million or INR 1.05 per diluted share a year ago.
Allcargo Gati Limited, formerly Gati Limited, is an India-based company primarily engaged in the business of e-commerce logistics, integrated freight forwarding (domestic and international) and running of fuel stations. The Company's segments include Express Distribution & Supply Chain, and Fuel Stations. The Express Distribution & Supply Chain covers integrated e-commerce cargo logistics, such as road, rail, and air transportation and shipping. The Fuel Stations cover dealing in petrol, diesel, and lubricants. It is also engaged in the business of e-commerce and cold chain logistics. It offers customized solutions for temperature-sensitive shipments, including consumer foods, pharmaceuticals, retail and agricultural-food sectors. It also provides services, such as freight forwarding, customs clearance, and inventory management. It operates approximately 5000 trucks. Its supply chain management solutions span over 65 warehouses across the country, including three e-fulfillment centers.
ALLCARGO GATI LIMITED 
