Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Corporate

Logistics Leader GATI Reported Net Loss of Rs 63 Cr In 4th Quarter of FY 19

Revenue from operations fell by 19 per cent year-on-year to Rs 370 crore from Rs 459 crore in the same period. Pre-tax loss stood at Rs 39 crore in Q4 FY20 as against a pre-tax profit of Rs 15 crore in Q4 FY19.

author-image
SMEStreet Desk
04 Jul 2020 10:23 IST

Follow Us

New Update
Mahendra Agarwal, GATI

Express distribution and supply chain solutions major Gati Ltd has reported a consolidated net loss of Rs 63 crore in the quarter ended March as compared to a net profit of Rs 8 crore in Q4 FY19.

Revenue from operations fell by 19 per cent year-on-year to Rs 370 crore from Rs 459 crore in the same period. Pre-tax loss stood at Rs 39 crore in Q4 FY20 as against a pre-tax profit of Rs 15 crore in Q4 FY19.

Consolidated net loss stood at Rs 78 crore in the year ended March (FY20) as compared to a net profit of Rs 18 crore in the year ended March last year (FY19). Revenue from operations fell to Rs 1,712 crore in FY20 over Rs 1,863 crore in FY19.

"The operating loss for quarter and financial year ended March 2020 is mainly attributable to a drop in cross-border e-commerce and TV-commerce business coinciding with a shift in domestic e-commerce market dynamics with increased price competitiveness due to key customers increasing investment in their own in-house logistics capacity," the company said in a statement.

In case of the material subsidiary the loss for the quarter is due to certain provisioning and lower business in March due to the Covid-19 induced lockdown, it added.

Mahendra Agarwal GATI Logistics
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!