Gati back in black; Reports Rs 4.6 crore net profit

MUMBAI: Logistics and express distribution company Gati returned to the black in the September quarter, posting a net profit Rs 4.6 crore as against a loss of Rs 7.8 crore in the year-ago period.

Consolidated revenue rose 22 per cent to Rs 366.9 crore from Rs 302 crore in the same period last fiscal, a company release said today.

The Hyderabad-based company said its subsidiary Gati Kintetsu Express' revenues rose 20 per cent to Rs 250.7 crore, while revenue from e-commerce grew 155 per cent, from Rs 4.5 crore to Rs 10.5 crore, in the July-September period.