Gati Ltd's Q4 FY '16 Consolidated Net Profit rises 37.1%
Board of directors recommend a final dividend of Re 1 per share
Consolidated Financial Highlights of Q4 FY'16
· Consolidated Revenue of Rs 433.3 crore in Q4 FY'16, up by 3.1 % over Q4 FY'15
· EBITDA at Rs 43.1 crore in Q4 FY'16, up by 11.8% over Q4 FY'15
· EBITDA margin improved 140 bps over Q3 FY'16
· PAT at Rs 15.5 crore in Q4 FY'16, up 37.1% over Q4 FY'15
Hyderabad, April 28, 2016: GATI Ltd. (NSE: GATI, BSE: 532345) India's leader in Express Distribution and Supply Chain Solutions, declared its financial results for the fourth quarter ended 31st March, 2016.
Gati recorded consolidated revenues of Rs. 433.3 crore in Q4 FY'16. This represents a 3.1% YoY growth against Rs 420 crore in Q4 FY'15. The QoQ revenue growth stands at 3.0%.
Gati's strategy to broaden its e-commerce customer base and expand presence across product weight segments helped deliver a healthy 18% QoQ growth in a post festive season quarter. Gati enhanced its capabilities to cater to small parcel segment and also intensified its business development efforts to engage with small and medium e-commerce players, which has yielded positive results.
Gati Kausar, the cold chain solutions subsidiary, turned the corner by registering a positive PAT margin of 4.5%
In the matter of Air India case, an interim amount of INR 22.5 Crores has been made over to the company as per Delhi High Court Order.
In another significant development, the company has regained the West-East round-trip Parcel Train tender which will help it reestablish its full business potential in this flagship trade lane.
The growth in topline coupled, with network re-alignment and control on operating costs, resulted in improved EBITDA margins.
Other Financial Highlights:
· In Q4FY'16, the total income for GKEPL rose moderately by 1.4% to Rs 287.6 crore in Q4'16 and the EBITDA margin improved by 50 basis points to Rs. 27.1 crore in Q4'16.
· Gati's Supply Chain Management segment showed significant positive momentum with new customer acquisitions and a healthy pipeline for the coming financial year.
· Gati's E-connect division sustained its growth story by clocking a Q4 FY'16 revenue growth of 52% YoY, clocking a topline of Rs. 64 crore.
· On a full year basis, the E-connect business grew over 60% to Rs 207.8 crore in FY'16 and the e-fullfillment center business grew by 153% YOY clocking a revenue of INR 25 Crores in FY'16.
Commenting on the company's quarterly performance, Mr. Mahendra Agarwal, Founder & CEO said, "Our Q4 performance has been motivating and has been the highest ever quarter performance. We are focused on enhancing our performance in all the diversified solutions we offer. We look to continue building strength of 'ONE GATI' approach in operations and business development with respect to all the products with our portfolio"
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