Allcargo Gati Limited (formerly GATI) one of India’s leading premier Express Distribution and Supply Chain Management company, has reported its audited financial results for the quarter ended March 2024.
Financial Highlights for Express Business
Express business is housed under Gati Express and Supply Chain Pvt. Ltd. (GESCPL), formerly known as Gati KWE (GKEPL).
| Particulars (in ₹ Crs) | Q4FY24 | Q4FY23 | Y-o-Y | Q3FY24 | Q-O-Q |
| Revenue | 355 | 356 | -0.1% | 371 | -4% |
| EBITDA | 15 | 12 | 23% | 7 | 114% |
| Pre-exceptional (PBT) | -11 | -10 | NM | -18 | NM |
| Post-exceptional (PBT) | -10 | -8 | NM | -11 | NM |
Commenting on the results Mr. Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of GESCPL said: “Q4FY24 has recorded the highest volume for the year on the back of enhanced service. For the full year we have reported a volume growth of 10% as compared to the last year. The volume growth is a testament of our efforts towards improving quality and customer experience.
Our quarter performance has registered a 114% EBITDA growth over Q3FY24. This growth has come on the back of our efforts on direct cost rationalisation and yield improvement. We shall continue to focus on cost reduction to enhance profitability for our stakeholders.”
