Allcargo Gati Limited (formerly GATI) one of India’s leading premier Express Distribution and Supply Chain Management company, has reported its un-audited financial results for the quarter ended 30th September 2024.
Augmenting Infrastructure and Technology by embarking on phase II of infrastructure development and launching of new modules of tech pack, further enhancing operational capabilities.
Gross Margin: Gross margin has increased on a YoY basis, for Q2FY25 gross margin stood at Rs. 99 crores up 10% as compared to same period last year.
EBITDA: Continues to show improvement on the back of cost initiatives, for Q2FY25 EBITDA was up 26% as compared to same period last year.
Express business is housed under Gati Express and Supply Chain Pvt. Limited. (GESCPL), formerly known as Gati KWE (GKEPL).
Commenting on the results Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of Gati Express and Supply Chain Pvt.Limited. (GESCPL) said “Our EBITDA for H1FY25 stood at 39 crores recording significant growth of 18% over the last year, highlighting the success of our strategic cost initiatives, further underscoring our operational efficiency. At the same time, we are advancing Phase II of our infrastructure development, which will further boost our capabilities. We are also deploying new tech modules which will help us with greater operational visibility and drive efficiency and innovation. These results underscore our strategy of balancing growth with profitability.”
Commenting on monthly business update Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Limited. (GESCPL) said “October 2024 has been a landmark month for Allcargo Gati, as we registered our highest ever monthly volume, with a total of 118kt. This marks a significant growth from 108kt in September 2024 and 113kt in the same month last year. This milestone is a testament to the hard work and dedication of our team, as well as the continued trust of our customers. It underscores our commitment to providing seamless, reliable logistics solutions across both surface and air express services. We look forward to building on this momentum in the months ahead.”
Allcargo Gati recently announced roll out of over 1,700 rebranded vehicles, including a range of Alternative Fuel Vehicles (AFVs), across India for first- and last-mile deliveries. This initiative aligns with Allcargo Group’s broader rebranding and sustainability goals, aimed at achieving carbon neutrality by 2040.
Allcargo Gati remains dedicated to empowering MSME markets by leveraging its extensive transportation network, ensuring reliability and scalability for businesses to reach customers across the country. With direct delivery services to over 5,400 pin codes and access to 19,800 pin codes across 735 out of 739 districts in India, Allcargo Gati offers its customers enhanced transit times and delivery efficiency through superior traceability and connectivity. This extensive network provides exceptional reach, especially in tier 2 and tier 3 cities, empowering businesses to scale seamlessly across the country.
