Allcargo Gati reported a four percent increase in consolidated revenue from operations at Rs 440 crore for the third quarter of financial year 2024-25 compared to Rs 424 crore in the same period of the last fiscal.
Total comprehensive income dropped sharply (98 percent) to Rs 0.41 crore as against Rs 18.59 crore in Q3FY2024, says an official release.
For the first nine months of the current fiscal, total revenue from operations declined marginally to Rs 1,275 crore, and the company reported a loss of Rs 3.54 crore as against a profit of Rs 10 crore in the same period last fiscal.
Express business Q3FY2025 revenue increased six percent to Rs 391 crore but declined marginally to Rs 1,119 crore for nine months.
The board meeting today approved a proposal to appoint Ketan Kulkarni as CEO and Managing Director of Gati Express & Supply Chain, a subsidiary of the company.
Kulkarni says: “We are pleased to announce our Q3 results, which reflect a significant improvement over the same period last year and the previous quarter. Our EBITDA margin has grown remarkably to 5.5 percent from 1.9 percent in Q3 of the previous year, driven by our focused sales growth initiatives and operational efficiencies. We have optimised our operations and built a strong foundation to drive future growth and meet evolving market demands.
“A key milestone in this journey has been the modernisation of our business functions significantly enhancing service capabilities. As a trusted logistics partner, we continue to empower MSMEs by leveraging our extensive transportation network, ensuring reliability and improved transit time through superior traceability and connectivity. With a future-ready approach, we are well-positioned to sustain our growth momentum and deliver greater value to our customers.”