Gati Ltd suffers net loss of Rs 70 cr for Q4FY20

New Delhi: Logistics player Gati Ltd suffered consolidated net loss of Rs 70 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of Rs 10 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 20 percent to Rs 370 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 459 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net loss stood at Rs 84 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 23 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 8 percent to Rs 1,711 crore for the entire fiscal 2019-20 as compared to Rs 1,863 crore in the previous fiscal.

The consolidated total expenses of the company fell to Rs 414 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 451 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company fell to Rs 1,773 crore in the 2019-20 fiscal as compared to Rs 1,843 crore in the previous fiscal, the company said in a regulatory filing.

 

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