 "Gati dips on disappointing Q2 results")
Gati has dipped 6% to Rs 154 on the BSE in early morning trade after reported 16% year on year (YoY) drop in consolidated net profit at Rs 5.79 crore for the quarter ended September 30, 2015 (Q2), due to lower operational income and higher employee cost.
The logistics services provider had profit of Rs 6.93 crore in a year ago quarter.
The total income from operations of the company during the September quarter also declined to Rs 405 crore, over Rs 412 crore in the year-ago period. Employee cost increased by 15.8% at Rs 44.16 crore on YoY basis.
At 09:20 am, the stock was down 5% at Rs 156 on the BSE. A combined 360,766 shares changed hands on the counter on the BSE and NSE.
The logistics services provider had profit of Rs 6.93 crore in a year ago quarter.
The total income from operations of the company during the September quarter also declined to Rs 405 crore, over Rs 412 crore in the year-ago period. Employee cost increased by 15.8% at Rs 44.16 crore on YoY basis.
At 09:20 am, the stock was down 5% at Rs 156 on the BSE. A combined 360,766 shares changed hands on the counter on the BSE and NSE.