Gati Q2 net profit drops 16% to Rs 5.7 crore

Logistics services provider Gati Ltd today reported 16.4 per cent drop in consolidated net profit at Rs 5.79 crore for the quarter ended September 30.
The company's net profit in the corresponding quarter of the previous fiscal was Rs 6.93 crore, Gati said in a regulatory filing.
The total income from operations of the company during the September quarter also declined to Rs 404.94 crore, over Rs 411.85 crore in the year-ago period.
Gati operates a fleet of more than 5,000 vehicles on road, and over 3,100 business partners across India.
The company has a strong market presence in the Asia Pacific region and SAARC countries.

It has offices in China, Singapore, Hong Kong, Thailand, Nepal and plans to foray into other markets.