Distribution and Supply Chain Solution company Gati Ltd registered a revenue increase of 155% to Rs 10.5 crore from Rs 4.5 crore YoY in its e-commmerce division in the quarter ending September 30, 2013 making a headway in the segment that is otherwise dominated by Bluedart-DHL combo. The company’s net profit after tax increased to Rs 4.6 crore from Rs 5.2 crore loss in Q1-FY13.
The company also established its own delivery network spread across 14,000 remote locations that cater to the Tier 2 and Tier 3 cities. With this, Gati says it is now able to deliver and offer cash on delivery service to people in 6,700 pin codes. They have also set up pick and pack centers in Delhi, Bangalore, Pune and Mumbai and introduced ‘same day delivery’ service in six major metros.
– Consolidated YoY revenue for the quarter ended September, 2013 up 22% to Rs 366.9 crore from Rs 302.0 crore.
– GATI-KWE revenues stood at Rs 250.7 crore showing year on year growth of 20%.
– Gati Kausar revenue remained flat over the last quarter and increased 29% over the last year same quarter.
DTDC has also been very aggressive in this segment and had launched DotZot earlier this year. It had also bought 70% stake in Bangalore-based logistics firm Nikkos earlier this year for Rs 1 crore.