wordpress blog stats
Connect with us

Hi, what are you looking for?

Gati E-Commerce Revenue Grew 155% in Q1-FY14

GatiDistribution 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.

Financials

– 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.

Results  | Press Release

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

News

E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...

News

Snapdeal has hit out at the United States Trade Representative (USTR) after being named in its latest report for allegedly selling counterfeit products on...

News

HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ