Allcargo Gati Ltd. Results

Q2FY25 Quarterly Result Announced for Allcargo Gati Ltd.

Transportation & Logistics company Allcargo Gati announced Q2FY25 results Revenue: Rs 374 crore compared to Rs 385 crore during Q2FY24, change -3%. EBITDA: Rs 19 crore compared to Rs 15 crore during Q2FY24, change 20%. Gross margin has increased on a YoY basis, for Q2FY25 gross margin stood at Rs 99 crore up 10% as compared to Q2FY24. Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of Gati Express and Supply Chain, said "Our EBITDA for H1FY25 stood at 39 crore recording significant growth of 18% over the last year, highlighting the success of our strategic cost initiatives, further underscoring our operational efficiency. At the same time, we are advancing Phase II of our infrastructure development, which will further boost our capabilities. We are also deploying new tech modules which will help us with greater operational visibility and drive efficiency and innovation. These results underscore our strategy of balancing growth with profitability." Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain, said: "October 2024 has been a landmark month for Allcargo Gati, as we registered our highest ever monthly volume, with a total of 118kt. This marks a significant growth from 108kt in September 2024 and 113kt in the same month last year. This milestone is a testament to the hard work and dedication of our team, as well as the continued trust of our customers. It underscores our commitment to providing seamless, reliable logistics solutions across both surface and air express services. We look forward to building on this momentum in the months ahead."

Q1FY25 Quarterly Result Announced for Allcargo Gati Ltd.

Transportation & Logistics company Allcargo Gati announced Q1FY25 results: Gross Margin: Gross margin has increased on a QoQ basis, for Q1FY25 gross margin stood at 27% as compared to 26% for Q4FY24 EBITDA: Operating cost continues to get optimized to bring about future growth in EBITDA. For Q1FY25 EBITDA stood at Rs 20 crore, up 11% as compared to same period last year and 33% as compared to last quarter Cash Positive: Debt free as on June 2024 with a positive cash position of Rs 196 crore after a successful QIP of Rs 169 crore. Commenting on the results Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of GESCPL said: "Our express business performance this quarter has reported gross margins improving to 27%, reflecting streamlined operational cost. EBITDA grew significantly by 11% yearover-year and 33% quarter-over-quarter, reaching Rs 20 crore. The volume growth is a testament of our efforts towards improving quality and customer experience despite a strong base. Additionally, we are delighted to welcome Mr. Ketan Kulkarni as Deputy Managing Director of GESCPL. Ketan's vast experience will be instrumental in enhancing customer experience and assuring company growth through future strategic initiatives."

Q4FY24 Quarterly Result Announced for Allcargo Gati Ltd.

Transportation-Logistics company Allcargo Gati announced Q4FY24 results: Revenue in Q4FY24 was Rs 355 crore, showing a slight decrease of 0.1% from Q4FY23 Rs 356 crore. EBITDA in Q4FY24 reached Rs 15 crore, marking a 23% increase from Q4FY23 Rs 12 crore. Pre-exceptional PBT in Q4FY24 was -Rs 11 crore, with no comparable data from Q4FY23. Post-exceptional PBT in Q4FY24 was -Rs 10 crore, with no comparable data from Q4FY23. Commenting on the results Pirojshaw (Phil) Sarkari, Managing Director and Chief Executive Officer of GESCPL said: “Q4FY24 has recorded the highest volume for the year on the back of enhanced service. For the full year we have reported a volume growth of 10% as compared to the last year. The volume growth is a testament of our efforts towards improving quality and customer experience. Our quarter performance has registered a 114% EBITDA growth over Q3FY24. This growth has come on the back of our efforts on direct cost rationalisation and yield improvement. We shall continue to focus on cost reduction to enhance profitability for our stakeholders.”

Q1FY24 Quarterly Result Announced for Gati Ltd.

Transportation-Logistics company Gati announced Q1FY24 results: Q1FY24 vs Q1FY23: Revenue of Rs 367 crore in Q1FY24 compared to Rs 365 crore in Q1FY23, up 1% YoY EBITDA of Rs 18 crore in Q1FY24 compared to Rs 19 crore in Q1FY23, down 8% YoY Profit Before Tax of Rs (5) crore in Q1FY24 compared to Rs 5 crore in Q1FY23 Q1FY24 vs Q4FY23: Revenue of Rs 367 crore in Q1FY24 compared to Rs 356 crore in Q4FY23, up 3% QoQ EBITDA of Rs 18 crore in Q1FY24 compared to Rs 12 crore in Q4FY23, up 48% QoQ Profit Before Tax of Rs (5) crore in Q1FY24 compared to Rs (9.9) crore in Q4FY23 Commenting on the results Pirojshaw (Phil) Sarkari, MD, and CEO, GESCPL said, “Our express business continues to deliver a resilient performance driven by positive momentum in volumes. Q1FY24 volumes were up 5% YoY despite a strong base quarter. The base quarter (Q1FY23) benefitted from exceptional volumes driven by industry consolidation that benefitted a few players. We expect the positive sales momentum to continue in the coming months and to augment our infrastructure buildup efforts, Gati will launch its Bangalore hub in the week of August 15th. On the technology front as well, Gati continues to take large strides. We recently signed an LoI with a large domestic IT Company to build a best-in-class Gati Enterprise Management System (GEMS 2.0) on a microservices platform. Continuing our sales acceleration efforts, we appointed Rajesh Gowrinath as Vice President of Sales. Rajesh comes with 20+ years of experience across large logistics companies like DHL and BlueDart. We also started a nationwide GA training program to create an image of our Gati Associates as the company's brand ambassador. With this background, we are happy to report a rebound in our profitability sequentially, clocking an EBITDA of Rs 18 crore for our express business. The volume outlook appears supportive of our growth plans as we saw a pickup in orders from large customers as preparations for the upcoming festive season gather pace."