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Gati Q4 consolidated net profit declines 40.2%

Gati Ltd Q4FY17 consolidated net profit declines 40.2% yoy to Rs.9.29 crore
GATI consolidated revenue for the quarter came in at Rs. 414.9 crore, registering 3.1% yoy decline.
This was primarily driven by 9% yoy decline in revenue from express distribution and supply chain .

EBITDA for the quarter fell by 43.6% yoy to Rs. 21.36 crore with a corresponding margin contraction of 370 bps.
EBITDA margin for the quarter stood at 5.1%. This margin contraction was aided by 35% yoy increase in cost of sales.

The PAT for the quarter came in at Rs. 9.29 crore, yoy decline of 40.2%. This was partially driven by 10% yoy increase in finance cost.

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