Gati records highest ever quarterly revenue of ₹379 crore in Q3 FY2023
Gati has reported its unaudited financial results and for Q3 FY23 revenue grew by 7 percent Y-o-Y to ₹379 crore while for 9MFY23 the growth stood at 20 percent Y-o-Y to 1,114 crore.
The express logistics company’s EBITDA grew 89% in 9M FY23 YoY to ₹60 crore with tonnage growth of 20%.
Pirojshaw Sarkari, CEO of Gati: “This performance reflects companies’ focus on customer delight and operational efficiency. In the next phase of infrastructure development, we’ll be setting up four surface transhipment hubs in Bengaluru, Hyderabad, Indore and Kolkata.”
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The Allcargo Group company in Jan 2023 launched surface transhipment centres (STC) in Nagpur, Maharashtra and Guwahati, Assam, in line with Gati’s plan to set up 12 modern, automated and environmentally friendly STC.
Gati also aims to enhance customer experience and operational excellence on front-end digitisation that includes CRM system for managing customer relationships, sales acceleration with a cluster-based approach, data science and digital payments.
“Hub modernisation and enhanced automation will lead to better efficiency which will translate to higher volumes," the company release reads.
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