Gati Ltd, India's pioneer in express distribution and supply chain solutions, on Wednesday reported a decline of 6.6 per cent in its consolidated net profit after taxes (PAT) at Rs 11.34 crore for the fourth quarter ended March 31, 2015.
"The consolidated PAT of the company stood at Rs 12.14 crore during the same period a year ago," said Gati Ltd in a filing to the Bombay Stock Exchange.
However, the consolidated revenue from operations of the company increased by 8.5 per cent at Rs 415.93 crore during Q4 FY15, as compared to Rs 383.49 crore during the same period last year.
"Gati's consolidated total income rose by 14 per cent to Rs 1662.7 crore (12 month), while consolidated net profit for the same period was up 59 per cent to Rs 56.6 crore," Gati said in a filing to BSE.
Commenting on the performance, Gati Limited, Founder and CEO, Mahendra Agarwal said, "The burgeoning e-Commerce sector has given us multiple opportunities and avenues to expand, grow with continued commitment towards technology and operational excellence. We are confident of sustaining these growth levels in the coming quarters as well. We are certain that these new opportunities will give us the means to realise our Vision 2020 of delivering 1 million packages a day."
The board of directors of the company has recommended a final dividend of 40 per cent for the year ended March 31, 2015 of Rs 0.80 per equity shares of Rs 2 each to the shareholders of the company.
Meanwhile, shares of the company were trading at Rs 201 apiece, down 1.06 per cent, from previous close on BSE at 13:54 hours.