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  • Q4FY24 EBITDA grows by 114% over Q3FY24 on the back of service enhancement and cost rationalisation

    Published on May 20, 2024

    Mumbai : Allcargo Gati Limited (formerly GATI) one of India’s leading premier Express Distribution and Supply Chain Management company, has reported its audited financial results for the quarter ended March 2024.

    Financial Highlights for Express Business

    Express business is housed under Gati Express and Supply Chain Pvt. Ltd. (GESCPL), formerly known as Gati KWE (GKEPL).

    Particulars (in ₹ Crs)Q4FY24Q4FY23Y-o-YQ3FY24Q-O-Q
    Revenue355356-0.1%371-4%
    EBITDA151223%7114%
    Pre-exceptional (PBT)-11-10NM-18NM
    Post-exceptional (PBT)-10-8NM-11NM

    Commenting on the results Mr. 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.”

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