Gati - 3QFY13 Result Update - Nirmal Bang

Gati reported Q2FY13 numbers in line.

- Con Revenues went up 9.6% QoQ/2% YoY

- EBIDTA margins remained flat QoQ on the back of higher wage cost

- PAT was at Rs.5 cr against a loss of Rs.8 crore in the previous quarter on the back Rs 7 crore of exceptional income.

- Outlook: Positive, however diesel price hike might impact the company.

Source : Equity Bulls

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