GATI Ltd - Key Business Highlights for April 2023

GATI Ltd has announced key business parameters for the month ended April 2023.

Key highlights:

- Gati's total volume, including surface and express, for the month of April 2023 was down 2.1% as compared to April 2022 and down 15.8% as compared to March 2023.

- After a very strong March, volumes softened a bit for the month of April. Volume degrowth for the month was driven by softness in volume contribution from Key Enterprise Accounts (KEA) while performance of SME and Retail accounts remained relatively strong.

- The month saw weakness in volumes driven by softness in consumer durables and automobile sector. Further, crop damage also impacted the rural demand.

- Gati added 530 new customers during the quarter ending March' 2023 including 419 MSME accounts.

Shares of GATI Limited was last trading in BSE at Rs. 123.70 as compared to the previous close of Rs. 123.10. The total number of shares traded during the day was 148059 in over 2193 trades.

The stock hit an intraday high of Rs. 128.95 and intraday low of 121.90. The net turnover during the day was Rs. 18624493.00.

Source : Equity Bulls

Keywords

GATI INE152B01027 KeyBusinessHighlights April2023