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On month on month (MoM) basis, the firm's total volume grew by 2% in August as against 111 kt in July 2023.
The logistics solution provider said that it has recorded another month of robust volumes in August. The Company is witnessing strong start to pre-festive ordering. The company expects the momentum to continue in coming months.
“We have started trial runs at our Bengaluru transhipment hub, and it should come fully online this month,” the company stated.
Gati is primarily engaged in the business of E-commerce logistics, Integrated Freight Forwarding (Domestic and International) and running of fuel stations.
The company reported consolidated net loss of Rs 1.67 crore in Q1 FY24 as compared with net profit of Rs 4.23 crore in Q1 FY23. Net sales fell 1.1% year on year to Rs 426.19 crore in Q1 FY24.
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