India's Gati reports narrower Q4 loss, shares down

Allcargo Gati

22/05/2023 09:40

** Shares of Gati Ltd  GATI.NS  fall as much as 4.73% to
112.85 rupees, their lowest in nearly two months
    ** E-commerce logistics co posts net loss of 160 mln rupees
in Q4 compared to 224 mln rupees loss Y/Y
    ** Quarter saw weakness in initial months followed by very
strong March, GATI says
    ** Adds overall weakness in consumer durables and automobile
sector as well as unseasonal rains dampened sentiment 
    ** Trading volume is 386,951 shares as of 2:00 p.m. IST,
almost similar to the 30-day avg - Refinitiv data

    
     ($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))