Gati posts 32 pc fall in Oct-Dec quarter profit

Logistics services provider Gati Ltd today reported 32.9 per cent decline in consolidated net profit of Rs 7.67 crore for the quarter ended December 31, 2015.
The company had reported consolidated net profit of Rs 11.44 crore in the year-ago period, Gati said in a filing to BSE.
Total income from oeprations of the company declined to Rs 417.80 crore, over Rs 423.31 crore in the corresponding quarter of the previous fiscal.
In a separate filing to the BSE, the company said that its board has approved "allotment of 2,45,400 equity shares of Rs 2 each on exercise of stock options under Employee Stock Option Scheme (ESOS) of the company."

"Consequently, the equity share capital of the company has increased from 8,74,77,537 equity shares of Rs 2 each aggregating to Rs 17,49,55,074 to 8,77,22,937 equity shares of Rs 2 each aggregating to Rs 17,54,45,874," it said.