Gati Q2 net profit flat at Rs 6 crore

Logistics major Gati Ltd today posted a flat consolidated net profit of Rs 5.80 crore for the quarter ended September 30, 2016.
The company had posted consolidated profit after tax, minority interest and share of profit of associates of Rs 5.79 crore in the year-ago period, Gati Ltd said in a filing to BSE.
Total income from operations increased to Rs 425.64 crore, over Rs 404.94 crore in the year-ago period.
In a separate statement, the company said that it has invested in BrownTape, a cloud-based software solutions firm which helps online merchants manage their orders for multiple e-commerce marketplaces.

"The relationship with BrownTape will be an important part of the company's long-term growth strategy. The alliance will work on the vision of simplifying e-commerce for all levels... on online sellers," Gati Ltd Chief Strategy Officer Dhruv Agarwal said in the statement.
"Gati will utilise the BrownTape platform to develop a unique single-window solution for customers by integrating our establised pan-India logistics network and BrownTape's multi-channel order management platform. Online sellers will be able to manage their e-commerce ecosystem seamlessly in terms of order flow, physical product flow and information flow," Agarwal said.