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Gati to exit cold chain solutions business; Mandala Capital to buy 70% stake in firm

Gati to exit cold chain solutions business; Mandala Capital to buy 70% stake in firm
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Gati share zooms 8% post Q4 earnings- Business News


Gati share zooms 8% post Q4 earnings
The company informed that there was an exceptional loss of Rs 172.8 crore on a reduction in the value of assets held for sale
BusinessToday.In | May 26, 2021 | Updated 13:11 IST
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Share of Gati Ltd. rose nearly 8 per cent to hit an intraday high of Rs 130.95 in early trade after the company reported earnings for the quarter ended March 2021.
Revenue from operations grew 10 per cent to Rs 406.64 crore in Q4 compared to Rs 370.09 crore in the year-ago period.
However, the company reported a net loss of Rs 173.4 crore in Q4 compared to a loss of Rs 70.6 crore in the year-ago period. The company informed that there was an exceptional loss of Rs 172.8 crore on a reduction in the value of assets held for sale. ....

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