This small-cap rose 8 per cent on August 3, thanks to its Q1 results

The company’s EBITDA figure showcased a staggering YOY growth of 1836 per cent

On August 3, the market is trading marginally lower. At 1:54 pm, the S&P BSE Sensex is trading at 58009, down 0.22 per cent from its previous close. As companies release their Q1 FY23 results, there is a lot of stock-specific action. 

GATI Ltd was one of the companies that released its first-quarter results after the market closed yesterday. After delivering a solid set of Q1 figures, GATI Ltd shares are surging today, trading at Rs 159.05, up 8 per cent from yesterday's close of Rs 147.35. 

Revenue for the company increased 44.25 per cent year over year, from Rs 298.78 crore in Q1 FY22 to Rs 431 crore in Q1 FY23. The EBITDA (other income excluded) number showed a stunning YOY increase of 1836 per cent. Compared to a net loss of Rs 25.22 crore in the first quarter of the previous fiscal year, the Q1 profit after taxes was recorded positive at Rs 6.59. Earnings per share for the June quarter remain at Rs 0.34. 

The company business can be segregated into 2 segments- Express Distribution and Fuel Station. The Express distribution segment contributed 84.68 per cent of total revenue in FY22, while the Fuel Station segment contributed the remaining 15.32 per cent. 

The company has a market value of Rs 1950 crore and is a component of the S&P BSE Small cap index. 

The promoter owns 51.53 per cent of the company, followed by FIIs and DIIs with a combined 3.43 per cent, and non-institutional investors with the remaining 45.04 per cent. 

The stock's 52-week high and low are Rs 221.75 and Rs 120. 

The stock's opening price on August 3 was Rs 157, and as of 1:54 pm, it had made an intraday high of Rs 169 and a low of Rs 157, respectively.