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GTL reports 89% fall in Q1 net profit

19 Aug 2011 Evaluate

GTL has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 tumbled by 89.16% at Rs 2.43 crore as compared to Rs 22.41 crore for the corresponding quarter last year. Its net income from sales has increased by 58.15% at Rs 695.40 crore for the quarter under review from Rs 439.70 crore for the same quarter last year.

GTL is amongst the leading network services company. Being part of Global Group, the company offers a complete solution in Network Life cycle starting from planning and design to deployment, to operations and maintenance and enhancement and evolutions.

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