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GTL tumbles on reporting 89% fall in Q1 net profit

19 Aug 2011 Evaluate

GTL is currently trading at Rs 48.70, down by 3.10 points or 5.98% from its previous closing of Rs 51.80 on the BSE.

The scrip opened at Rs 50.00 and has touched a high and low of Rs 50.60 and Rs 47.60 respectively. So far 721959 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 462.00 on 21-Sep-2010 and a 52 week low of Rs 46.40 on 17-Aug-2011.

Last one week high and low of the scrip stood at Rs 59.95 and Rs 46.40 respectively. The current market cap of the company is Rs 503.85 crore.

The promoters holding in the company stood at 52.72% while Institutions and Non-Institutions held 7.76% and 39.53% respectively.

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.

GTL Share Price

7.63 -0.03 (-0.39%)
17-Apr-2026 16:59 View Price Chart
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