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GTL has reported result for its first quarter ended September 30, 2011.

The group has posted a net loss of Rs 113.17 crore for the quarter under review as compared to a net profit of Rs 93.37 crore in the same period a year ago. GTL’s gross profit for the first quarter ended September 30, 2011 was Rs 108 crore as against Rs 189 crore during the corresponding period in the previous year, down by 42.86%.

The Selling and Marketing Expenses were Rs 11.97 crore in the current quarter as against Rs 18.23 crore in the corresponding period for the previous year. Administration Expenses were Rs 28.35 crore in the current quarter as against Rs 37.91 crore in the corresponding period for the previous year. EBITDA for the quarter ended September 30, 2011 was Rs 68.43 crore as against Rs 133.75 crore during the corresponding period in the previous year.

Depreciation charged for the quarter stood at Rs 30.70 crore as against Rs 19.64 crore in the corresponding period of previous year. The total manpower of the company stood at 9,333 as on September 30, 2011, as against 7,121 as on September 30, 2010.

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