GTL Limited (GTL) today announced audited results of the Company (including its international subsidiaries on consolidated basis) for the quarter ended March 31, 2008. The Company focuses on Network Services business and provides Network Design & Planning, Network Deployment, Network Operations & Maintenance, Infrastructure Management, Application Management & Professional Services to Telecom Operators & Original Equipment Manufacturers (OEMs) in over 35 countries.

The gross profit for the quarter was Rs.117.56 Crores (24.77% of revenue) as against Rs. 96.74 Crores (24.40% of revenue) during the corresponding quarter in the previous year.

The Selling & Marketing Expenses decreased to 2.80% of revenue (Rs. 13.33 Crores) in the current quarter from 3.34% of revenue (Rs. 13.24 Crores) in the corresponding period for the previous year. Administration Expenses decreased to 7.01% of revenue (Rs.33.28 Crores) as against 7.02% of revenue (Rs.27.85 Crores) in the corresponding period for the previous year.

Depreciation charged for the quarter stood at Rs.12.20 Crores as against Rs 10.87 Crores in the corresponding quarter of last financial year. The Company accounted for Other Income of Rs. 11.25 Crores as against a loss of Rs. 6.50 Crores in the corresponding quarter of the previous year.

Dividend:

The board of Directors, subject to shareholders approval, has recommended for FY08 a dividend of Rs. 3 per share (30% of par value of Rs 10/share)

Awards & Recognition:

Featured amongst Top 10 in S&P’s ESG India index

S&P’s ESG (Environmental, Social and Governance) India index comprises of fifty Indian companies, whose business strategies and performance demonstrates a high level of commitment to meeting environmental, social and governance standards. These companies have been drawn from the largest 500 companies listed on the NSE.

Golden Peacock Innovation award 2007

GTL was honored for innovation in social responsibility practices, through its ‘Knowledge on Wheels’ initiative. This initiative entails a mobile computer lab that imparts basic computer education to school children

Huawei ‘Best Technology partner – India’ award

GTL Ltd was awarded the Excellent Technology Partner – India award by Huawei India Ltd for the excellent work done by GTL on its projects. The award is a first of its kind being given by Huawei.

Manpower at GTL

The total manpower of the Company stood at 5,045 as on March 31, 2008, as against 3,390 in the corresponding period ended March 31, 2007. The increase in the manpower was on account of acquisitions made during the financial year and increase in scale of operations.

Sourced from: GTL Limited

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• GTL’s gross profit for the quarter was Rs 105.76cr
• SKNL sales for the quarter was Rs 453.07cr
• Quintegra’s posts net profit up by 20.40% at Rs 2.18cr
• Tulip Telecom reports net profit of ­­­Rs 187.1cr, up 88%
• Bilcare’s cons revenue up by 57% at Rs 669.92cr