GTL registers a revenue growth of 26% on Year on Year basis

GTL Limited has announced the un-audited results of the Company for the quarter ended June 30, 2010. The gross profit for the quarter ended June 30, 2010 was 149.81 Crore (24.28% of revenue) as against 123.85 Crore (25.24% of revenue) during the corresponding quarter in the previous year.Depreciation charged for the quarter stood at 17.73 Crore as against 13.98 Crore in the corresponding quarter of last financial year.

The Net profit of the Company has reduced from 53.26 Crore to 37.49 Crore mainly due to exchange loss of 2.41 Crore as against an exchange gain of 19.72 Crore reported in the corresponding quarter in the previous year.