Press Trust of India |
Mumbai
May 23, 2012
Last Updated at 20:26 IST
GTL reports Rs 246 cr net loss in Jan-Mar quarter
Consolidated revenue from global operations also declined 27% to Rs 565 cr
Telecom network services firm GTL Ltd today reported a net loss of Rs 246.22 crore for the quarter ended March 31, 2012.
The company had reported a net profit of Rs 48.46 crore in the same quarter last year.
Consolidated revenue from global operations also declined 27% to Rs 565.63 crore for the quarter as compared to Rs 775.20 crore in the corresponding quarter last year, the company said in a filing to the BSE.
On a yearly basis, the revenue of the company for the period ended March 31, 2012 (nine months) stood at Rs 1,866.94 crore as against Rs 3,942.16 crore (15 months) last year.
The net loss for nine months stood at Rs 459.07 crore while the company had reported a net profit of Rs 210.63 crore for the 15-month period last year.
Financial year 2010-11 ended for the company on June 30, 2011.
The company's total expenses amounted to Rs 566.69 crore for the quarter as against Rs 649.21 crore in the same period last year.
