GTL Q4 net dips 42% at Rs 28.26 cr

GTL, a firm engaged in the business of telecom infrastructure, today said its consolidated net profit fell by 42.2 per cent to Rs 28.26 crore in the fourth quarter ended March over the corresponding period a year ago.

The company had a consolidated net profit of Rs 48.90 crore during the fourth quarter of FY'08, GTL said in separate filings to the Bombay Stock Exchange and the National Stock Exchange.

Consolidated total income of the network services firm rose to Rs 575.76 crore in March quarter of FY'09 from Rs 485.77 crore of the same period a year ago.

For the year ended March 31, 2009, GTL registered a consolidated net profit of Rs 135.55 crore, marking a growth of 50.54 per cent compared to Rs 274.06 crore last fiscal.

On standalone basis, the company posted growth rate of 37.97 per cent in its net profit at Rs 16.71 crore in March quarter against Rs 26.94 crore of the same quarter FY'08.

The company also announced a dividend of 30 per cent or Rs 3 per share for the fiscal ended March 31, 2009.

Shares of GTL closed at Rs 251.15, up 1.09 per cent on the BSE.