GTL bottomline declines 19%

BS 200 SCORECARD

GTL Ltd has reported a 18.6 per cent decline in its consolidated net profit for the third quarter ended December 31, 2004 at Rs 25.9 crore against Rs 31.84 crore in the corresponding period of the previous fiscal.

Consolidated income during the reporting quarter went up by 31.8 per cent to Rs 191.44 crore compared with Rs 145.14 crore in the same period of 2003-04.

For the nine months ended December 31, 2004, the consolidated net profit increased by 25.1 per cent to Rs 90.98 crore from Rs 72.71 crore in the previous fiscal while consolidated net income grew by 31.3 per cent to Rs 266.40 crore against Rs 202.88 crore.

"We had a strong quarter as we continued to execute our long term plan of building a unified team around GTL's core strengths. Our focus on long-term stability is making headway and we are learning to exploit gtl's comprehensive solution set more effectively for large scale enterprise customers," CEO Michael Clark was quoted in a press release.