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The Sales for the quarter ended December 2018 of Rs. 561.16 million declined by -76.54% from Rs. 2392.17 millions.The Net Loss for the quarter ended December 2018 is Rs. -307.85 millions as compared to Net Profit of Rs. 96.47 millions of corresponding quarter ended December 2017Operating profit Margin for the quarter ended December 2018 slipped to -253.31% as compared to 171.30% of corresponding quarter ended December 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 561.16 2392.17 -76.54 1842.06 9133.70 -79.83 9954.86 12211.13 -18.48 Other Income 328.79 199.69 64.65 358.20 256.58 39.61 98.92 335.11 -70.48 PBIDT -253.31 171.30 -247.88 -1321.41 32.23 -4199.94 -796.74 -406.61 95.95 Interest 42.40 40.54 4.59 123.94 145.40 -14.76 185.26 5471.15 -96.61 PBDT -295.71 130.76 -326.15 -1445.35 -4613.17 -68.67 -26105.39 -5877.76 344.14 Depreciation 12.14 34.29 -64.60 36.68 142.77 -74.31 174.86 474.13 -63.12 PBT -307.85 96.47 -419.11 -1482.04 -4755.93 -68.84 -26280.25 -6351.89 313.74 TAX 0.00 0.00 0.00 0.45 -3.65 -112.33 -3.65 -53.27 -93.15 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -307.85 96.47 -419.11 -1482.49 -4752.27 -68.80 -26276.60 -6298.61 317.18 Equity 1572.97 1572.97 0.00 1572.97 1572.97 0.00 1572.97 1572.97 0.00 PBIDTM(%) -45.14 7.16 -730.37 -71.74 0.35 -20427.40 -8.00 -3.33 140.36
The sales declined to Rs. 2392.17 millions for the December 2017 quarter as compared to Rs. 3177.19 millions during the corresponding quarter last year.The Total Profit for the quarter ended December 2017 of Rs. 96.47 millions grew from Rs.-1159.79 millionsOperating profit for the quarter ended December 2017 decreased to 171.30 millions as compared to 407.61 millions of corresponding quarter ended December 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 2392.17 3177.19 -24.71 9133.70 9240.60 -1.16 12211.13 12403.57 -1.55 Other Income 199.69 22.22 798.69 256.58 148.90 72.32 335.11 401.43 -16.52 PBIDT 171.30 407.61 -57.97 32.23 73.42 -56.10 -406.60 89.70 -553.29 Interest 40.54 1506.16 -97.31 145.40 4248.83 -96.58 5471.15 5597.96 -2.27 PBDT 130.76 -1098.55 -111.90 -4613.17 -4175.41 10.48 -5877.75 -22752.39 -74.17 Depreciation 34.29 61.24 -44.01 142.77 417.88 -65.83 474.13 984.80 -51.86 PBT 96.47 -1159.79 -108.32 -4755.93 -4593.29 3.54 -6351.89 -23737.18 -73.24 TAX 0.00 0.00 0.00 -3.65 0.00 0.00 -53.27 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 96.47 -1159.79 -108.32 -4752.27 -4593.29 3.46 -6298.61 -23737.18 -73.47 Equity 1572.97 1572.97 0.00 1572.97 1572.97 0.00 1572.97 1572.97 0.00 PBIDTM(%) 7.16 12.83 -44.18 0.35 0.79 -55.58 -3.33 0.72 -560.36
The Sales for the quarter ended March 2017 of Rs. 0.00 million declined by -100.00% from Rs. 3104.86 millions.The Net Loss for the quarter ended March 2017 is Rs. 0.00 millions as compared to Net Loss of Rs. -1094.57 millions of corresponding quarter ended March 2016Operating profit for the quarter ended March 2017 decreased to 0.00 millions as compared to 474.04 millions of corresponding quarter ended March 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201703 201603 % Var 201703 201603 % Var 201603 201503 % Var Sales 0.00 3104.86 -100.00 9240.60 12416.45 -25.58 12416.45 20694.08 -40.00 Other Income 0.00 112.52 0.00 148.91 404.29 -63.17 412.25 819.29 -49.68 PBIDT 0.00 474.04 -100.00 73.42 -110.32 -166.55 -97.34 -541.09 -82.01 Interest 0.00 1328.71 -100.00 4248.83 5538.87 -23.29 5321.74 4682.41 13.65 PBDT 0.00 -854.67 -100.00 -4175.41 -23091.13 -81.92 -25089.43 -6750.67 271.66 Depreciation 0.00 239.90 0.00 417.88 984.99 -57.58 984.99 1262.26 -21.97 PBT 0.00 -1094.57 0.00 -4593.29 -24076.12 -80.92 -26074.42 -8012.93 225.40 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 0.00 -1094.57 -100.00 -4593.29 -24076.12 -80.92 -26074.42 -8012.93 225.40 Equity 0.00 1572.97 0.00 1572.97 1572.97 0.00 1572.97 1572.97 0.00 PBIDTM(%) 0.00 15.27 0.00 0.79 -0.89 -189.42 -0.78 -2.61 -70.02
GTL has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
GTL has informed about the details of Voting results at the 28th Annual General Meeting (AGM) of the Company held on September 21, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizers Report.The above information is a part of company’s filings submitted to BSE.
GTL has informed about the standalone financial results & a copy of the limited review report for the period ended September 30, 2015.The above information is a part of company’s filings submitted to BSE.
GTL has informed that a meeting of the Board of Directors of the Company is scheduled to be held on October 29, 2015, to consider Unaudited Financial Results on standalone basis for the Quarter ended September 30, 2015 (Q2). Further, in compliance with Clause 36 of the Listing Agreement and in terms of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Company’s internal code of conduct for prevention of insider trading, the Trading Window for dealing in securities of the Company will remain closed for Directors / Officers and designated employees of the Company from October 20, 2015 till October 31, 2015.The above information is a part of company’s filings submitted to BSE.
GTL is currently trading at Rs. 11.82, up by 0.62 points or 5.54% from its previous closing of Rs. 11.20 on the BSE.The scrip opened at Rs. 11.75 and has touched a high and low of Rs. 12.55 and Rs. 11.75 respectively. So far 102646 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.45 on 05-Nov-2014 and a 52 week low of Rs. 10.10 on 07-Sep-2015.Last one week high and low of the scrip stood at Rs. 12.55 and Rs. 10.40 respectively. The current market cap of the company is Rs. 186.71 crore.The promoters holding in the company stood at 44.23% while Institutions and Non-Institutions held 25.50% and 30.26% respectively.GTL has decided to sell its operations, maintenance and energy (OME) management business to E2 Energy Services for Rs 850 crore. The board of directors of GTL have approved the proposed transaction subject to receipt of all necessary consents from regulatory authorities and lenders of the company. Upon conclusion of the transaction, the proceeds will be utilized by the Company to pay dues to the lenders. This forms part of the larger effort by the Company whereby it has proposed a one-time settlement offer to the lenders, which envisages the sale of its assets & investments in order to repay its dues.GTL, incorporated in 1987, is amongst the leading network services company. The company’s services are widely used by WiMax, CDMA, GSM, fixed line telecom carrier, OEMs and leading corporates across the world.
GTL has informed that on September 25, 2014, the Company had previously obtained the approval of the shareholders for execution of such deeds and documents that may result into sale of whole or substantially the whole of the undertaking of the Company including sale of any or all businesses of the Company. Further, by way a special resolution through postal ballot on September 30, 2015, the shareholders of the Company have accorded their approval for sale of Operations, Maintenance & Energy Management (‘OME’) business (part of Network Services) of the Company. In this context, IDBI Bank, the Monitoring Institution appointed under the CDR program for the Company, has allowed the Company to seek regulatory approvals for the sale of the OME business, subject to receipt of the final approvals of the lenders of the Company. Pursuant to the above, on September 30, 2015 the Board of Directors (‘Board’) of the Company approved by way of resolution passed by circulation, subject to receipt of all necessary consents from (i) any governmental / regulatory / judicial authorities; and (ii) the lenders of the Company, the sale of the OME business (part of Network Services) of the Company on a going concern basis by way of a slump sale to E2 Energy Services Pvt. Ltd. The aggregate consideration proposed to be received from sale of OME business will be about INR 850 Crore, subject to certain working capital adjustments, costs and charges. Upon conclusion of the transaction, the proceeds will be utilized by the Company to pay dues to the lenders. This forms part of the larger effort by the Company whereby it has proposed a one-time settlement offer to the lenders, which envisages the sale of its assets / investments in order to repay its dues.The above information is a part of company’s filings submitted to BSE.
GTL has informed about the details of voting results of Postal Ballot, under Clause 35A.The above information is a part of company’s filings submitted to BSE.
GTL has informed that the members of the Company will consider to approve the resolution, by way of Postal Ballot.The above information is a part of company’s filings submitted to BSE.
GTL has submitted to a copy of Newspaper Advertisement for Notice of Annual General Meeting dated September 23, 2015 & Notice of Postal Ballot.The above information is a part of company’s filings submitted to BSE.