GTL Ltd
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BSE Code:
500160
NSE Code:
GTL
Business Profile
Business Profile
GTL (GTL), headquartered in Mumbai, was incorporated in 1991 as a private company and was converted into a public company in 1991. It is a network services provider offering network engineering, managed services, process implementation solutions, and infrastructure management (managed services), converged network systems integration, process implementation solutions, and process fulfillment services. GTL has a workforce of around 3,600 and consists of nearly 3,200 associates working out of its global delivery nodes that include Colombo, Dubai, London, Mauritius, Mumbai, New York, Riyadh and Singapore.
GTL conducts its operations with its partners namely Oracle, Motorola, Ericsson, Nokia, Nortel Networks, Verint, Concerto Software, Alcatel, Entrust and smartBridges. Its customer base consists of international enterprises including Fortune 500 companies, telecom carriers, large non-profit entities, and public agencies. GTL operates through its wholly owned subsidiaries, namely IGTL Solutions, Singapore; iGTL Solutions (UK), IGTL Solutions (USA) Inc., iGTL Solutions (Australia), IGTL Solutions (Germany) GmbH, International Global Tele Systems, Mauritius.
GTL plans to foray into enterprise networks along with completing the implementation of turnkey projects for setting up contact centers. Also as part of its alliance with Oracle Inc., the company aims at furthering its middle-tier enterprise segment for their Oracle Enterprise Suite Hi. (ERP package).
Financials
The company disclosed a steep drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 33.91% to Rs 222.84 million from Rs 337.20 million in the same quarter previous year. Net sales declined marginally 5.63% to Rs 3,418 million, while total income for the quarter fell 6.75% to Rs 3,405.58 million, when compared with the prior year period. It posted earnings of Rs 2.36 a share during the quarter, registering 29.13% decline over prior year period.
Recent Developments
15-MAY-09
The company received multiple contracts valued at approximately Rs 3,240 million from Maharashtra State Electricity Distribution Co (MSEDCL).