From correspondents in Maharashtra, India, 09:04 PM IST
GTL Infrastructure Limited (BSE: 532775, NSE: GTLINFRA), the pioneer in Shared Passive Telecom Infrastructure in India, announced unaudited results of the Company for the quarter ended June 30, 2008.
Results for the quarter ended June 30, 2008
Revenue for the quarter ended June 30, 2008 stood at Rs.45.77 Crores as against Rs. 17.94 Crores for the corresponding quarter in the previous year, registering a Y-o-Y growth of 155%
Operating Profit for the quarter ended June 30, 2008 stood at Rs. 22.72 Crores (50% of the Revenue) as against Rs. 7.61 Crores (42% of the Revenue) for the corresponding quarter in the previous year, recording a Y-o-Y growth of 198%.
The cost of Infrastructure Operation & Maintenance (Net) is Rs. 11.73 Crores (26% of revenue), Employee’s cost is Rs. 4.21 Crores (9% of revenue) and other expenses (Net) is Rs. 7.10 Crores (15% of revenue). During the quarter ended June 30, 2008, the Company incurred interest and finance charges (net) of Rs. 15.16 Crores. The depreciation for the quarter was Rs. 29.61 Crores. The Depreciation impact on the results is high on account of the capital intensive nature of the business. Other income during the quarter was Rs. 0.49 Crores.
Operations Outlook:
During the quarter the Company established its presence in Himachal Pradesh circle. With this GTL Infra now has spread its tower Network across 16 Telecom circles viz. Maharashtra & Goa, Gujarat, Madhya Pradesh, Rajasthan, Karnataka, Kolkata, UP (E), Punjab, West Bengal, UP (W), Haryana, Bihar, Andhra Pradesh, Orissa, Tamil Nadu and Himachal Pradesh.
The tower portfolio of the company consists of 6,360 towers, which are at various stages of completion
The company has seven leading Telecom operators and one WiMAX operator as tenants on its towers. The contracts are typically for a period of 10-15 years.
Awards:
GTL Infra has been recognized as the ‘Best Shared Infrastructure Provider’ by tele.net (A leading Telecom magazine) and has also been rated the ‘Top Independent Infrastructure Provider’ by Voice & Data (A leading Telecom magazine).
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