GTL Infrastructure Q1 Results Revenue Decreases 12.07% QoQ and 5.79% YoY

GTL Infrastructure Growth Overview

GTL Infrastructure Q1 Results: For GTL Infrastructure's Q1 financial results, the company experienced mixed changes. Their Total Revenue was ₹332.20 crores, which is a drop of 5.79% from the same quarter last year and a bigger decrease of 12.07% from the previous quarter. The Selling/General/Admin Expenses were ₹24.92 crores, showing a significant increase of 293.68% compared to last year, but a decrease of 15.53% from the previous quarter. 

GTL Infrastructure’s Depreciation/Amortization costs fell by 26.07% compared to last year but were still high, down 49.15% from the previous quarter. Other Operating Expenses decreased slightly by 1.72% year-over-year and by 15.31% from the previous quarter.

GTL Infrastructure’s Total Operating Expenses dropped by 6.78% compared to last year, and even more sharply by 66.72% from the previous quarter. Operating Income, the profit from operations, turned positive at ₹12.57 crores compared to a large loss previously, though it’s down by 76.41% from last year. 

GTL Infrastructure’s Net Income also improved, but the company still reported a loss of ₹202.06 crores, which was better than the previous quarter’s loss but worse compared to last year. The Diluted Normalized EPS (earnings per share) decreased slightly from the previous quarter but improved significantly year-over-year, showing some recovery.

Here’s the quarterly financial summary for GTL Infrastructure for Q1:

Source: Here 

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GTL Infrastructure Q1 Results

GTL Infrastructure financial results for the quarter ending June 30, 2024, show that the company earned a total of Rs. 33,712 crore from its operations and other sources. However, their total expenses were much higher at Rs. 53,918 crore, leading to a loss of Rs. 20,206 crore before taxes. After accounting for tax expenses, the company reported a net loss of Rs. 20,206 crore. In addition, the company's total comprehensive income, which includes all other comprehensive income items, was a loss of Rs. 20,209 crore. This means the company faced significant financial challenges during this period.

When compared to the previous quarter (March 31, 2024), the company also reported a loss but slightly lower at Rs. 21,472 crore, with a total comprehensive income loss of Rs. 21,485 crore. The same quarter in the previous year (June 30, 2023) showed a lower loss of Rs. 10,250 crore and a total comprehensive income loss of Rs. 10,312 crore. For the full year ending March 31, 2024, the company’s total loss was Rs. 68,136 crore, with a comprehensive loss of Rs. 68,174 crore. This demonstrates a significant downturn in financial performance across these periods.

Here's a simplified overview of GTL Infrastructure financial results for the quarter ended June 30, 2024:

GTL Infrastructure Financial Metrics

The table provides key financial details for GTL Infrastructure. The company's market capitalization, which represents the total value of all its shares, is ₹3,343 Crores. The current price of one share is ₹2.61, with a high of ₹4.35 and a low of ₹0.70 over a certain period. The book value of the company's shares is ₹-3.97, indicating negative equity per share. The dividend yield is 0.00%, meaning the company doesn't pay dividends to shareholders. 

Here's a summary of the financial information you provided:

Quarterly Results 

The table shows the quarterly financial results for GTL Infrastructure over several periods. It includes key figures like sales, expenses, operating profit, and net profit. For example, in December 2023, the company made Rs. 338 crores in sales but had expenses of Rs. 263 crores, leading to an operating profit of Rs. 75 crores. By March 2024, sales slightly decreased to Rs. 331 crores, with expenses rising to Rs. 291 crores, resulting in a lower operating profit of Rs. 40 crores. 

Here’s the data for December 2023, March 2024, and June 2024:

(Standalone Figures in Rs. Crores)

About GTL Infrastructure 

GTL Infrastructure is a major player in India’s telecom industry. They are known for their work in shared passive telecom infrastructure, meaning they build and own telecom towers that different mobile network companies use. This system helps these companies save money and focus their spending on their main services instead of building their own towers. GTL Infra has about 26,000 towers spread across all 22 telecom regions in India, making it the largest independent telecom tower company in the country.

GTL Infrastructure business model involves long-term agreements with telecom operators, typically lasting between 5 to 15 years. These agreements provide GTL Infra with steady income while allowing telecom companies to convert their large upfront costs into more predictable, ongoing expenses. The company’s goal is to support the vision of a connected India, helping people stay in touch through a modern network of towers. 

GTL Infrastructure is also involved in important government projects, such as improving telecom services in rural areas and sharing towers among different mobile operators. It is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and is officially recognized as an ‘Infrastructure Provider Category 1 (IP-1)’ by the Indian government.