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GTL: Rupee impairs profits

Nov 23, 2004

Global Tele-systems Limited (GTL) had recently reported results for the quarter and half ending September 2004. While the company has reported decent topline growth for both the periods, bottomline for 2QFY05 has dipped on account of a sharp reduction in other income. Margins have also come under pressure.

GTL: Topline blues

Aug 4, 2003

GTL Limited has reported a sequential decline of 13% in its topline for 1QFY04. However, a substantial drop in tax liabilities has helped it to post a respectable 14% growth in profits. Notably, expenditure has shown a sequential decline of 14% and this has enabled the company to improve its operating margins for the quarter by 70 basis points.

GTL: Other income mars performance

Apr 17, 2003

GTL’s performance for 4QFY03 looks disappointing at the first glance. While revenues are up 21% QoQ, the net profit figure is up only 2%. This is due to the company incurring interest expenses in 4QFY03 of Rs 53 m and losses on account of adverse movement in foreign exchange rates. In 3QFY03 and in 4QFY03, the interest income was positive for the company.

Global tele: Bottomline disappoints yet again

Oct 28, 2002

GTL, the network engineering and IT services company, has announced disappointing bottomline figures for its September quarter. For 2QFY03, it has reported a seqeuential 35% fall in consolidated net profits. The consolidated topline has grown by a marginal 4%, on a QoQ basis. Not accounting for the other income and extraordinary item figures net profits have still declined by 16%. Fall in other income and jump in extraordinary items have further depressed net profits.

GTL: Other income takes toll

Jul 29, 2002

GTL Limited (erstwhile Global Tele Systems) has posted a 5% sequential decline in revenues for 1QFY03. The drop in net profits is significantly higher at 32%. However, this is due to a steep decline in other income and a tax reversal that inflated profits for 4QFY02.

Global Tele: Dull show

Apr 19, 2002

GTL Limited (erstwhile Global Tele) reported a 35% decline in topline for FY02. The net profits have declined by a steep 74% including extraordinary income of Rs 1,952 m in FY02. Excluding the extraordinary income the bottomline has declined by 57%, as last year’s extraordinary income was higher than in FY02. Falling sales in certain business segments have adversely impacted the financials of the company.

GTL: Tough times

Jan 25, 2002

GTL’s 3QFY02 financials mirror the tough times it is facing. Its revenues have declined by 3% sequentially and the net profit figure has decreased by 11% (excluding extraordinary income). However, this is due to sharp drop in other income and a significant rise in taxes. If the extraordinary income is considered, then the company’s bottomline has grown by 20%. On a YoY basis, the company’s financials look quite troubled. The topline has declined by 40% and the net profits have fallen by 63%, exc

GTL (Global Tele): The bad run continues

Oct 27, 2001

For 2QFY02, GTL has posted a sequential growth of 19% in topline and a dip of 11% in net profits due to declining margins. However, on a YoY basis the company has posted a 33% drop in revenues and a 67% decline in bottomline (excl. extra-ordinary items for FY01).

GTL: Transition phase

Oct 27, 2001

The past and introduction
Incorporated on December 23 1987, as a private limited company, Global Tele-Systems now GTL, had very modest beginnings. The company at that time was focused on hardware and services for telecommunications hardware. GTL went public in 1991 under the name Global Tele-Systems Limited. From just selling hardware the company graduated to implementation of network and started turnkey execution of projects for voice and data networks. The compan

IT enabled services: To the rescue

Oct 27, 2001

The need The Internet evolution has been a bane and a boon for corporates. While at one end the Internet has opened global markets for them, at the other it has also brought in global competition. The dynamics of global competition are speed in delivery and value for money. Thus, organisations are today faced with the task of delivering the best services & products at the lowest possible cost. The imperative for survival is cost leadership - get it done where it costs the least. However,

Global Tele: Slowdown takes toll

Jul 23, 2001

Global Tele has reported a 49% sequential drop in profits for the first quarter of FY02. The net profits have come down by 76%. This is considering an extra-ordinary income Rs 376 m in 4QFY01. Excluding this, the company's net profits have declined by 64%. On a YoY basis, Global's topline has grown by 6% and net profits have dipped by 13% (excl. extra-ordinary income of Rs 1,319 m). The operating margins for the company have declined by 820 basis points. This due to the decline in sales the comp

ERPS: Another extension

May 22, 2001

ERP (enterprise resource planning system) is one the most talked about product of the new economy or at least was till some time ago. Then came e-commerce and the focus shifted from inside the organisation to outside. The magic mantra was to get your SCM (supply chain management) and CRM (customer relationship management) software in place. The ERP companies responded to this with new products re-christened XRP (Extended ERP). Of course, the question is, what next? And the answer to this is ERPS

"In five years we want to be a services company that makes computing affordable".

May 4, 2001

Mr. Tirodkar in an interview with Equitymaster.com discussed the prospects of the IT industry in the country. He also talked about Global Tele's future strategy to dominate in the IT enabled services space.

Global Tele: Improving margins

Apr 18, 2001

Global Tele-Systems has clocked a growth of 23% in consolidated revenues (Global Tele plus Global Electronic Commerce Services) YoY. Of the total growth Global Tele grew by 20% and the Global Electronic Commerce (GECS) grew by a whopping 121%. This is due to the small base of GECS, whose size was Rs 359 m in FY00. The combined entity has shown a growth of 30% compared to the revenues of Global Tele for FY00. While the electronic commerce business has grown at very fast pace the companies other b

Global Tele FY01 net up by 90%

Apr 11, 2001

Global Tele has registered a topline growth of 26% compared to FY00. This net profit figure for FY01 includes an extraordinary income of Rs 1,976 m. The net profit figure for FY00 included an extraordinary income of Rs 1,192 m. Excluding the extraordinary items the growth in net profit is 116%.

Gobal Tele : Focus on software

Jan 24, 2001

Global Tele's 3QFY01 results have shown a drop in revenues of 2% compared to 2QFY01 and the drop in net profits is 43%. According to the company the drop in revenues is due to the seasonal nature of turnkey contracts in the area of software and engineering services. The net profit figure last quarter had a significant Rs 281 m as extra ordinary item exlcuding this the drop would have been 22%. What was disheartening was the fact that operating margins have taken a hit. The operating margins came

Global Tele - Net zooms…

Oct 17, 2000

Global Tele has reported a moderate topline growth. However, quarter on quarter the company has registered significant growth of 103%.

Global Tele: PAT zooms…

Oct 16, 2000

The growth in revenues was driven by its software and e-commerce services group, which reported a 145% growth in sales from Rs 244 m to Rs 597 m. The engineering services group has grown by 14.4% to Rs 442 m.

Global Tele: Business mix drives profitability

Jul 26, 2000

Global Tele Systems has recorded a sharp growth of over 150% in profits (before extra ordinary income) for the quarter ended 30th June 2000. The company has benefited from a 145% YoY growth in business generated from e-commerce, software and internet services. Engineering services recorded a growth of over 14%.

The Indian Internet revolution

Jul 1, 2000

REDF. To investors in the United States, this symbol represents just another dot.com. But for Indians, this marks a milestone. This symbol represents Rediff.com India Limited, the owners of India's most widely viewed portal – rediff.com. The company went public on the NASDAQ on 14th of June 2000. This may not surprise many readers, but the stock price nearly doubled on listing, despite the company having declared losses in excess of US$ 6.5 million in the year ended March 2000. Currently it quot


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