Stock Report

GTL registers a PAT growth of 282% on Y-o-Y basis, recommends 25% dividend



Posted On : 2007-04-25 05:11:35( TIMEZONE : IST )

GTL registers a PAT growth of 282% on Y-o-Y basis, recommends 25% dividend

GTL Ltd has announced the results for the quarter & year ended (nine months) March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007: The Company has posted a profit after tax of Rs 255.40 million for the quarter ended March 31, 2007 as compared to Rs 48.60 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1271.60 million for the quarter ended March 31, 2006 to Rs 3252.00 million for the quarter ended March 31, 2007.

The Audited results for the year ended (nine months) March 31, 2007: The Company has posted a net profit after tax of Rs 430.30 million for the year ended (nine months) March 31, 2007 as compared to Rs 238.90 million for the year ended March 31, 2006. Total Income has increased from Rs 4009.70 million for the year ended March 31, 2006 to Rs 6847.00 million for the year ended (nine months) March 31, 2007.

The results for the year ended March 31, 2006 are Unaudited.

The Unaudited consolidated results for the Quarter ended March 31, 2007: The Group has posted a net profit after tax of Rs 283.90 million for the quarter ended March 31, 2007 as compared to Rs 74.30 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1820.70 million for the quarter ended March 31, 2006 to Rs 3899.00 million for the quarter ended March 31, 2007.

The Audited consolidated results for the year ended (nine months) March 31, 2007: The Group has posted a net profit after tax of Rs 674.30 million for the year ended (nine months) March 31, 2007 as compared to Rs 302.50 million for the year ended March 31, 2006. Total Income has increased from Rs 5653.00 million for the year ended March 31, 2006 to Rs 9178.10 million for the year ended (nine months) March 31, 2007.

The consolidated results for the year ended March 31, 2006 are Unaudited.

The company has recommended a Dividend of Rs 2.50/- Per Share on Equity Share Capital for the financial year ended March 31, 2007.

The stock closed the day at Rs.185.65, up by Rs.6.65 or 3.72%. The stock hit an intraday high of Rs.198.05 and low of Rs.176.30. The total traded quantity was 6421052 compared to 2 week average of 864716.

Source : Equity Bulls

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