GTL
GTL financials
- Market cap
- ₹114 Cr
- Sector
- Telecommunication
What GTL Limited does
GTL Limited is a Network Services company that addresses the network life-cycle needs of telecom operators and tower companies. It offers Network Operations and Maintenance (corrective/preventive maintenance, capex sizing and planning, remote monitoring and trouble-ticketing, technical support) and Energy Management (technical audits, energy-utilization monitoring, driving energy-efficient equipment and alternate energy sources) for telecom sites. The company currently operates a single reportable segment, "Network Services", and its only customer is GTL Infrastructure Limited (GIL), an IP-1 licensed tower company, to which it provides these services under a limited-term contract.
Segments
- Network Services
- Reportable business segments
- 1 (Network Services)
- Customer base
- 1 (GTL Infrastructure Ltd)
- Workforce (incl. contract employees)
- 1,544 (as of Mar 31, 2025)
- Service lines
- 2 (Network O&M; Energy Management)
Quarterly results
Q1 FY27: revenue up 7.1%, net profit up 1912.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 70 | 51 | 70 | 56 | 55 −21% | 55 +8% | 58 −17% | 60 +7% |
| EBITDA | 26 | -26 | 35 | 16 | -23 −188% | 8 +131% | -25 −171% | -2 −112% |
| Net profit | 9 | -42 | 11 | 16 | -39 −533% | -3 +93% | 609 +5436% | 322 +1913% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.0% 1Y
1Y: ₹9.28 on 10 Sept 2025 → ₹7.24. High ₹10.64 (18 Sept 2025), low ₹5.07 (30 Mar 2026).
Financials, as filed
Revenue grew 0.9% a year over 4 years, FY20 to FY26. Operating margin widened to -10.7%.
| Year ending | FY20 | FY21 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹216 Cr | ₹221 Cr | ₹202 Cr | ₹254 Cr | ₹224 Cr |
| Operating profit | ₹-305 Cr | ₹26 Cr | ₹61 Cr | ₹65 Cr | ₹-24 Cr |
| Operating margin | -141.2% | 11.8% | 30.2% | 25.6% | -10.7% |
| Interest | ₹20 Cr | ₹20 Cr | ₹29 Cr | ₹34 Cr | ₹35 Cr |
| Depreciation | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹12 Cr | ₹8 Cr |
| Net profit | ₹-29 Cr | ₹45 Cr | ₹211 Cr | ₹-9 Cr | ₹583 Cr |
| Net margin | -13.4% | 20.4% | 104.5% | -3.5% | 260.3% |
| Cash from operations | ₹102 Cr | ₹63 Cr | — | — | — |
| Free cash flow | ₹102 Cr | ₹62 Cr | — | — | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|---|
| Equity capital | ₹157 Cr | ₹157 Cr | ₹157 Cr | ₹157 Cr | ₹157 Cr | ₹157 Cr |
| Reserves | ₹-3.2k Cr | ₹-3.8k Cr | ₹-6.5k Cr | ₹-6.7k Cr | ₹-6.9k Cr | ₹-7.3k Cr |
| Borrowings | ₹114 Cr | ₹127 Cr | ₹141 Cr | ₹157 Cr | ₹174 Cr | ₹6.6k Cr |
| Other liabilities | ₹6.5k Cr | ₹6.9k Cr | ₹6.7k Cr | ₹6.7k Cr | ₹6.9k Cr | ₹788 Cr |
| Total liabilities | ₹3.5k Cr | ₹3.3k Cr | ₹492 Cr | ₹310 Cr | ₹265 Cr | ₹261 Cr |
| Fixed assets | ₹140 Cr | ₹99 Cr | ₹83 Cr | ₹79 Cr | ₹79 Cr | ₹77 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹2.2k Cr | ₹2.1k Cr | ₹337 Cr | ₹184 Cr | ₹51 Cr | ₹51 Cr |
| Other assets | ₹1.2k Cr | ₹1.1k Cr | ₹72 Cr | ₹47 Cr | ₹135 Cr | ₹133 Cr |
| Total assets | ₹3.5k Cr | ₹3.3k Cr | ₹492 Cr | ₹310 Cr | ₹265 Cr | ₹261 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.11 pp while FIIs added +0.10 pp. The shareholder count shrank 4% to 1,62,145.
- Promoters
- 14.3%
- FIIs
- 0.1%
- DIIs
- 8.4%
- Public
- 77.2%
Since Jun 2025
- Public −0.11 pp
- FIIs +0.10 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 74.0% to 77.2% — +3.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 14.3%, FIIs 0.4%, DIIs 11.3%, Public 74.0%.Dec '23: Promoters 14.3%, FIIs 0.4%, DIIs 10.3%, Public 75.1%.Mar '24: Promoters 14.3%, FIIs 0.4%, DIIs 10.3%, Public 75.0%.Jun '24: Promoters 14.3%, FIIs 0.4%, DIIs 10.3%, Public 75.0%.Sep '24: Promoters 14.3%, FIIs 0.2%, DIIs 10.3%, Public 75.2%.Dec '24: Promoters 14.3%, FIIs 0.2%, DIIs 10.3%, Public 75.3%.Mar '25: Promoters 14.3%, FIIs 0.1%, DIIs 10.3%, Public 75.4%.Jun '25: Promoters 14.3%, DIIs 8.4%, Public 77.3%.Sep '25: Promoters 14.3%, DIIs 8.4%, Public 77.3%.Dec '25: Promoters 14.3%, FIIs 0.0%, DIIs 8.4%, Public 77.3%.Mar '26: Promoters 14.3%, FIIs 0.0%, DIIs 8.4%, Public 77.3%.Jun '26: Promoters 14.3%, FIIs 0.1%, DIIs 8.4%, Public 77.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Anand Shankarrao Utture +0.19 pp 1.47% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GTL Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Global Holding Corporation Private Limited | 14.29% | unchanged |
| Union Bank Of India Bank | 4.80% | unchanged |
| Canara Bank-Mumbai Bank | 2.09% | unchanged |
| Anand Shankarrao Utture | 1.47% | +0.19 pp |
| Uco Bank Bank | 1.18% | unchanged |
| Mr. Manoj G. Tirodkar | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse GTL Limited
Guides on how to read this kind of business and the numbers that matter.