GTL Infra posts Rs 88 cr loss for Apr-Jun quarter

Telecom tower company GTL Infrastructure today reported a net loss of Rs 88.87 crore for the April-June quarter this year due to rising finance cost and forex-related loss.

The company, which has a portfolio of over 30,000 telecom towers across the country, had reported a loss of Rs 85.16 crore for the same period last year.

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Total income of the company, however, rose to Rs 141.37 crore in the quarter under review, from Rs 139.85 crore in the same period last year, the company said in a filing to BSE.

Finance cost of the company rose to Rs 94.38 crore during the quarter, against Rs 86.90 crore in the year-ago period, according to the filing.

GTL Infra also suffered exchange related loss of Rs 12.87 crore in the period under review.

The operating profit before interest and exceptional items rose over eight-fold to Rs 18.38 crore in the April-June quarter this year, from Rs 2.05 crore in the year-ago period. Shares of the company closed marginally down at Rs 1.75 apiece on BSE.