GTL Infrastructure Ltd. reported its financial results for the quarter ended September 30, 2024. The company recorded a net loss of ₹214.05 crore for Q2 FY25, marking a substantial increase from the net loss of ₹169.53 crore reported in the same period last year.
Revenue from operations for the quarter stood at ₹336.38 crore, a 4% decline compared to ₹350.77 crore in Q2 FY24. On a half-yearly basis, the company’s revenue amounted to ₹668.58 crore for the six months ending September 30, 2024, down from ₹703.39 crore in the previous year. The net loss for the half-year period widened to ₹416.13 crore, compared to ₹272.03 crore in the same period last year.
The results indicate a challenging quarter for GTL Infrastructure, with revenue declines and widening losses impacting its financial performance.