GTL Q2 FY27 Share Price & Earnings Call Analysis

₹6.84+3.64% today
Market cap
₹108 Cr
Price to sales
0.48
Debt to equity
0.00
52W high / low
₹9.04 / ₹5.07
Sales growth (5Y)
0.31%
EBITDA margin
-18.39%
Net profit margin
-12.43%
Promoter holding
14.29%
Sales (last year)
₹229 Cr

Potential multibaggers · Q2 FY27

Potential multibaggers in Telecom - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Bharti AirtelGood growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Telecom - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹33,940 Cr39.1
240%+Flat₹3,060 Cr14.0
3Bharti Airtel20–40%Flat₹12.32L Cr39.5
420–40%Flat₹81,810 Cr44.3
520–40%Flat₹53,174 Cr42.0
620–40%Flat₹3,414 Cr11.4

Financials of GTL

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

GTL

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%
FIIs +0.38%0.43%0.42%0.20%0.16%0.07%0.00%0.00%0.03%0.01%0.10%0.00%
DIIs +10.26%10.26%10.26%10.26%10.26%10.26%8.39%8.39%8.39%8.39%8.39%8.39%
Public +75.06%75.01%75.03%75.24%75.27%75.36%77.31%77.32%77.27%77.32%77.20%77.31%
No. of Shareholders1,29,2311,42,1561,39,0351,53,1541,65,5411,68,0891,69,0091,66,5831,63,9161,62,7461,62,1451,61,408

Financials of GTL

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +47436663705170565555586060
YoY Sales growth+1%-5%+40%+37%+50%+17%+6%-12%-21%+8%-17%+8%+9%
Expenses +41343134447735407847846249
Operating Profit510353026-263516-238-25-212
OPM %11%22%53%47%37%-51%50%28%-41%15%-44%-3.2%19%
Other Income +693111150214-100610335200
Interest77889989899910
Depreciation1123333222212
Profit before tax6641361919-372619-43-3574322199
Tax %0%0%0%33%51%12%57%17%-8%0%-6%0%0%
Net Profit +664136139-421116-39-3609322199
EPS in Rs4.190.248.660.820.59-2.660.710.99-2.51-0.1738.7220.4812.65

Financials of GTL

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,3541,2401,221995219215221194186202254224234
Sales growth+8%-8%-2%-18%-78%-2%+3%-12%-4%+8%+26%-12%+1%
Expenses +1,7911,0521,2951,085462434163187205141189246241
Operating Profit-437188-74-90-243-219587-196064-22-7
OPM %-32%15%-6%-9%-111%-102%26%3.5%-10%30%25%-10%-3.2%
Other Income +224-1,94434-2,50220123545210618486131,145
Interest46556054719171921232629343638
Depreciation1249847175554451277
Profit before tax-801-2,413-635-2,628-245-2316743257211275471,092
Tax %0%-2%-1%-0%0%0%0%0%0%0%131%-6%
Net Profit +-801-2,374-630-2,628-245-2316743257211-85831,128
EPS in Rs-50.94-150.91-40.04-167.05-15.56-14.664.2727.463.6413.40-0.5337.0371.68
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of GTL

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital157157157157157157157157157157157157157
Reserves-781-3,212-3,842-6,469-6,714-6,945-6,878-6,446-6,389-6,179-6,187-5,603-5,081
Borrowings +2,9761141271411571746,5626,0936,0675,7845,6394,8904,359
Other Liabilities +3,6486,4686,8776,6636,7106,878356414423443496689698
Total Liabilities6,0003,5283,320492310265197219258205105132133
Fixed Assets +2401409983797976745130161623
CWIP1000000000000
Investments3,6162,2342,1233371845151000000
Other Assets +2,1441,1531,09772471357014420717590116111
Total Assets6,0003,5283,320492310265197219258205105132133

Financials of GTL

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +32410810112891102632918175198166
Cash from Investing Activity +17247000-1463119180-7-2
Cash from Financing Activity +-413-120-79-209-102-103-64-492-134-355-191-161
Net Cash Flow-711328-80-11-1-1-03003
Free Cash Flow30410798126911026227136354186161
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-65%61%-145%-133%-38%-49%117%313%-88%281%315%-778%

Financials of GTL

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6041300000376539210
Inventory Days1500000
Days Payable838
Cash Conversion Cycle-76341300000376539210
Working Capital Days-920-1,752-1,920-2,424-11,116-11,570-11,003-11,613-11,857-10,450-8,224-8,376
ROCE %-10%

What GTL's management said in earlier quarters

Others in Telecom - Services this season

  • GTL Infrastructure (Q2 FY27)

    EBITDA for the quarter ended September 30, 2026, is ₹9,902 lakhs, a 17.9% decline year-on-year. Key results statement takeaways from GTL Infrastructure Ltd's Q2

  • Bharti Airtel (Q2 FY27)

    Total consolidated revenues for the quarter ended Sep-26 were Rs 608,775 Mn, a 17% year-on-year (YoY) increase from Rs 521,454 Mn in Sep-25. Key results stateme

  • Bharti Hexacom (Q2 FY27)

    Total revenues for the quarter ended Sep-26 were Rs 25,818 Mn, an 11% year-on-year (YoY) increase from Rs 23,173 Mn in Sep-25 (Page 11, 17). Key results stateme

  • Suyog Telematics (Q2 FY27)

    Revenue from Operations for Q2’FY27: INR 717.0 Mn, a 2.8% year-on-year (YoY) increase from INR 697.3 Mn in Q2’FY26. Key investor presentation takeaways from Suy