GTL Infrastructure returns to profit in 3Q FY2026 with ₹19.6m net income; 9M loss narrows to ₹406m as finance costs fall
Summary:
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For the quarter ended 31 December 2025, GTL Infrastructure posted total income of ₹3,587.6m and total expenses of ₹3,391.8m, yielding a profit before tax and after exceptional items of ₹195.8m versus a ₹2,101.5m loss a year earlier; quarterly EPS was ₹0.01, up from a ₹0.16 loss.
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9M FY2026 revenue rose slightly to ₹10,416.1m (9M FY2025: ₹10,070.5m), but higher finance costs kept total expenses at ₹14,799.5m; the 9‑month loss before tax improved to ₹4,063.1m from ₹6,262.6m, with EPS at a ₹0.31 loss versus ₹0.48 previously.
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Finance costs for 9M dropped to ₹5,444.8m from ₹6,906.3m and balances written off/provisions swung to a ₹135.9m credit from a ₹222.9m charge, helping offset infrastructure O&M, depreciation and other operating costs.
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The company has stopped accruing further interest on certain borrowings from 3Q after securing one‑time settlement/negotiated settlement terms with key lenders; outstanding debt under these OTS/NS arrangements no longer carries interest pending final resolution, and lenders have agreed to pursue bilateral settlements on a first‑come‑first‑served basis.
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Despite continued cumulative losses and a fully eroded net worth, the board continues to prepare accounts on a going‑concern basis, assuming future cash flows from tower operations and lender settlements, while auditors flag a material uncertainty over going concern and highlight the non‑accrual of additional interest as key emphasis‑of‑matter points.