GTL INFRA.LTD

Operates in the telecom infrastructure segment, providing passive infrastructure services such as tower sites and related shared facilities to telecom operators in India. In FY26, revenue from operations was ₹1,37,197 lakhs, up roughly 2% from ₹1,34,407 lakhs in FY25. The reported net profit of ₹77,926 lakhs — a turnaround from a loss of ₹87,515 lakhs in FY25 — was driven almost entirely by exceptional items of ₹1,19,823 lakhs, comprising ₹93,496 lakhs from One Time Settlements with lenders and ₹26,327 lakhs from reversal of vendor dispute provisions; before these one-time items the company still posted a loss of ₹41,697 lakhs for the year. The cost stack is dominated by other operating expenses at 69% of revenue and depreciation at 17.3%, with employee cost at 6.6% and no material input cost line, consistent with an asset-rental model. Finance costs were ₹56,321 lakhs in FY26 (down from ₹92,851 lakhs as the company stopped accruing interest on settled borrowings), and the company continues to carry negative equity, with the auditor flagging material uncertainty around the going-concern assumption pending resolution of remaining lender settlements. Recent activity has centred on debt restructuring and a CBI FIR quashed by the Bombay High Court, rather than on operational expansion.