Gujarat Toolroom bags new order worth Rs 290 million
Earlier, Gujarat Toolroom Limited (GTL), a prominent player in the industrial and mining sectors, announced a sales figure of Rs 131 crores.
Gujarat Toolroom Limited (GTL) has informed exchanges that it has secured a substantial order worth Rs 290 million. According to the company, the recent order from Reliance Industries is poised to have a significant impact on GTL's bottom line.
Earlier, Gujarat Toolroom Limited (GTL), a prominent player in the industrial and mining sectors, announced a sales figure of Rs 131 crores.
Moreover, the company witnessed a surge in operating profit, reaching Rs 16 crores and a considerable increase in net profit, soaring to Rs 14 crores.
Also, GTL has reported improvement in tax efficiency, with the tax percentage decreasing from 25 per cent to 8 per cent compared to the previous quarter.
The company's earnings per share (EPS) saw a significant rise to Rs 2.58.
Gujarat Toolroom Limited (GTL), which recently forayed into the mining sector, recently announced a substantial enhancement in revenue outlook as it executes an order worth Rs 55 crore. It has acquired 6 hectares of mines in Zambia.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.