GTL, Gujarat Toolroom Limited, has made an announcement to the exchanges, revealing the acquisition of a significant contract valued at Rs 290 million. This agreement with Reliance Industries is anticipated to wield an influence on GTL’s financial performance, promising to bolster its bottom line considerably.
Prior to this development, GTL, a prominent contender in the realms of industrial and mining operations, unveiled a robust sales figure of Rs 131 crores. Additionally, the company experienced a marked upsurge in its operating profit, surging to Rs 16 crores, accompanied by a noteworthy escalation in net profit, which soared to Rs 14 crores.
Moreover, GTL disclosed an improvement in its tax efficiency metrics, with the tax percentage witnessing a noteworthy decline from 25 per cent to a mere 8 per cent in comparison to the previous quarter. Furthermore, the company’s earnings per share (EPS) registered a notable ascent, reaching Rs 2.58.
Furthermore, Gujarat Toolroom Limited (GTL), in its recent diversification into the mining sector, has made significant strides in its revenue projections with the execution of an order valued at Rs 55 crore. Notably, GTL has expanded its operational footprint by acquiring 6 hectares of mining assets.
Gujarat Toolroom Limited (GTL) is a renowned tool and die-making company located in Vadodara, Gujarat, India. Established in 1980, GTL has been a pioneer in providing high-quality tooling solutions for various industries, including automotive, aerospace, and consumer goods.
The company’s state-of-the-art facility is equipped with advanced machinery and skilled personnel, enabling it to deliver precision tools and dies that meet international standards. GTL’s commitment to innovation, quality, and customer satisfaction has earned it a reputation as a trusted partner for tooling solutions.
Reliance Industries Limited (RIL) is one of India’s largest conglomerates, with business interests spanning petrochemicals, refining, oil and gas exploration, telecommunications, and retail. Founded by Dhirubhai Ambani in 1966, RIL has grown into a global powerhouse, with operations in over 50 countries.
The company is known for its relentless focus on innovation, efficiency, and customer satisfaction, which has helped it become a leader in several industries. RIL’s commitment to sustainability and social responsibility has also been a key pillar of its success, making it a respected name both in India and internationally.
