Telecom infrastructure company, GTL infrastructure posted a net loss of Rs 1.4 crore in third quarter ended December 31, 08, which is less than total losses suffered by the company in the same period last year. The company had posted a net loss of Rs 16 crore in the third quarter last year.

Tax provisions and tight financial conditions impacted its business leading to decline in net profit. However, the company expressed satisfaction over its performance and said that it would chalk out new business strategy to improve its working efficiency.

Total income of company increased to Rs 75.47 crore in the reporting period which is 67.41 per cent more than the income recorded in the same period last year.

Company's other income stands at around Rs 7 crore which contributed to increase total income for the quarter. GTL infrastructure also saw increase in operating profit which stands at Rs 29.56 crore. The operating profit of company was Rs 19.64 crore in the same period last year.

Shares of company closed at Rs 29.20 in the recent trading of Bombay Stock Exchange.