ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Global Tele Systems, Videocon Appliances, Mangalore Chemicals and Fertilisers

GLOBAL TELE SYSTEMS Laudable Growth The 13-year old, Rs 630-crore Global Tele Systems (GTSL) has achieved laudable growth in terms of size and quality and both domestically and internationally. All the major performance indicators bear testimony to this. Illustratively, in the last three years, the total income of the company has increased by 1.3 times from Rs 477 crore in 1997-98 to Rs 630 crore in 1999-2000.The share of other income (OI) has been marginal indicating genuine operational growth. PAT growth has been unimpeded from 45.9 per cent in 1997-98 to 57.4 per cent in 1998-99 and further to 78.9 per cent in 1999-2000. Reduced borrowings have resulted in savings in interest cost and lower gearing. Although, return on net worth declined from 31.3 per it was mainly due to the increase

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