Companies posts profits
Two companies of the Secunderabad-based Goldstone group, Goldstone Teleservices Limited and Goldstone Technologies Limited reported a substantial jump in revenues and net profits in 2005-06 with Goldstone Teleservices (GTSL) posting a growth of 53.3 per cent growth of Rs.30.86 crores and a net profit of Rs.6.12 crores. GTSL, a telecom accessories and power distribution products manufacturer, recorded an income of Rs.13.89 in the fourth quarter of 2005-06 up by 27.50 per cent on year. It posted a net profit of Rs.4.74 crores in 2005-06.
Goldstone Technologies Limited, a multinational IT enabled Services Company, posted a consolidated net profit of Rs.2.82 crores on consolidated revenues of Rs.79.18 crores. The revenues were up by 64.48 per cent on year and the company recorded an income of Rs.7.73 crores in the fourth quarter of 2005-06 up by 75.68 percent.