Network services provider GTL has posted a 27% growth in quarterly net profit in the March quarter, helped by a robust growth in revenues from international operations and forex gain. It reported Rs 44-crore net profit in the March quarter. Revenues, during the period, grew by 10% to Rs 625 crore.

The company’s board has proposed a dividend of Rs 3 per share for FY10.

GTL, whose clients include Ericsson, Nokia Siemens Networks and Alcatel Lucent, earned Rs 214-crore revenues from international sales. This is up 34% over the same quarter of FY09. Its income from other operations due to forex gains improved 170% to Rs 28 crore, according to a company statement.

For FY10, GTL’s net profit was up 50% to Rs 206 crore. Consolidated revenues, including those from the Middle East, Africa, Europe and North America, were Rs 2,237 crore, a growth of 15% over FY09. The company has presence in 46 countries. It has an orderbook of Rs 4,223 crore, of which projects worth Rs 3,378 crore will be executed in India.

The total manpower of GTL increased to 7,066 as on March 31, 2010, against 5,942 in the corresponding year-ago period.