GFL Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of GFL Limited has approved the financial results for the quarter and half-year ended 30th September 2024. The total revenue from operations stood at ₹166 crore, while the profit before tax was recorded at ₹(3,252) crore, primarily driven by a significant deferred tax liability remeasurement charge of ₹3,386 crore due to recent tax rate changes on long-term capital gains. Following these results, the company reported a net loss of ₹(6,187) crore for the half-year. Key insights from the financials reveal challenges in profitability amid evolving tax regulations.