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Rolta eyes 12-15 percent growth in current fiscal

India: For this year (July 2011-June 2012), Rolta has given a guidance of 12-15 percent top-line growth. The company will be able to achieve that, said KK Singh, Chairman and Managing Director of Rolta in an interview with CNBC-TV18. Recently, the company reported a sales turnover of INR 400.20 crore and a net profit of INR 80.78 crore for the quarter ended September 2011. This is the first quarter for the company. For the quarter ended Jun 2011, the sales turnover was INR 393.46 crore and net profit was INR 102.96 crore.

During the interview, Singh opined, “In our traditional sectors — defence and homeland security—we are right now in advance stages of large deals. That should be materialising in next one or two quarters. In Middle East, very large GIS related business should be panning out. In the business intelligence and OneView related business, we are looking into US and Middle East. That should also pan out very well into the coming quarters. So, we are quite bullish that we will be able to meet or exceed our guidance.”

According to Singh, Rolta’s business model is becoming more solution oriented. It means more IP oriented business. IP oriented means better margins for the company. And that is where the company has made all the investments in the last three or four years.

About another acquisition, Singh stated, “We are looking for very key technologies which we want to keep acquiring. Those companies are not really large in size but they bring very special technology which enables us to provide the kind of solution we want to provide in defence and homeland security environments. So, we are working on that. We continue to do that. We finished the last acquisition just three months back. I think in this year also we will look forward to do couple of that kind.”

Source: CNBC-TV18