Roltas consolidated revenue grows 55.4%, net profit 44.3%

Roltas consolidated revenue grows 55.4%, net profit 44.3%


Mumbai: Rolta India Limited, an IT company that specializes in GeoSpatial Information Systems (GIS), Engineering Design Automation (EDA) and Enterprise Information and Communication Technology (EICT), today announced unaudited financial results for the third quarter ended 31March, 2008.

Consolidated revenue for the quarter increased to Rs2,883.7 mn as against Rs1,855.9 million in corresponding quarter of the previous year, a year-on-year growth of 55.4% and quarter-on-quarter (Q-o-Q) growth of 19.3%.

Consolidated profit after tax for quarter ended 31March, 2008 showed robust year-on-year (y-o-y) growth of 44.3 % to Rs657.2 mn, as against Rs455.4 mn in the corresponding quarter of the previous year, and Q-o-Q growth of 9.1%.

Consolidated basic earnings per share adjusted for the issue of bonus shares at 1:1 in January 08, was Rs4.1 for the quarter ended 31March, 2008 as against Rs2.8 in the corresponding quarter last year.

The company’s internal operations are being strengthened by implementing a comprehensive ERP solution that covers all business units worldwide. The first phase of the implementation was successfully completed during the quarter.

In the GeoSpatial Information Systems (GIS) segment, Rolta won large orders from nodal agencies and power distribution companies in India and it cotinues to win and execute defense contracts. In international markets, it was awarded large contracts by telecom and utility majors.

It made strides in growing its e-security and network management business in partnership with CA. Also its Oracle technology and applications business showed significant growth.