Rolta’s first quarter revenue registers a 3% growth

Rolta’s first quarter revenue registers a 3% growth

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India: Rolta, a leading provider of innovative IP-led IT solutions for many vertical segments, including Defence and Security, today announced unaudited financial results for the quarter ended June 30, 2018 (Q1 FY – 19).

The consolidated revenue for Q1 FY-19 at Rs. 636.53 cr (Rs. 6.37 Billion) against Rs. 617.92 cr (Rs. 6.18 Billion) in Q4 FY-18, registering a growth of 3.0 % Q-o-Q; consolidated EBITDA for Q1 FY-19 at Rs. 200.22 cr (Rs. 2.00 Billion) against Rs. 92.23 cr (Rs 0.92 Billion) in Q4 FY-18, registering a growth of 117.1% Q-o-Q. And consolidated profit before tax for Q1 FY-19 at Rs. -35.79 cr (Rs. -0.36 Billion) against Rs. -135.30 cr (Rs. 1.35 Billion) in Q4 FY-18, registering a substantial improvement over last quarter.

Mr. K. K. Singh, Chairman and Managing Director said, “Our singular focus, IP led solutions strategy and investments have been concentrated in the area of Digital technologies. This is ensuring Rolta remains resilient, relevant and committed to driving innovation and helping organizations successfully embark on their Digital Transformation journey. These investments and innovation-led approach position us very well to continue gaining market share and delivering value for our customers.”