Rolta’s FY-13 consolidated revenue grows 19.1%

Rolta’s FY-13 consolidated revenue grows 19.1%

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India: Rolta India Limited has announced audited financial results for quarter, and the full year ended June 30, 2013. The company has posted a growth of 19.1% for FY-13.

Rolta’s business model is based on the specialised knowledge in the domains of Information Technology, Geospatial, Engineering, and Defense & Security. It is coupled with Rolta’s own intellectual property. According to the financial report, Rolta’s consolidated revenue for Q4 FY-13 stands at INR 6.12 billion ($0.09 billion) against INR 5.70 billion ($0.08billion) in Q3 FY-13, registering a sequential growth of 7.4% & and Y-o-Y growth of 37.5%. Consolidated EBITDA for Q4 FY-13 has reached INR 2.27 billion ($0.03 billion) against INR 2.19 billion ($0.03 billion) in Q3 FY-13, registering a sequential growth of 3.8% and Y-o-Y decline of 6.5%. Consolidated profit after tax (excluding exceptional item) for Q4 FY-13 stands at INR 1.08 billion ($0.02 billion) against INR 0.73 billion ($0.01 billion) in Q3 FY-13, registering a sequential growth of 47.3% and Y-o-Y growth of 125.7%. Consolidated revenue for the twelve months of FY-13 stands at INR 21.79 billion ($0.32 billion) against INR 18.29 billion ($0.27 billion) in FY-12, registering a Y-o-Y growth of 19.1%. Consolidated EBITDA for the twelve months of FY-13 reached INR 8.74 billion ($0.13 billion) against INR 8.07 billion ($0.12 billion) in FY-12, registering a Y-o-Y growth of 8.3%. Consolidated profit after Tax (excluding exceptional item) for the twelve months of FY-13 stands at INR 3.15 billion ($0.05 billion) against INR 2.42 billion ($0.04 billion) in FY-12, registering a Y-o-Y growth of 29.8%. During the fourth quarter of FY-13, as a matter of prudence and to align depreciation policy with the current replacement cycle taking into consideration various factors such as technology up-gradation and industry best practices, Rolta has revised estimated useful life of all assets.

Source: rolta.com