Rolta India reports 13 per cent up net profit

Rolta India is a company that provides geospatial and enterprise IT solutions for the Defense, Homeland Security, Government, Utilities & Communications,Transportation, Process and Power and Financial Services sectors. Rolta serves these markets by providing innovative solutions - Enterprise Geospatial and Defense Solutions (EGDS), Engineering Design and Operation Solutions (EDOS) and Enterprise IT Solutions (EITS).

Recently, Rolta announced its first quarter FY16 result, Consolidated Revenue for Q1 FY16 stood at Rs 983.40 crore against Rs 946.14 crore in Q4 FY-15, registering a Q-o-Q growth of 3.9 per cent. Enterprise Geospatial & Engineering Solutions segment revenue decreased by 13.46 per cent to Rs 192 crore, System Integration & Enterprise IT Solutions rose by 9.27 per cent to Rs 719.3 crore on sequential basis.

Consolidated EBITDA for Q1 FY16 stood at Rs 307.51 crore as against Rs 310 crore in Q4FY15, registering a Q-o-Q decline of 1 per cent. EBITDA margin contracted by 156 basis points to 31.27 per cent.

Rolta's other income reduced by 19.9 per cent, finance cost increased by 6 per cent to 108.15 crore Q-o-Q basis. Consolidated profit after exceptional item and tax for Q1 FY16 stood at Rs 40.72 crore as against Rs 36.01 crore in Q4 FY-15, registering a Q-o-Q growth of 13.1 per cent.

Mr. K. K. Singh, Chairman and Managing Director said, “The transformation of our business model to an Intellectual Property (IP) based one has progressed very well and we continue to increasingly monetize our investments. Rolta IP is getting accolades and awards from premier industry bodies, while also gaining high traction amongst the world’s leading organizations. Similarly, in Indian Defence our credibility due to our indigenous IP remains very high, with Rolta being invited to bid for all multi-billion dollar ‘Make India’ projects .”

FII holding rose by 73 basis points to 13.67 per cent, DII holdings increased by 4 basis points to 2.54 per cent.