Rolta posts good set of numbers in Q2
Manjiri Meshram / 10 Nov 2015
Rolta India recently announced financial results for quarter ending September 30, 2015 (Q2 FY16). Its consolidated Revenue for Q2 FY16 stood at Rs.989.59 crore as against Rs.983.40 crore in Q1 FY16, which registered a Q-o-Q growth of 0.6 per cent.
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).
Rolta India recently announced financial results for quarter ending September 30, 2015 (Q2 FY16). Its consolidated Revenue for Q2 FY16 stood at Rs.989.59 crore as against Rs.983.40 crore in Q1 FY16, which registered a Q-o-Q growth of 0.6 per cent. The consolidated EBITDA for Q2 FY16 stood at Rs. 323.22 crore against Rs. 307.51 crore in Q1 FY16, registered a Q-o-Q growth of 5.1 per cent. The EBITDA margin expanded by139 basis points to 32.66 per cent.
The Finance cost increased 7 per cent to Rs 115.71 on sequential basis. The Net profit after tax for Q2 FY16 stood at Rs. 42.32 crore against Rs. 40.72 crore in Q1 FY16, grew by 3.9 per cent on quarterly basis.
During the Quarter, Rolta continued to win projects in the areas of Geospatial & Engineering Systems, Enterprise IT, and Defence & Security by uniquely combining its strengths in these areas of expertise and the exceptional Rolta IP based solutions. Rolta maintained a sharp focus on continually improving and optimizing its processes not only to achieve product and delivery excellence but also to provide best-in class solutions for its clients globally.
Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director said, “Customers are now increasingly looking for a single window comprehensive solution. Rolta has, therefore, consciously focused on delivering end-to-end solutions to our customers in the high growth segments of Defence and Security, BI & Big Data Analytics, Cloud infrastructure, Converged systems, Mobility and Enterprise Applications. Rolta’s strategy to provide IP based solutions is helping the Company to increase business with existing customers, and also winning new customers in various geographies.”
The FII holdings of Rolta India reduced by 36 basis points to 13.31 per cent, the DII holdings increased by 3 basis points to 2.57 per cent as on 30th September 2015. Today, Rolta India is trading at Rs 93.3, down by 4 per cent on BSE.
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