Rolta India
Rolta India Limited, a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense and Homeland Security, Utilities, Process, Power, Banking and Insurance, presented a set of encouraging numbers for third quarter ended 31st March 2013. Consolidated net profit at Rs.73 crore, was up 4% (QoQ) on a 8% rise in revenue at Rs.570 crore. The company has gone through a period of transition – from being a purely service oriented company to an Intellectual Property (IP) -driven product and solutions company and this is reflected in the margins of the company - EBITDA for Q3 came in at over 40%.
On the order book front, the company is now able to tap into big orders. It got a US$ 30 million order from Memphis, USA and is negotiating for a very large order of about US$ 25 million in engineering IT space. The pipeline is about Rs.7500 crore and order book stands at Rs.2450-2500 crore. The company expects to close the year with an around 18% growth in revenue. It had ended previous year with a revenue of Rs.1468 crore and net profit of Rs.327 crore.