Rolta India

By Research Desk
about 10 years ago
Rolta India

 

Provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defence and Homeland Security, Utilities, Process, Power, Banking and Insurance, the company posted a steady set of numbers for Q2FY15. On a consolidated basis Revenue for Q2 FY15 grew by a robust 41% (YoY) at Rs.885 crore though flat with a 0.5% QoQ growth. Consolidated EBITDA for the quarter was at Rs.325 crore, up 36% while net profit rose by a meagre 0.8% at Rs.72 crore. The 32% rise in interest outgo and then an over 2.5 times rise in tax outgo is what subdued the bottomline despite the over 40% rise in topline.

The company is doing well in the defense space. It was recently awarded a contract by the premier war gaming agency of the Indian Military to implement a solution that incorporates intricate algorithms for automatically executing rule based behavior of entities in operational environs. After implementing in Kerala, the company has won a contract from the Maharashtra Police for Digital Mobile Radio network that involves providing mobile communications through mobile and hand-held devices. Its geospatial and Engineering Information Systems unit is also doing well and so is its Business Intelligence and analytics solutions.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 that is most certainly paying off in terms of better earnings for Rolta.

3.62 (-0.19)

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