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.