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TheStreet Open House

Rolta's Nine Months' Consolidated Revenue Grows 59.7% And Net Profit 37.2%

MUMBAI, May 24, 2014 /PRNewswire/ --

Rolta India Limited, a leading provider of innovative IP-led IT solutions, today announced audited financial results for the quarter and the nine-month period ended March 31, 2014. The Company had adopted July 1 to June 30 as its Financial Year. The Companies Act 2013 has prescribed a uniform Financial Year ending March 31 for all Indian Companies. The Company's Board of Directors, therefore, decided to end the financial year on March 31 instead of June 30, 2014. The financial year data being reported was for the period of nine months up to March 31, 2014. This financial data is, therefore, not strictly comparable with FY-13 data.

     (Logo: http://photos.prnewswire.com/prnh/20121023/570667 )

FINANCIAL HIGHLIGHTS  

  • Consolidated Revenue for Q3 FY-14 at Rs. 1,114.78 cr (Rs. 11.15 Billion) against Rs. 759.17 cr (Rs. 7.59 Billion) in Q2 FY-14, registering a Q-o-Q growth of 46.8% and Y-o-Y growth of 95.6%.
  • Consolidated EBITDA for Q3 FY-14 at Rs. 281.37 cr (Rs. 2.82 Billion) against Rs. 285.06 cr (Rs. 2.85 Billion) in Q2 FY-14, registering a Q-o-Q decline of 1.3% and Y-o-Y growth of 28.5%.
  • Consolidated Profit after Tax for Q3 FY-14 at Rs. 138.82 cr (Rs. 1.39 Billion) against Rs. 74.61 cr (Rs. 0.75 Billion) in Q2 FY-14, registering a Q-o-Q growth of 86.0% and Y-o-Y growth of 89.8%.
  • Consolidated Revenue for nine months FY-14 at Rs. 2,501.72 cr (Rs. 25.02 Billion) against Rs. 1,566.58 cr (Rs. 15.67 Billion) in FY-13, registering a Y-o-Y growth of 59.7%.
  • Consolidated EBITDA for nine months FY-14 at Rs. 805.77 cr (Rs. 8.06 Billion) against Rs. 646.70 cr (Rs. 6.47 Billion) in FY-13, registering a Y-o-Y growth of 24.6%.
  • Consolidated Profit after Tax for nine months FY-14 at Rs. 283.69 cr (Rs. 2.84 Billion) against Rs. 206.74 cr (Rs. 2.07 Billion) in FY-13, registering a Y-o-Y growth of 37.2%.
  • The Board of Directors has recommended a final dividend of Rs. 2.25 per equity shares on the face value of Rs. 10 each for the financial year ended March 31, 2014.

Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director said, "We are very pleased with the progress we made during the fiscal year on all fronts. We grew the business not only in quantitative terms, but also qualitatively. With good traction in all geographies for our IP-led solutions and services in every vertical that we serve, we are now getting much larger orders, including licenses for Rolta IP and annuity revenues. This gives us the confidence to look more optimistically at Rolta's business in the new year."  

CORPORATE HIGHLIGHTS  

During the fiscal year under review, a number of noteworthy events took place.  Most recently, the Company received the patents it had applied for in the US for certain unique technologies and processes embedded in Rolta iPerspective™, a suite at the heart of Rolta's offerings for Cloud security, enterprise integration and OT-IT integration solutions. Additionally, Rolta has registered copyrights for around 120 products. The Company is seeking patents and copy rights for many more products.

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