Rolta India's net down 9 p.c. YoY

MUMBAI, INDIA: IT firm Rolta India Limited today said that it posted a net profit of Rs 69.1 crore for the quarter ended June 30, 2010, registering a dip of 9.3 per cent from a net of Rs 76.2 crores it reported during the corresponding quarter of the previous fiscal.

Consolidated revenue for the fourth quarter was at Rs. 412.06 crores against Rs. 332.70 crores in the corresponding quarter of the previous fiscal, registering a Y-o-Y growth of 23.9 percent.

Consolidated EBITDA for the quarter under review was at Rs. 160.11 crores, up 42.3 per cent, as against Rs. 112.48 crores in the corresponding quarter of the previous year.

The board of the company has recommended a dividend of Rs. 3.25 per share for FY 2009-2010.

Commenting on the results, K. K. Singh, chairman and managing director, said, “During the year, we continued the transformation of our business-model into a solutions-oriented one, with a focus on creating differentiated solutions around the company’s own intellectual property. This is enabling Rolta to move up the value chain and improving margins.”

Rolta specializes in Enterprise Geospatial and Defence Solutions (EGDS), Enterprise Design & Operation Solutions (EDOS), and Enterprise IT Solutions (EITS).