Rolta India Q3 net up 36% to Rs 37.1 cr

BS 200 SCORECARD

Rolta India has posted 36 per cent increase in net profit at Rs 37.11 crore in its third quarter ended March 2006, compared with Rs 27.28 crore recorded during the same period of the previous year.

The company has recorded total income of Rs 118.44 crore during the quarter, up from Rs 91.17 crore registered in the year-ago period.

For the nine-month period ended March 2006, the company posted net profit of Rs 104.06 crore, up from Rs 78.61 crore recorded in the last corresponding period.

The company's nine-month net profit exceeds the net profit of Rs 103.35 crore recorded for the previous financial year that ended on June 30, 2005. Total income rose to Rs 320.36 crore, up from Rs 253.09 crore.

Recently, the company raised $103.50 million from its global depository receipts on the London Stock Exchange. It had issued 18,482,143 GDRs, with each GDR priced at $5.60, equivalent to Rs 250 per equity share.

The issue also had a greenshoe option of $13.50 million to be exercised within 30 days by the joint lead managers, Lehman Brothers International (Europe) and Cantor Fitzgerald Europe.

Lehman Brothers International was the global co-ordinator and sole bookrunner of the issue.