Rolta net up 4% y-o-y

The company reported net profit of Rs 50.83 crore as compared to Rs 48.85 crore for the corresponding quarter last financial year. Revenue at Rs 307.68 crore was up 48.3 per cent from Rs 207.47 crore for the fourth quarter ended June 30, 2007.

Sequentially (trailing quarter) the company's net profit dipped by 23 per cent from Rs 65.72 crore. The reason being Rolta provided for Rs 30.18 crore as foreign exchange revaluation loss on foreign currency convertible bonds (FCCBs) for mark-to-market. The company said that the MTM provision is notional and does not entail cash outflows and will be reversed if and when the FCCBs convert. On a quarter-on-quarter basis its revenue was up 11 per cent. It has raised about $150 million through FCCBs.

For the full year, the company reported net profit increase of 33.6 per cent at Rs 230.59 crore from Rs 172.64 crore--and revenues were up 50.7 per cent to touch Rs 1,089 crore from Rs 721.6 crore for FY07.

As of June 30, 2008 the company had a order book of Rs 1,500 crore and has a pipeline of orders worth Rs 3,500 crore.

K K Singh, chairman and MD, Rolta India said, "We continue to see healthy growth in the high-value segments we server, in spite of the challenges posed by the prevailing economic condition."

The companies three segments Geospatial/GIS, engineering services and enterprise information and communication technology grew 27, 48 and 222 per cent respectively on a year-on-year basis.