Rolta India jumps after winning contract

Rolta India rose 3.88% to Rs 101.80 at 12:12 IST on BSE after the company said it won a $13 million contract for engineering systems.

The announcement was made during trading hours today, 14 September 2015.

Meanwhile, the BSE Sensex was up 86.53 points, or 0.34%, to 25,696.74.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with an average volume of 2.69 lakh shares in the past one quarter.

The stock hit a high of Rs 103.70 and a low of Rs 98.40 so far during the day. The stock hit a 52-week high of Rs 196.80 on 28 February 2015. The stock hit a 52-week low of Rs 84.55 on 25 August 2015.

The stock had underperformed the market over the past one month till 11 September 2015, falling 17.19% compared with 8.10% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 4.58% as against Sensex's 2.88% decline.

The small-cap company has an equity capital of Rs 161.33 crore. Face value per share is Rs 10.

Rolta India announced that it has received additional $13 million contract for Engineering Information Asset Solution, which it has designed, developed and deployed for one of the world's largest petrochemical complexes.

The Engineering Information Asset Solution contains the integration of key engineering systems and information to support the complex work processes required by engineering studies, projects and management of change for as-built facilities, the company said in a statement.

During this new phase of work, Rolta will load the system with engineering data, documents and drawings, which provide the critical technical engineering information required to operate the plant. The multifaceted project requires Rolta's in-depth understanding of complex engineering metadata and tags to populate the system with engineering data that has been received from EPCs around the world. The project is being managed by a global Rolta team working out of the United States, India and the Middle East, the company said.

On a consolidated basis, Rolta India's net profit rose 13.08% to Rs 40.72 crore on 3.94% rise in net sales to Rs 983.40 crore in Q1 June 2015 over Q4 March 2015.

Rolta India is a leading provider of innovative IT solutions for many vertical segments, including federal and state governments, defense, homeland security, utilities, oil & gas, financial services, manufacturing, retail, and healthcare.

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