Rolta India soars after robust Q2 results

Rolta India rose 19.67% to Rs 65.40 at 14:48 IST on BSE after consolidated net profit surged 134.5% to Rs 54.30 crore on 7.9% decline in revenue to Rs 736.95 crore in Q2 September 2016 over Q1 June 2016.

The result was announced after market hours on Friday, 9 December 2016.

Meanwhile, the BSE Sensex was down 226.69 points, or 0.85%, to 26,520.49.

On the BSE, so far 26.50 lakh shares were traded in the counter, compared with average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 65.55 and a low of Rs 56.40 so far during the day.

The stock hit a 52-week high of Rs 104.75 on 24 December 2015. The stock hit a 52-week low of Rs 48.10 on 9 November 2016. The stock had underperformed the market over the past 30 days till 9 December 2016, falling 7.92% compared with the 2.80% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 16.05% as against Sensex's 7.12% decline.

The small-cap company has equity capital of Rs 163.40 crore. Face value per share is Rs 10.

Rolta India's consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose 6.9% to Rs 232.91 crore in Q2 September 2016 over Q1 June 2016.

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

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