Press Releases
Friday
August 19, 2005
Rolta 2004-05 Net Profit at Rs. 103.35 crores; higher by 28.4%
Mumbai, August 19, 2005: Rolta India Limited, India’s foremost CAD/CAM/GIS solutions and services provider, announced Audited Financial Results for the year ended June 30, 2005. The total revenue of the Company for the year was Rs. 356.31 crores as against total revenue of Rs. 301.05 crores in the previous year representing a growth of 18.4%.
The Profit After Tax for the year ended June 30, 2005 also registered healthy growth of 28.4%and was Rs.103.35 crores as against Rs. 80.50 crores in the last accounting year 2003-04. Rolta’s Earning Per Share and Cash Earning Per Share for the financial year ended June 30, 2005 were Rs. 16.2 and Rs. 23.3 respectively.
The Company’s consolidated revenue also registered growth and was at Rs. 425.69 crores for the year ended June 30, 2005 as against Rs. 360.04 crores in the previous year, signifying a growth of 18.2%. The consolidated net profit after tax for the year ended June 30, 2005 was also higher at Rs. 90.22 crores as against Rs. 63.84 crores in the previous Accounting Year reflecting a growth of 41.3%.
During the quarter ended June 30, 2005 the Company recorded total revenue of Rs.103.21 crores against the total revenue of Rs. 92.63 crores in the corresponding quarter last year signifying a growth of 11.4%. The Net Profit of the Company for quarter ended June 30, 2005 was higher at Rs. 24.75 crores as against a Net Profit of Rs. 16.82 crores in the corresponding quarter last year representing a growth of 47.2%.
The Board of Directors have recommended a higher dividend of Rs. 3.50 per share for the year ending June 30, 2005 as against Rs. 3/- per share in the previous year, thereby signifying an increase of around 17 %. The net worth of the Company stood at Rs. 527.15 crores reflecting the intrinsic strength of the Company. The book value per share is Rs. 82.77 signifying consistent enhancement in shareholders value.
Corporate Highlights for the year:
Rolta retains its position as India's #1 provider of solutions and services for CAD/CAM/GIS. It is also recognised as one of the world leaders in providing Geospatial Information Technology and Digital mapping services. The company continues to be a leading provider of Plant Design Automation solutions in India and preferred partner of international giants like The Dow Chemicals, USA for providing Plant Engineering services globally. Rolta has executed during the year various domestic and international CAD/CAM/GIS projects of value exceeding Rs. 375 crores. These projects include mission critical high-end comprehensive requirements of customers in diverse segments, like Utilities, Communications, Town Planning, Public Safety, Photogrammetry, Digital Imagery, Plant Design and Mechanical Design Automation. Over 165 customers have been served during the year
Rolta has excelled in providing high-quality Internet Services and cutting-edge Business solutions like Software Development, Testing, Customization, Implementation, Migration, Network and IT resource management for customers worldwide. Rolta specializes in Enterprise Application Integration and integrated web enabled engineering. As a leading partner of Computer Associates, USA, Rolta has executed over 70 eSecurity implementation and software development projects worldwide during the current year. The company’s quality standards are benchmarked to world-class levels, with top quality certifications such as ISO 9001:2000, BS 7799, and SEI CMM Level 5. The British Standards Institution (BSI) has awarded Rolta the BS15000 certification for it’s entire range of IT Service Management Processes. This unique accreditation has been bestowed on less than 25 companies worldwide.
Stone & Webster Rolta Limited, the JV Company in partnership with Stone & Webster, Inc, USA is now fully operational and provides high quality Engineering Services worldwide while also undertaking turnkey projects in India for refinery, petrochemicals and power. This JV has executed a number of complex detail engineering projects in countries like China, Saudi Arabia, USA and Canada apart from providing state-of-the-art engineering services, in highly specialized field of Ethylene Cracking Furnace and Fluidized Catalytic Cracking for large Indian owner operators like Essar Oil-Jamnagar, Reliance / IPCL Gandhar & Patalganga projects during this first year of operations.
During the current year, the Company has commissioned engineering service and software development centers at Rolta Technology Park, Mumbai. These state-of-the-art facilities with cutting edge engineering computer systems and IT infrastructure -- worth over Rs 250 Crores funded entirely from internal accruals and spread over 2,50,000 sq.ft, will enable the company to accelerate its growth and seamlessly provide quality Engineering and IT solutions and services to its customers worldwide. The Company has continued with its scalable recruitment and human resources management process and has inducted over 700 engineers in various disciplines during the year.
Company Background: Rolta a multinational Company, is one of the leading Indian Public companies and has over 130,000 shareholders and has been consistently profitable and dividend paying since its IPO in 1990.
Rolta employs over 3000 engineering professionals worldwide in its state-of-the-art facilities located in India, North America, Europe and Middle East. The Company enjoys strong business partnerships with international technology leaders like Intergraph, Z/I Imaging, PTC, Computer Associates, IBM, Microsoft, Oracle and others to help the Company move up the value chain. Rolta is able to meet customer needs cost-effectively by judiciously combining its worldwide resources -- including subsidiaries in USA, Canada, UK, Germany, Netherlands, Saudi Arabia & Middle East; a network of over 15 full-fledged offices in India.
Forbes Global ranked Rolta for three years in a row amongst the 200 Best Companies in the world having sales up to US $ 1 billion. Deloitte Touche Tohmatsu has also ranked the company amongst the 500 fastest growing technology companies in the Asia-Pacific region.
For additional information
Mr.V L Ganesh
Director-Finance & Chief Financial Officer
Rolta India Limited
Telephone: 2832 6666 / 2826 2222 Extn: 1501
E-mail: vlganesh@rolta.com
www.rolta.com
