Press Releases
Monday
April 29, 2002
Rolta declares first quarter results for 2002
Mumbai: Rolta India Limited, India's premier IT solutions and services provider, has announced results for the first quarter of the financial year 2002. The total income in the first quarter ended March 2002 was Rs. 81.53 crores as against the total income of Rs. 73.62 crores in the fourth quarter of 2001 reflecting a sequential growth of 10.8 %. The net profit was Rs. 31.20 crores as against the net profit of Rs. 15.50 crores in the fourth quarter ended December 31, 2001 recording an impressive sequential growth of 101.3%. During the corresponding first quarter of the last financial year ended December 2001, the Company had achieved a Total Income of Rs. 80.22 crores and net profit of Rs. 30.70 crores.
The Earning Per Share (EPS) on an annualized basis is Rs. 19.60 as compared to Rs. 16.56 for the last financial year. The Cash Earning per share (CEPS) on annualized basis works out to Rs. 27.20 as against Rs. 22.30 for the previous financial year ended on December 31, 2001.
During the course of the company's progress, Rolta has been recognized in India and internationally for its achievements. The Company has been Super Ranked 3rd amongst the Top 1000 Indian Companies by Business Standard, in March 2002, based on CAGR across various financial performance parameters and market capitalization, between 1994-95 and 2000-01. Rolta was also named amongst the 200 Best Companies in the world by Forbes Global (revenues upto US$ 500 million), in October 2001.
The Company has recently inaugurated an advanced Engineering Software and eServices centre in Atlanta, USA. This new building spread over 26,000 sq.ft. will be the new US headquarters of Rolta International, Inc. This Centre is expected to add thrust to the company's business opportunities and will enable the Company to aggressively address its customers. In order to further strengthen its presence on the American continent, Rolta has recently set up Rolta Canada Limited. In addition, steps are at an advanced stage for setting up a subsidiary in the UK.
The Company's Internet Service Division, RoltaNet, Mumbai's # 1 Internet Service, is in advanced stage of launching RoltaTel - an Internet Access service that will allow voice-grade Internet Telephony.
Rolta continues to be the undisputed leader in the CAD/CAM/GIS business segment, in India, and is considered amongst the leading players worldwide, for Geo-Engineering services. The company offers end-to-end Solutions and Services for Geo-Engineering, Plant Design Automation, Mechanical Design Automation and Collaborative Product Commerce. Rolta also offers value-added solutions and services for integrating & web-enabling Engineering and Business applications. In keeping with its philosophy of offering leading edge technologies to its customers, the Company introduced recently comprehensive Mapping/GIS solutions for Public Safety Agencies like Police, Fire and Ambulance services in and also launched new generation resource management solutions like MARIAN and InTools for the Plant Engineering industry. Rolta has an exclusive partnership with M/s.Intergraph Corporation, the world leaders in Digial Mapping /GIS and Plant Design Automation Solutions.
Rolta also provides comprehensive, solutions /eBusiness and eSecurity services using best-of-breed tools and best practices methodology. These are provided by a team of more than 250 in-house eBusiness professionals, of which, over 75 eSecurity consultants are certified as Lead Auditors under BS 7799. Rolta is now recognized as one of the select few 'Premier' level partners of IBM, from India. In addition, the company has an alliance with Computer Associates to provide a wide range of services, globally. Rolta is one of the few select partners for internet based collaborative product commerce solutions from PTC, world leaders in this market.
Company Background: Rolta is an Indian multinational organization well equipped to provide knowledge-based software / IT services to customers across the world. By judiciously combining resources from worldwide facilities, Rolta is able to meet customer needs cost-effectively. Since 1982, Rolta has been a pioneer in computer graphics, mapping and engineering software and has consistently being ranked as India's #1 CAD/CAM/GIS solution provider. Rolta is amongst the top Geo-Engineering software conversion service vendors worldwide and is a leading end-to-end provider of eBusiness solutions and services.
For additional information
Mr.V L Ganesh
Director-Finance & Chief Financial Officer
Rolta India Limited
Telephone: 832 6666 / 826 2222 Extn: 1501
E-mail: vlganesh@rolta.com
www.rolta.com
