Rolta's Q3-FY-17 Consolidated Revenue Grows 23.6% Q-o-Q

MUMBAI, Feb. 14, 2017 /PRNewswire/ -- Rolta India Limited (Rolta), a leading provider of innovative IP-led IT solutions for many vertical segments, including Defence and Security, today announced unaudited financial results for quarter ended December 31, 2016 (Q3 FY -17).

FINANCIAL HIGHLIGHTS

• Consolidated Revenue for Q3 FY-17 at Rs. 911.23cr (Rs. 9.11 Billion) against Rs. 736.95 cr (Rs. 7.37 Billion) in Q2 FY-17, registering a growth of 23.6 % Q-o-Q.
• Consolidated EBITDA for Q3 FY-17 at Rs. 254.75 cr (Rs. 2.55 Billion) against Rs. 217.12 cr (Rs. 2.17 Billion) in Q2 FY-17, registering a growth of 17.3% Q-o-Q.
• Consolidated profit after tax for Q3 FY-17 at Rs. 36.94 cr (Rs. 3.69 Billion) against Rs. 54.30 cr (Rs. 5.43 Billion) in Q2 FY-17, registering a decline of 32.0% Q-o-Q.
•  Foreign Exchange loss for Q3 FY-17 at Rs. 16.09 cr (Rs. 1.61 Billion) against a gain of Rs. 15.79 cr (Rs. 1.58 Billion) in Q2 FY-17 impacting the profit after tax in Q3 FY-17 versus Q2 FY-17.

Mr. K. K. Singh, Chairman and Managing Director said, "Rolta has consciously made efforts to remain at the forefront as a solutions provider with a sharp focus on the Digital revolution. Having made significant investments in the recent years, the Company today, is well positioned to address the huge Digital Transformation opportunities in the markets it serves."

CORPORATE HIGHLIGHTS

Rolta was the first company to introduce CAD, CAM and GIS in India.  Mr. K. K. Singh, as the Founder of Rolta, was recently honoured by the Geospatial World Forum by acknowledging him as a 'Living Legend' in the Geospatial Hall of Fame which recognised ten such World Leaders. On the occasion Geospatial World Forum stated "They inspire us to innovate, and motivate us to work towards making the world a better place. We salute these extraordinary leaders who took the road not taken and did the impossible – took geospatial technologies out of research labs in limited sectors and introduced it into our everyday chores."

Rolta's relentless efforts at indigenously developing cutting edge intellectual property was recently rewarded with the grant of patent (No. US 9,378,417 B2), by the US Patent & Trademark Office.  This new patent is for an image processing algorithm used for normalization of colour remote sensing images. This technology facilitates contrast enhancement of satellite images and is critical for defence applications as it improves image interpretation for greater situational awareness. Rolta's continuous investment in R &D demonstrates the organization's unparalleled commitment to the fundamental R&D necessary to drive progress in business. This new patent is part of a series of patents filed by Rolta which uniquely differentiates Rolta products giving them a competitive edge.