labels: rolta india ltd
Rolta India records impressive growth news
Our Convergence Bureau
29 April 2002
Mumbai: Rolta India Ltd, 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 crore as against the total income of Rs 73.62 crore in the fourth quarter of 2001, reflecting a sequential growth of 10.8 per cent.

The net profit was Rs 31.20 crore as against the net profit of Rs 15.50 crore in the fourth quarter ended 31 December 2001, recording an impressive sequential growth of 101.3 per cent. During the corresponding first quarter of the last financial year ended December 2001, the company had achieved a total income of Rs 80.22 crore and net profit of Rs 30.70 crore.

The earning per share (EPS) on an annualised basis is Rs 19.60 as compared to Rs 16.56 for the last financial year. The cash earning per share (CEPS) on an annualised basis works out to Rs 27.20 as against Rs 22.30 for the previous financial year ended 31 December 2001.

During the course of the company's progress, Rolta has been recognised in India and internationally for its achievements. The company has been super ranked third among the top 1,000 Indian companies by Business Standard in March 2002, based on CAGR across various financial performance parameters and market capitalisation between 1994-95 and 2000-01. Rolta was also named among the 200 best companies in the world by Forbes Global (revenues up to US $500 million) in October 2001.

The company has recently inaugurated advanced engineering software and e-services 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 Ltd. 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 No 1 Internet service, is in an 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 among 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 and web-enabling engineering and business applications.

In keeping with its philosophy of offering leading-edge technologies to its customers, the company recently introduced comprehensive mapping/GIS solutions for public safety agencies like police, fire and ambulance services and has also launched new-generation resource management solutions like Marian and InTools for the plant engineering industry. Rolta has an exclusive partnership with Intergraph Corporation, the world leaders in digital mapping/GIS and plant design automation solutions.

Rolta also provides comprehensive, solutions/e-business and security services using best-of-breed tools and best practices methodology. These are provided by a team of more than 250 in-house e-business professionals, of which over 75 e-security consultants are certified as lead auditors under BS 7799.

Rolta is now recognised 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.

Rolta is an Indian multinational organisation 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.

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Rolta India records impressive growth