Press Releases

Tuesday
January 24, 2006

Rolta Q2 Net Profit at Rs. 35.28 Crores, up 34.6 %

Mumbai, January 24, 2006 : Rolta India Limited, India's leading CAD/CAM/GIS solutions and services provider,announced impressive Unaudited Results for its second quarter ending December 31, 2005. The total sales of the company for the quarter were Rs. 109.76 Crores as against total sales of Rs. 80.05 Crores during the corresponding quarter of the previous year, reflecting a growth of 37.1%

The Net Profit after tax for the quarter ended December 31, 2005 was Rs. 35.28 Crores. This represents a growth of 34.6 % over the net profit of Rs 26.21 crores in the corresponding quarter last year. The net profit of the company has registered a growth of 11.4 % on a sequential basis over the net profit of Rs 31.68 Crores for the Quarter ended September 30.2005. The Basic Earning Per share for the quarter ended December 31, 2005 were Rs. 5.5 as against Rs 4.1 in the corresponding period in previous year, signifying a growth of 34.6 %.

The total sales for the half-year ended December 31, 2005 was Rs 200.26 Crores, an increase of 29.1% over the comparable income of Rs 155.08 Crores for the corresponding period in the previous year. The Net Profit after tax for the half year ending December 31, 2005 was Rs 66.95 Crores as against Rs 51.33 Crores in the corresponding period last year, reflecting a healthy growth of 30.4 %.

The Company's consolidated sales for the half year ended December 31,2005 also registered growth of 35.1% and was at Rs.248.51 crores as against Rs. 184.00 crores in the corresponding period last year. The consolidated net profit after tax for the half year ended December 31,2005 was also higher at Rs. 58.96 crores as against Rs. 41.76 crores in the previous year reflecting a growth of 41.2 %.

Company Background : Rolta India Limited is an Indian company operating in India and overseas. Rolta provides software/information technology based engineering and geospatial solutions and services to customers across the world and has executed projects in more than 35 countries. Rolta is headquartered in Mumbai and operates through a network of twelve regional/branch offices in India and seven subsidiaries located in USA, Canada, UK, The Netherlands, Germany, Saudi Arabia and UAE. It is listed on the Bombay Stock Exchange and National Stock Exchange in India.

Rolta is India's leading provider of GIS/GeoEngineering solutions and services and one of the major AM/FM/GIS Photogrammetry service providers in the world for segments such as Defence, Environment, Electric, Telecom, Gas, Emergency Services, Municipalities and Airports. The Company's customer base for GIS projects is spread across 17 countries with multi million dollar projects executed in various parts of the world.

Rolta is also the leading provider of Plant Design Automation solutions and services in India and one of the major Plant Information Management services providers worldwide. The Company's customer base for such business is spread across 22 countries with over 500 projects executed in various parts of the world. To move up the value chain in the engineering domain, the Company has established a joint venture with Stone & Webster Inc., USA, namely Stone & Webster Rolta Limited ('SWRL'). SWRL has access to Stone & Webster's proprietary technology. This joint venture provides high quality engineering services worldwide through Stone & Webster and undertakes selective refinery, petrochemicals and power projects in India.

The Company provides eSecurity implementation services, rapid application development and software testing services to its customers worldwide. In on-going partnership with CA (Computer Associates) the Company has executed over 350 projects globally in 18 countries.

Rolta 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 globally has around 2,500 employees. Nearly 75 per cent of the Company's workforce has engineering qualifications, including significant numbers with master's degrees or doctorates and Rolta ensures constant ongoing training to its professionals. The annual IDC-DQ Best Employers Survey has consistently ranked the Company as one of the top employers in the IT industry in India. The Company has established world-class infrastructure of around 500,000 sq. ft. that is equipped with sophisticated computing systems, cutting-edge software and dedicated high-speed networking and communication links connecting its offices worldwide.

Rolta'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 its entire range of IT Service Management Processes. This unique accreditation has been bestowed on less than 25 companies globally.

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