Press Releases

Monday
July 23, 2007

Rolta - Consolidated Net Profit Grows 35.6 %

Mumbai, July 23, 2007 : Rolta India Limited, one of India's leading IT companies, Rolta India Limited, one of India's leading IT companies, specializing in GeoSpatial Information Systems (GIS), Engineering Design Services (EDS) and eSolutions (eS), today announced audited financial results for the year ended June 30, 2007.

Financial Highlights

Consolidated Income at Rs. 721.66 Cr. against Rs. 543.39 Cr. in FY06, registering a YoY growth of 32.8%.
Consolidated PAT at Rs. 172.64 Cr. against Rs. 127.32 Cr. in FY06 registering a YoY growth of 35.6%
Q4 Income at Rs. 207.47 Cr. as against Rs. 186.49 Cr. in Q3, registering a sequential growth of 11.2%
Q4 PAT at Rs. 48.85 Cr. as against Rs. 45.54 Cr. in Q3, registering a sequential growth of 7.3%
Consolidated PAT Margins improved to 24.3% in the current year, as compared to 23.8% in FY 06
Consolidated Cash and Cash equivalents as on June 30, 2007 over Rs. 700 Cr.
The Board has recommended a higher dividend of Rs. 5/share for FY07, against Rs.4/share in FY 06
Consolidated Net Worth at Rs. 1046. 60 Cr. as on June 30, 2007, against Rs. 941.43 Cr. on June 30,2006
Successfully raised US$ 150 Million with zero coupon FCCBs at a conversion price of Rs. 737.40/share
Complying with international best practices- published IFRS financials are audited by Grant Thornton

Commenting on the results, Mr. K.K. Singh, Chairman and Managing Director of Rolta India Limited said: "As a global service provider of choice, we continue to experience very healthy growth in our business in all segments. We are very encouraged by the rapid increase in demand for our solutions and services in domestic and international markets. This has given us the confidence to enter Rolta's 25th year with the goal of significantly accelerating our growth not only organically, but also through inorganic means."

CORPORATE HIGHLIGHTS

In continuation with its expansion plan, Rolta has augmented its facilities for additional capacity of 2000 technical professionals. The Company is in the process of setting up an IT park in Kolkata with an investment of about Rs. 250 Crores.

During the year, the Company added over 1000 technical professionals in various disciplines and now has a strength of over 4000. The attrition rate during the year was maintained within the single digit range with innovative HR policies and employee motivation measures adopted by the Company.

The Company has initiated Oracle ERP implementation for all its business processes within the enterprise, including subsidiary companies.

Rolta is the 21st company in the world to be certified with "ISO/IEC 20000-1:2005 ITSM" standard. The company has also been assessed at SEI CMMi level 5.

The Company was awarded "GeoSpatial Leadership in India" Award by Map World Forum. Forbes ranked Rolta in "Asia's Best 200 Under a Billion" companies for the fourth time in the last six years.

Operational Highlights

GeoSpatial information systems (GIS)
Rolta continues to retain its leadership position in GeoSpatial/GIS markets. The Company has acquired Orion Technology Inc., a Canadian software and integration company specializing in enterprise web-GIS solutions. The acquisition provides an opportunity for the company to expand its presence in web based, platform-neutral GeoSpatial solutions market to address customers globally. This strategically important acquisition enables Rolta to own exceptional technologies for taking its GIS offerings to the next level.

Rolta's Joint Venture with Thales, France, has been established and relevant French and Indian Government approvals have been received. Owned 51% by Rolta and 49% by Thales, the JV provides state-of-the-art C4ISTAR information systems for Defence, Aerospace and Security markets worldwide. The core team has commenced training and market development activities and has also initiated the process of transfer of technology from Thales.

Rolta has joined Open Geospatial Consortium (OGC^®) as a Principal Member, enabling it to take a leadership role in promoting benefits of interoperable Geoprocessing to users across the globe. Rolta has won large projects for database creation and mapping for network management from large telecommunication and integrated electric companies worldwide.
Engineering Design Automation (EDA)
The Company has strengthened its leadership position in India and has won several large contracts from both owner-operators and EPC companies in India and overseas in the refinery, petrochemical and power sectors. The Company has moved up higher in the value chain and is a preferred provider of high-end technology services to many international companies worldwide.

Stone & Webster Rolta Limited (SWRL) has executed several large projects for petrochemical companies and large refineries apart from providing engineering design services for global projects of Stone & Webster. The JV is very strongly placed to capture the huge opportunities from the emerging nuclear power sector.

The Company has achieved significant progress in Ship Design Services and has executed large projects for leading shipyards in India and Europe. The Company sees a significant potential for off-shore ship design services in the coming years.
eSolutions (eS)
The Company has maintained its growth momentum in the eSolutions business group executing several large projects for CA's customers across Europe, North America, Middle East and South Africa. The Company's new initiative in the Interactive Game Development Services segment has made its mark in the Europe and US markets. This new initiative by Rolta is poised to grow in the coming years.

About Rolta :

Rolta is an Indian multinational organization that has executed projects in over 35 countries. Rolta is a leading provider and developer of Information Technology based GeoSpatial Information Systems (GIS), Engineering Design Services, Software Development, Advanced Security, Network Management, ERP Consulting and Deployment services worldwide. Rolta, through its joint venture Stone & Webster Rolta Ltd., provides comprehensive Engineering, Procurement and Construction Management (EPCM) services to meet turnkey project requirements of power, oil, gas and petrochemical sectors. Rolta's joint venture with Thales, France, leverages a broad spectrum of cutting-edge technologies, systems and solutions from Thales, and Rolta's leadership position in the Indian market. This JV takes advantage of the technology transfer from Thales for developing state-of-the-art C4ISTAR information systems, for domestic and international markets. Rolta has acquired Orion technology Inc. a Canadian software and integration company specializing in enterprise Web GIS Solution. Rolta, headquartered in Mumbai, employs over 4000 professionals with countrywide infrastructure and international subsidiaries across the globe. Forbes ranked Rolta as one of "Asia's Best 200 Under a Billion" for the fourth time in the last six years. The Company is listed on the NSE in cash and F&O segment and forms part of CNX IT and CNX 500 indices. The company is also listed on BSE 'A' group and forms part of BSE Midcap, BSE 200, BSE 500, BSE IT and BSE TECK indices. The Company's GDR is listed on the Main Board of London Stock Exchange and its FCCB's are listed on the Singapore Stock Exchange.

For additional information

Rolta India Limited
Mr. Hiranya Ashar,
Director - Finance & Chief Financial Officer
Telephone: 91-22-2821 3052

Mr. V.K. Khanna,
Vice President - Investor Relations
Telephone: 91-22-2832 6666 ext 1555