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.
The Rolta OneView™ solution deployed by Cairn India
recently won the Geospatial World Excellence Award selected by an
eminent panel appointed by Geospatial World Forum. They chose this
solution from a selection of over 30 nominations across the globe.
This Rolta OneView™ solution stood out for its geospatial enabled
enterprise business intelligence, predictive analytics and
operational excellence with a focus on improved capacity and energy
utilization of assets, risk management, improved safety and
maintenance practices and supply chain optimization.
Defence and Security
Rolta has built a successful track record having served the
Indian armed forces by developing and deploying Command, Control,
Communications, Computers, Intelligence, Surveillance and
Reconnaissance (C4ISR) solutions. C4ISR is a crucial element for
the modernisation of the Indian armed forces with a prime focus of
building synergy in inter-service military operations. This
indigenously developed Military-off-the-Shelf (MOTS) software
continues to be enhanced with the addition of new features and
functionality to act as a force multiplier. With the introduction
of its most recent 64-bit release, Rolta has introduced the fourth
dimension of time which places Rolta in the top league of global
defence software suppliers.
The modernization and digital transformation of the Indian
Defence has been accorded highest priority for all future
procurements. Rolta as an Indian organization with its own IP is
ideally positioned to address the large opportunities based on the
recent "Make India" vision and introduction of new categorization,
"Buy Indian IDDM" (indigenously designed, developed &
manufactured). Based on Rolta's deep defence domain knowledge and
its proven BI and Big Data analytics platform, Rolta has been
invited to bid for a major pan-India digital enablement initiative. This
innovative solution is expected to deliver actionable insights and
predictive analytics across diverse types of assets such as weapons
& ammunition, vehicles, equipment, personnel, etc. Apart from
being invited for all three large Make India projects announced so
far, Rolta has also been invited to participate in a global RFI for
another large project on Software Designed Radios (SDR).
Rolta has made significant inroads in the Homeland Security
market in India by providing full
range of solutions that cover Command, Control and Mission Critical
Communications to equip the Police and Paramilitary forces with
best of breed technologies. With the implementation of specialized
communications projects across the country, Rolta has successfully
established itself in the rapidly expanding mission critical
communications segment. With the NAVTEX project implementation
becoming fully operational along the entire coast of India including Andaman and Nicobar Islands,
Rolta's presence now covers the remotest corners of the
country.
The Battlefield Management System (BMS) project is progressing
well under the active guidance of Directorate General of
Information Systems. As a part of its exclusive consortium with
BEL, Rolta is responsible for complete BMS application software,
GIS software and services. In addition, Rolta is working with BEL
for Soldier Systems, overall system design, integration and
installation.
Geospatial and Engineering Information Systems
Rolta has been successfully leveraging its Geospatial expertise
and proven IP in the areas of Smart Cities and e-Governance which
are gaining global acceptance. A few examples of recent wins
include a multi-million dollar order from a Ministry of Housing in
the Middle East to design, develop
and manage a Geospatial enable web portal for Land Management. With
the global initiative for better Cadastral Management Rolta has
been selected to create the parcel fabric database for two
countries in Africa. Another
government organisation in the Middle
East responsible for establishing and developing of
industrial cities with integrated infrastructure and services in
various regions chose to engage Rolta to build a geospatially
enabled mobile application.
In the Smart City Transportation space a Roads and Transport
Authority in the Middle who has been a long standing customer again
elected to engage Rolta to enhance their spatial web applications
as a single interface for issuing the No Objection Certificates to
contractors. Rolta's other projects entrusted by this customer such
as the traffic permit system and their ambitious multi-million
dollar multi-year unified Identity and Access Management (IDAM)
continue to progress smoothly with the IDAM project achieving the
Go-Live milestone. Similarly, in the Smart City Utilities area
Rolta had been engaged in a multi-year, multi-million dollar
project in UK to develop an ambitious geospatial enabled Enterprise
Asset Management solution for effective digital workforce
management. Here also a key Go-Live milestone was achieved
recently.
As a pioneer in the Engineering area Rolta continues to grow and
during the quarter won several prestigious projects. One of
India's leading public sector
engineering company decided to upgrade their engineering
capabilities and selected Rolta for deployment of next generation
3D plant design solution for designing next-generation capital
projects while remaining backward compatible with their existing
infrastructure of engineering automation and procurement systems.
Similarly, one of India's leading
private sector Energy and Petrochemicals conglomerate engaged Rolta
for standardizing discipline-specific engineering information
systems. Based on the strong confidence in Rolta's design and
engineering capabilities, a leading Japanese multinational
conglomerate awarded additional contract for design, engineering
and site support for projects being executed globally.
Enterprise IT and Cloud Solutions
Rolta's Enterprise IT and Cloud Solutions group is looked upon
to provide cutting-edge solutions for IT Transformation,
Cloud-enablement and enterprise security culminating in multi-year
Managed Services engagements. During this quarter Rolta won
contracts worth almost $21M from a
major National Insurance and Financial Services Company in the US
for their Data Centre Transformation in order to manage their
growing diverse international operations and the ever expanding
data.
In the Cloud Solutions area Rolta has been assisting
organisation cutting across industry vertical to establish their
Cloud adoption strategies. Examples of this include the deployment
of a Hybrid Cloud worth US $ 3.5M for
by a US based speciality retailer while a leading global supplier
of plastic fasteners contracted Rolta with a US $ 3.3M order to support their Cloud based supply
chain applications. Other examples include building of a Cloud
environment for a leading global supplier of Vision systems to
support their manufacturing applications worth US $ 1.8M
while a National Healthcare service provider in US engaged Rolta to
enhance their Cloud capacity with a contract worth US $ 1.5M.
Big Data Analytics
Rolta has built an enviable track record to engage with
customers in their entire BI and Big Data Analytics journey. Rolta
SmartMigrate™ is an essential tool in automating several aspects of
this journey for BI and Big Data Analytics platform consolidation
cutting across industries and is gaining greater traction. One of
the world's largest retail chain stores based out of North America recently signed a Master
Services Agreement to consolidate their dashboards and reports on
to a single platform which is expected to grow into a multi-million
dollar contract. While at the other corner of the world one of the
largest dairy farm in New Zealand
chose Rolta to migrate their analytics to the latest in-memory
analytics platform.
Asset intensive industries in their quest for digital
transformation have grown to trust Rolta for its rare combination
of engineering know-how, deep industry domain knowledge and cross
functional technical expertise, to build robust Asset Information
Management systems. These successes include one of the largest
utility company in Africa who
recently chose Rolta for the initial phase of their project while
in India Rolta is now engaged with
multiple refinery majors to build their Asset Information
Management Systems.
Rolta has now established several marquee customers across the
globe in the select industry it addressed with its flagship Rolta
OneView™ enterprise suite. Encouraged by this growing success Rolta
has now elected to leverage its robust and mature technology
architecture and adapt it to new industries to serve, Oil and Gas,
Refineries, Petrochemicals, Chemicals, Power Generation, Utilities
including Water, Electricity and Gas, Pharmaceuticals,
Transportation, e‑Governance including City Operation Centres,
Cyber Security and Crime Analytics for Security forces.
A good example of this expansion was Rolta's ability to position
its Rolta OneView™ product elements in a modern e-Governance and
decision support system. Recently, Rolta has been awarded a US
$ 2.7M contract for the deployment of
a Rolta OneView™ based State Residential Data Hub for a State
Government in India leveraging
Rolta OneView™. This Master Data Management Solution will bring
together a variety of information available with multiple state
departments and map the pan India Unique Identity Data to create a
single trusted data hub.
While in the traditional industry segments Rolta OneView™
continues to grow from strength to strength. A large power utility
company in GCC chose to extend their contract with Rolta to enhance
their Outage Management Analytics solution while another department
within the organisation chose to deploy Rolta OneView™ to generate
compliance reports that have to be submitted to the Electricity
& Cogeneration Regulatory Authority. Rolta was recently engaged
by a UK based water Utility to provide Analytics as a Service over
the Cloud. With the increasingly stringent UK Government regulatory
and reporting norms, several water utilities are finding that Rolta
OneView™ with its predictive analytics could become a natural
choice to meet these ongoing requirements.
About Rolta: Rolta is a leading provider of
innovative IP-led IT solutions for many vertical segments,
including Federal and State Governments, Utilities, Oil & Gas,
Petrochemicals, Financial Services, Manufacturing, Retail, and
Healthcare. Rolta is recognized for its extensive portfolio of
solutions based on field-proven Rolta IP tailored for Indian
Defence and cutting edge Big Data Analytics. By uniquely combining
its expertise in the IT, Engineering and Geospatial domains, Rolta
develops State-of-the-Art Digital Solutions incorporating rich
Rolta IP in the areas of Cloud, Mobility, IoT, BI and Big Data
Analytics. Rolta is a multinational organization headquartered in
India and the Company's shares
have been publicly traded for more than 25 years in India. Rolta GDRs are listed on the London
Stock Exchange for 10+ years.
For additional information please visit www.rolta.com, or
contact:
Lt. Gen K.T. Parnaik
JMD - Defence & Security
Business
Member of the Board
kt.parnaik@rolta.com
Tel: +91 (22) 2926 6666
Preetha Pulusani
President - International Operations
Member of the Board – Rolta Intl.
preetha.pulusani@rolta.com
Tel: +1 (678) 942 5000
Rajesh Ramachandran
JMD -
Global Products & Technology Solutions
Member of the Board
rajesh.ramachandran@rolta.com
Tel: +91 (22) 2926 6666
Ramakrishna Prabhu
Director - Corporate Affairs & CFO
Member of the Board
ramakrishna.prabhu@rolta.com
Tel: +91 (22) 2926 6666
Disclaimer: This press release includes statements that are not
historical in nature and that may be characterized as "forward-
looking statements", including those related to future financial
and operating results, benefits and synergies of the Company's
brands and strategies, future opportunities and the growth of the
market for open source solutions. You should be aware that Rolta's
actual results could differ materially from those contained in
the forward-looking statements, which are based on
current expectations of Rolta management and are subject to a
number of risks and uncertainties, including, but not limited to,
Rolta's ability to integrate acquired operations and employees,
Rolta's success in executing its strategies, Rolta's ability to
take a competitive position in the industry, business conditions
and the general economy, market opportunities, potential new
business strategies, competitive factors, sales and marketing
execution, shifts in technologies or market demand, and any other
factors. The Company may make additional written and oral forward
looking statements but do not undertake, and disclaim any
obligation, to update them.