Rolta India : One of India`s leading IT companies and vast experience for developing software related to nation security forces, announced its second Q2 FY 2008 - 2009 result.
The company's registered a growth of mere 0.6% in the consolidated net profit for the second quarter ended December 2008. During the quarter, the profit of the company rose to Rs. 60.5 crore or Rs 605.6 million from Rs. 60.2 crore or Rs 602.20 million in the same quarter, previous year.
Consolidated total revenues for the quarter climbed 49.70% to Rs 1,261.10 million compared with the prior year period.
Its consolidated net sales were up by 4.6% at Rs 361.9 crore versus Rs 346 crore on QoQ basis.
On standalone basis, the company reported a 11.69% drop in net profit for the quarter ended December 2008. During the quarter, the profit of the company declined to Rs 600.70 million from Rs 680.24 million in the same quarter, previous year.
Net sales for the quarter rose 5.88% to Rs 2,247.70 million, while total income for the quarter rose 5.70% to Rs 2,349 million, when compared with the prior year period.
The company reported earnings of Rs 3.70 a share during the quarter, registering 11.90% decline over prior year period.
Notional exchange loss stood at Rs 22.65 crore versus Rs 61.3 crore on FCCB liability of $150 million.
EBIDTA was up by 6.5% to Rs 126 crore. Margins went up at 34.8% versus 34.1%.
