MUMBAI, May 23, 2015 /PRNewswire/ --
Rolta India Limited (Rolta), a leading provider of innovative
IP-led IT solutions for many vertical segments, including
Defense/HLS, today announced audited financial results for the
quarter and year ended March 31,
2015.
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FINANCIAL HIGHLIGHTS
- Consolidated Revenue for twelve months FY-15 at Rs. 3,679.46 cr
(Rs.36.80 Billion) against
Rs. 3,113.92 cr (Rs. 31.14 Billion) in previous period,
registering a Y-o-Y growth of 18.2%.
- Consolidated EBITDA for twelve months FY-15 at Rs. 1,276.62 cr
(Rs. 12.77 Billion) against Rs. 1,033.06 cr (Rs. 10.33
Billion) in previous period, registering a Y-o-Y growth of
23.6%.
- Consolidated profit after tax for twelve months FY-15 as
against previous period is not comparable due to exceptional
item.
- Consolidated Revenue for Q4 FY-15 at Rs.946.14 cr (Rs 9.46
Billion) against Rs. 966.75 cr (Rs. 9.67 Billion) in
Q3 FY-15, registering a Q-o-Q decline of 2.1%.
- Consolidated EBITDA for Q4 FY-15 at Rs. 310.60 cr (Rs. 3.11
Billion) against Rs. 344.82 cr (Rs. 3.45 Billion) in
Q3 FY-15, registering a Q-o-Q decline of 9.9%.
- Consolidated profit after tax for Q4 FY-15 at Rs. 36.01 cr (Rs.
0.36 Billion) against Rs. 76.56 cr (Rs. 0.77 Billion) in Q3 FY-15,
registering a Q-o-Q decline of 53.0%.
- The Board of Directors has recommended a final dividend of Rs.
3.00 per equity shares on the face value of Rs. 10 each for the
financial year ended March 31,
2015.
Mr. K. K. Singh, Chairman and
Managing Director said, "During the year under review, our
strategy of transforming the Rolta business model to an IP-led one
was strongly revalidated by our selection for the very large and
prestigious BMS project of the Indian Army. Rolta has also
successfully leveraged the rapid acceptance of its IP-led solutions
for Big Data Analytics as also for traditional applications to gain
traction in new verticals and geographies. Such recognition in the
marketplace vindicates the Company's unique approach
of combining Rolta expertise in IT and Defence domains for rapidly
monetizing its investments."
CORPORATE HIGHLIGHTS
During the year under review, Rolta focused on enhancing its
software products and developing new solutions. It inducted senior
managers and subject matter experts in all geographies, especially
at all development and R&D centers. Rolta received numerous
awards for excellence of its solutions in areas like eGovernance,
Cloud implementation, Enterprise Security, and Smart City
solutions.
BUSINESS HIGHLIGHTS
Defense and Security
Rolta continues to sustain and strengthen its leading position
in the Indian Defence & Security markets as a provider of
indigenous Command, Control, Communications, Intelligence,
Surveillance and Reconnaissance (C3ISR) solutions by
continually enhancing its portfolio.
- Battlefield Management System (BMS): Ministry of Defence
(MoD) has selected the exclusive consortium of BEL and Rolta as a
Development Agency for the Battlefield Management System (BMS)
project worth over Rs. 50,000
Crore.
The BMS is categorized as a "Make" programme under the DPP, and
is one of the largest projects being indigenously developed and
manufactured for the Indian Army. This prestigious programme is
meant to deliver Command, Control and Communications (C3)
capabilities to the fighting echelons, operating at the forward
edge of the Tactical Battle Area at the Battalion and Combat Group
levels. BMS is a situational awareness and visualization system
that aims to optimize the operational effectiveness of tactical
units.
As a part of its consortium with BEL, Rolta is responsible for
the complete BMS application development and software licensing,
GIS software and services. Rolta will also jointly work with BEL
for manufacturing subsystems for the soldier system, the overall
system design, integration, installation, commissioning and
maintenance of the BMS programme. The project is progressing
well.
- Intelligence, Surveillance and Reconnaissance (ISR): The
Company's indigenous ISR solutions are being exploited by hundreds
of users in Indian Defence. These high-tech Image Exploitation
Systems are deployed at field formations and utilized to serve
critical operational needs of providing essential inputs for
operational planning, intelligence acquisition and
surveillance.
Rolta is the only Company in India to have developed and released highly
sophisticated indigenous ISR software solutions that are used for
assessing and interpreting troop movements and enemy build up at
forward locations to counter threats like insurgency, infiltration,
etc. With the latest 64-bit release of this software suite,
Rolta has now joined just a handful of companies worldwide
that have this sophisticated technology to fully exploit the latest
advances in satellite and aerial imaging, and cutting edge
computing platforms.
- Optronics: To further strengthen its indigenous ISR
portfolio, the Company has signed definitive agreements to
establish a Joint Venture with Meprolight, a leading International
Electro-Optics company. To be owned 51% by Rolta and 49% by
Meprolight, the JV will take advantage of technology transfer from
Meprolight for developing and manufacturing state-of-the-art
Optronics devices based on Image Intensifier and Thermal Imaging
technologies in India, for
addressing the growing demand for night fighting capabilities by
the Indian defence and security forces.
- Communications: In the mission critical communications
area, the company has won sizeable orders from West Bengal,
Maharashtra, Kerala and AP police forces. Very recently, the
company also successfully implemented the nationwide high power
radio communication system based NAVTEX solution for the
Directorate General of Light Houses and Light ships (DGLL). The
system provides automated messaging for delivery of navigational,
meteorological warnings and forecasts, as well as urgent marine
safety information to ships. Designed to provide a minimum assured
coverage of 250 Nautical Miles from the Indian coastline of over
7,000 kms, this state-of-the-art system has been established over
20 sites.
- Homeland Security: Rolta's indigenous safety solutions,
which include world-class software like Rolta GeoCAD™, Rolta
Command and Control™ and Rolta Crime Analytics™ have been
recognized for the significant value they bring to "Safe City"
programs across the nation. These solutions have been implemented
for numerous police forces in many states and are being used to
speedily respond to citizens.
Geospatial and Engineering Information
Management
Geospatial Domain: Rolta has executed hundreds of
projects world-wide leveraging and sharpening its domain expertise.
It has used this experience and know-how to develop an extensive
suite of over 30 software products and solutions to address
"Smart City" initiatives globally. These products
typically provide intuitive actionable insights in real time
through contextual integration of heterogeneous systems and a
variety of sensors. The latest release of its spatial integration
platform Rolta Geospatial Fusion OnPoint™ includes 64-bit
support that helps deployments for managing massive data and is,
therefore, uniquely suited to address diverse Smart City segments.
Rolta and Hitachi India Pvt. Ltd. entered into an MoU for
jointly addressing significant market opportunities in high-growth
business segments in India, and to
explore establishing a JV for strategic business collaborations for
infrastructure systems in large verticals, including Smart City
initiatives. Some examples of success in various Smart City
segments:
- City Planning, Citizen Services and eGovernance:
- After winning large projects for City Planning applications in
Dubai, Abu Dhabi and Saudi
Arabia, the Company has now been selected for a
multi-million dollar contract in another major Middle-East country which entails implementing
Web-enabled GIS with 2D/3D 'intelligent maps' for secure access by
various stakeholders.
- The Company implemented a national GeoPortal for Citizens for
an apex organization in Saudi
Arabia, which has been selected to receive the prestigious
"Geospatial World Excellence Award".
- The Company completed a US Trade & Development Agency
project for collecting and monitoring Nanjing's transportation data from hundreds of
sensors and providing dashboards to assist in management of traffic
and environmental parameters in real-time. Rolta leveraged its
patented Rolta iPerspective™, a platform for integration of
disparate sources of data, Rolta OneView™ for business
intelligence, and Rolta Geospatial Fusion™ to integrate spatial
attributes.
- Rolta recently won a large order in India from the state of MP for a 'smart
governance' solution to establish a 'State Residential Data Hub'
("SRDH") to streamline delivery of benefits directly to citizens.
Rolta's SRDH is a repeatable solution and suited to fulfill the
needs of various States, who are under directives of the Central
Government to implement SRDH solutions.
- After successfully delivering a "Rural Livelihood" solution in
Bihar, Rolta won a large order from the state for a "Smart
Healthcare Portal".
- Rolta's eGovernance solution implementation recently received
the prestigious "eGovernment Excellence Award
2015" from the Government of Bahrain.
- Utilities and Assets Management:
- After establishing its credibility with Thames Water in the UK
through some key projects for spatially enabled analytics for asset
management, Rolta recently won a contract from the client for a
strategically important solution for performance and regulatory
compliance reporting services, an area of interest to most utility
companies in the UK, thereby opening up a new avenue for
business.
- In recognition of Rolta's commitment to providing high-value
innovative solutions and services, Northern Power Grid in UK
awarded significant additional scope to enhance their
spatially-enabled business systems.
- Rolta contracted with IBM in Qatar to integrate its GIS solutions with
IBM's Asset Management Solution for Ashgal.
- Transportation:
- The Company was awarded a contract by Dubai RTA for developing
a system for centralized issuance of electronic No-Objection
Certificates ("eNOC") to various agencies for carrying out public
works in a coordinated manner, thereby reducing costs and delays.
Most GCC countries have evinced keen interest in such an eNOC
solution.
- With its geospatial integration approach, Rolta implemented
web-enabled planning and map-publishing system leveraging
Rolta OnPoint™ for direct access by various stakeholders,
including the public, through a secure portal in Saudi Arabia.
- In a recent engagement, Rolta was asked by an apex Transport
Authority in the Middle-East to
develop a sophisticated and unified security solution to streamline
access to their Internet and intranet systems by diverse users,
including access by the public.
- Another project being executed by Rolta in the Transportation
vertical is for a provincial Ministry of Transportation (MOT) that
manages Canada's largest network
of transit, road, highway, border, and bridge infrastructure. The
solution will provide a platform to MOT for prioritizing budget
allocations for maintenance and capital projects.
- Rolta has been selected to develop a Traffic Impact System in
the UAE. This multi-million dollar project will leverage Rolta
Geospatial Fusion OnPoint™ and provide a comprehensive solution to
improve the overall financial health of operations, and increase
cost recovery on capital projects.
Engineering Information Management: Rolta is positioned
very strongly due to its unique ability to integrate its portfolio
of engineering solutions with enterprise-level IT applications,
thereby raising the value proposition much beyond traditional
applications and services.
- Global Leader (Fortune 100 Company):
In North America, Rolta renewed
its Master Services Agreement with a global energy solutions
company with diversified interests that include power generation
and water technologies. Rolta's engagement with this customer for
engineering-IT services and solutions is worth multi-million
dollars. Rolta is entrusted with design and development of
enterprise-wide global engineering data management standards and
work-flows to enable automated manufacturing of plant equipment and
to provide a platform for integration of Operations Technology (OT)
and business systems (IT).
- Sadara Chemical Company: Sadara is a JV between Dow
Chemicals and Saudi ARAMCO. It engaged Rolta last year on a
multi-million dollar contract to implement a comprehensive
Engineering Information System. The success of the initial phase
has led to award of an equally significant additional scope during
the year. The project at Sadara includes implementation and
integration of 30 engineering applications to support all aspects
of the engineering work processes in all the 26 plants of Sadara.
The customer is extremely satisfied with Rolta's performance on the
first phase which is now nearing completion, and Rolta is in
advanced discussions for award of additional scope of work, again
valued at multi-million dollars.
Enterprise IT Consulting Services
Rolta's Enterprise IT Consulting group's world-class expertise
in Oracle technologies is well recognized. Rolta has successfully
completed numerous projects for EBS upgrades, BI consolidations,
EPM, and Fusion Middleware. The Company is looked up to for
providing cutting-edge solutions for deployment of sophisticated IT
Infrastructure such as for Cloud-enablement and enterprise
security, with multi-year Managed Services engagements. Rolta
received an IT Excellence Award from VMware in India, for the "Best implementation of
Private Cloud Automation", recognizing Rolta's expertise and
innovative approach to implementing such cutting edge technologies.
Rolta is Oracle's worldwide Platinum Partner with specializations
across an extended Oracle Technology stack. Rolta and Oracle
jointly address some complex customer needs to leverage Rolta's
expertise and IP.
- The Company built upon its enviable track-record in BFSI for
designing and implementing sophisticated applications, including
Hyperion-based EPM solutions. Many large banks engaged Rolta for
developing and implementing applications like balance sheet
planning, and forecasting. The Company won a contract to provide
guidance and support to implement technologies for Comprehensive
Capital Analysis and Review (CCAR), a stress test imposed by the
U.S. Federal Reserve that incorporates proposed capital outflows
and assesses capital planning processes.
- The Company has completed many projects for Oracle technology
upgrades across many vertical segments. For example, Rolta recently
upgraded the Oracle E-Business Suite for a global provider of blood
and plasma supplies, a successful completion of the project to
migrate their ERP system from a competing platform to Oracle
R12.
- Driven by recognition of the unique benefits of
Rolta SmartMigrate™, the automated solution for migration of
applications and databases from one technology platform to another,
Rolta is being increasingly sought by customers wanting to
consolidate technologies. For example, Safran Software Solutions, a
Norwegian multinational company, completed the migration of their
flagship "Safran Project" solution for risk management in
asset-intensive industries, using the Rolta technology.
Business Intelligence and Big Data Analytics
During the year, the Company continued to gain significant
traction in BI/Big Data Analytics area with new
opportunities for Rolta OneView™ and major extension of
scope of existing engagements. The Company was engaged by clients
in Transportation, Chemicals, and Utilities, besides Oil & Gas.
The release of Rolta OneView™ 6.0
has positioned the solution platform even higher in the competitive
landscape by significantly enhancing its features and pre-built
functionality. It is now Cloud-ready and supports multi-tenancy and
multi-site implementations. This release brings significant
innovations in predictive and prescriptive analytics and supports
various languages such as Chinese, Japanese, Russian, Spanish,
German and Arabic. Rolta is now able to gain much wider access to
the large SAP customer base through its strategic OEM partnership.
The Company is engaged in paid pilot projects in various verticals
in many regions, some of which are close to contract awards.
- Upstream: Rolta won a prestigious order from Cairn India
for implementing a sophisticated analytics solution with
Rolta OneView™ to provide spatially-enabled predictive
analytics in real time to take preemptive action to minimize
downtime of production wells. Similarly, another premier O&G
exploration and production company in the Middle-East engaged Rolta to develop a
solution for Composite Risk Management. The Company continues to
work with the client to enhance the scope of BI and analytics
insights for decision support.
- Refining: One of the largest global refiners, a Fortune
500 company, selected Rolta OneView™ for its ambitious program to
implement an enterprise-class, scalable solution to provide an
integrated view of operations across all functional areas at all of
its refining units to improve reliability of operations.
Rolta OneView™ demonstrated its wide pre-built functionality
and flexibility to meet the customer's specific needs for reduction
in maintenance cost per asset and process quality
improvements.
- Chemicals: An Oman
petrochemical manufacturer selected Rolta to implement Rolta
OneView™ to provide an enterprise Manufacturing Intelligence
Solution with OT/IT integration. With high ROI realized quickly,
the customer has awarded a sizable add-on contract for extra
functionality. Rolta is in the process of deploying Rolta OneView™
for a major US company to enable them to get deeper insights into
quality processes and performance across their widely dispersed
manufacturing plants. This would enable the customer to
achieve cost and capacity optimization.
- Transport: Utah and
Nevada Departments of Transportation (DOT) engaged Rolta to develop
and implement path-breaking solutions with a focus on exploiting
Rolta OneView™ features for BI/Analytics. These trend-setting
implementations are expected to set new geo-enabled BI/Analytics
standards for State DOTs in the U.S. This is a repeatable solution
eminently suited to fulfill the needs of DOTs under the nationwide
MAP 21 initiative.
- BFSI: Building upon its BI/Big Data and Data Science
expertise, Rolta has added several products to its portfolio for
predictive analytics to address 'Asset Liability & Liquidity
Management', 'Fraud & Crime Prevention', and 'Early Warning for
Stressed Assets' for the BFSI vertical.
About Rolta: Rolta is a leading provider of
innovative IP-led IT solutions for many vertical segments,
including Federal and State Governments, Defense/HLS, Utilities,
Oil & Gas, Petrochemicals, Financial Services, Manufacturing,
Retail, and Healthcare. Rolta is recognized for its extensive
portfolio of indigenous solutions based on field-proven Rolta IP
tailored for Indian Defense/HLS. By uniquely combining its
expertise in the IT, Engineering and Geospatial domains, Rolta
develops exceptional IP-based Cloud-ready solutions to enable its
customers globally to readily exploit the power of BI, Big Data
Analytics, and IT-OT Fusion. Rolta is a multinational
organization headquartered in India. The Company operates from over 40
locations worldwide and has executed projects in more than 45
countries. Rolta equity shares are listed on BSE and NSE in
India, its GDRs are listed on the
Main Board of London Stock Exchange and its 'Senior Notes' are
listed on Singapore Stock Exchange.
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 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 does not undertake, and disclaims
any obligation, to update them.
For additional information please
visit http://www.rolta.com, or contact:
Atul Tayal
JMD & COO - Domestic Ops
Member of the Board
adtayal@rolta.com
Tel: +91(22)2926-6666
Hiranya Ashar
JMD - Int'l Ops and CFO
Member of the Board
hiranya.ashar@rolta.com
Tel: +91(22)2926-6666
Preetha Pulusani
President - Americas
Member of the Board
preetha.pulusani@rolta.com
Tel: +1(678)942-5000
SOURCE Rolta India Limited