MUMBAI, May 30, 2017 /PRNewswire/ -- Rolta India Limited
(Rolta), a leading provider of innovative IP-led IT solutions for
many vertical segments, including Defense and Security, today
announced financial results for the quarter and the audited results
for the year ended March 31, 2017 for
the first time under INDAS.
FINANCIAL HIGHLIGHTS
- Consolidated profit after tax for Q4 FY-17 at Rs. 52.34 cr (Rs.
0.52 Billion) against Rs. 36.94 cr (Rs. 0.37 Billion) in Q3 FY-17,
registering a Q-o-Q growth of 41.7%.
- Consolidate Profit before Tax and exceptional items for Q4
FY-17 at Rs. 63.35 cr (Rs. 0.63 Billion) against
Rs. 36.37 cr (Rs. 0.36 Billion) in Q3 FY-17, registering
a Q-o-Q growth of 74.2%.
- Consolidated Revenue for Q4 FY-17 at Rs. 731.28 cr
(Rs 7.31 Billion) against Rs. 911.23
cr (Rs. 9.11 Billion) in Q3 FY-16, registering a Q-o-Q
decline of 19.7%.
- Consolidated Profit after Tax and exceptional item for twelve
months FY-17 at Rs. 166.74 cr (Rs. 1.67 Billion) against Rs.
183.79 cr (Rs. 1.84 Billion) in previous year, registering a
Y-o-Y decline of 9.3%.
- Consolidate Profit before Tax and exceptional items for twelve
months FY-17 at Rs. 178.50 cr (Rs. 1.79 Billion) against Rs.
145.83 cr (Rs. 1.46 Billion) in previous year, registering a
Y-o-Y growth of 22.4%
- Consolidated Revenue for twelve months FY-17 at Rs. 3179.88 cr
(Rs.31.80 Billion) against
Rs. 3799.59 cr (Rs. 38.00 Billion) in previous year,
registering a Y-o-Y decline of 16.3%.
- The Board of Directors have not recommended dividend for
Financial year 2017.
Mr. K. K. Singh, Chairman and
Managing Director said, "We have been charting a course to
constantly transform Rolta to remain relevant in the face of
relentlessly changing digital technologies and market needs while
still remaining focused on core competencies and transition from
Services to a predominantly IP led Solutions organization. We are
now able to bring together rich solutions powered by our growing
portfolio of IP and uniquely combining these with deep vertical
specific domain expertise together with decades of Geospatial,
Engineering and Enterprise IT experience. This long and arduous
journey for transformation of close to a decade required
significant investments while Rolta's growing product portfolio was
enriched and started gaining global acceptance. Going forward, I am
confident Rolta will greatly benefit from nonlinear growth because
of our IP led Solutions."
CORPORATE HIGHLIGHTS
Rolta now owns a vast repository of around 250 registered
copyrights for software packages powering the Company's
differentiated Digital Transformation Solutions in the areas of
Defence, Smart Cities, Cloud, Enterprise and Cyber Security as well
as BI and Big Data Analytics. As part of its ongoing innovation
each of the products suites are enriched with new features and
functionality based on a well-defined roadmap and formal releases.
This is clearly reflected by Rolta's innovative solutions
continuing to receive industry recognitions and accolades. The
Company's persistent efforts at developing cutting edge IP was
recently rewarded with the grant of one more patent (No. US
9,594,955 B2) by the US Patent & Trademark Office with several
more being in the pipeline. This patent is for a fast-computational
algorithm enabling dynamic display and will be a critical
differentiator in defence applications.
This year, the Geospatial World Forum honored Mr. K. K. Singh, the Founder of Rolta, as a 'Living
Legend' in the Geospatial Hall of Fame, one amongst ten such World
Leaders in the Geospatial Industry recognized globally.
A few notable awards received by Rolta during the year include
Frost and Sullivan naming Rolta as the "IT Solutions Provider - Oil
& Gas" for the 2nd consecutive year recognizing the Company's
outstanding achievements in 'Digital Transformation' while Rolta in
the US was recognized by VMWare with the Global Professional
Services Partner of the Year award for Rolta's Cloud Solutions.
BUSINESS HIGHLIGHTS
The world of information technology is changing dramatically
with the emergence of disruptive Digital technologies. The nexus of
these technologies and the pervasive hyper connected networks is
responsible for the deluge of digital data and is posing major
challenges to organizations. Rolta with its rare combination of
deep Geospatial and Engineering expertise combined with its IT
prowess and differentiated IP based software packages has developed
an enviable track record to help its customers on their Digital
Transformation in each of the areas it serves.
Defense and Security
Rolta has successfully deployed its Command, Control,
Communications, Computers, Intelligence, Surveillance and
Reconnaissance (C4ISR) solutions at more than 175 installations
with the armed forces in India,
enabling them to achieve synergy in inter service military
operations. Extensively deployed along the sensitive land borders,
they are being exploited to ward off current threats in day to day
operations.
As one of the world leaders in Geographical Information Systems,
this year Rolta joined a handful of companies worldwide, with the
latest 64-bit release of its C4ISR software suite which brings
sophisticated technology to fully exploit the latest advances in
satellite and aerial imaging. This Next Generation ISR Solution
seamlessly integrates Photogrammetry and Imaging with GIS to
dynamically generate and display vast expanses of high quality
imagery necessary for intelligence, operational planning and
execution. This release sees several major enhancements for Data
Creation supporting latest generation of satellites, multiple
change monitoring algorithms to detect changes, Strategic and
Tactical planning, Operational and Mission planning with a bevy of
tools such as line of sight, Counter Infiltration and Counter
Terrorism modules amongst others. These features and
functionalities have been well received and appreciated at various
levels across the armed forces.
During the year, the Company won multiple prestigious orders
from National Remote Sensing Establishments incorporating Rolta IP
to enable these data processing agencies with all-weather, day and
night reconnaissance capability. In Homeland Security, with the
implementation of specialized communications projects across the
country, Rolta has successfully established itself in the rapidly
expanding mission critical communications segment. For example, as
part of its on-going support to Maharashtra Police, Rolta recently
ushered in the digital transformation of their mission critical
communications network by deploying sophisticated digital
communication systems. Rolta's presence now covers the remotest
corners of the country having successfully implemented and
operationalized the NAVTEX a project for wireless communication
with shipping covering the entire coast of India including Andaman and Nicobar
Islands
The Battlefield Management System (BMS), aimed at ushering in
Digital Transformation of the Indian Army, is one of the largest
such program in the world, with an estimated expenditure of
Rs. 70,000 Crores. The Consortium of BEL and Rolta selected as
a Development Agency for BMS is fulfilling its responsibilities and
continues to achieve major milestones within the stipulated
timeframes under the active support and guidance of the Indian
Army.
Rolta as an Indian organization with rich indigenous IP and an
established track record is eminently suited and poised to reap the
benefits arising out of the recent "Make India" vision and
introduction of new categorization, "Buy Indian IDDM" (indigenously
designed, developed & manufactured). Rolta is being invited for
major pan-India digital enablement
initiative, examples of which include, invitation to bid in RFIs
for the cutting edge Software Defined Radio and a BI and Big Data
Analytics Solution to deliver actionable insights and predictive
analytics across diverse types of assets such as weapons &
ammunition, vehicles, equipment, personnel, etc.
Digital Solutions: Geospatial, Asset Management,
Enterprise IT, Security, Cloud, and Big Data Analytics
Businesses today are no longer satisfied by automating business
transactions but are looking for Business Outcomes to remain
relevant and succeed in the Digital Economy. This revolution is
being fueled by technologies such as the Cloud, Mobility,
Enterprise / Cyber Security, Internet of Things (IoT) and Big Data
Analytics, amongst others. With over 80% of digital data having a
locational context, adding a geospatial dimension is vital for
deeper insights. Rolta with its growing portfolio of innovative
solutions is building enduring relationships with its customers
embarking on their Digital Transformation journey. The Company has
established an enviable track record and is capable of designing,
building, optimizing and subsequently managing these solutions for
its customers as a single vendor.
Geospatial and Engineering Asset Information Management: Rolta
has built end-to-end Geospatial capabilities enabling the Company
to create secure geospatial enabled digital repositories, build
rich and interactive web based portals for smart insightful
decision making and culminating in Geospatial Analytics to drive
business outcomes. Having deployed more than 400 geospatial enabled
Smart City projects in leading cities across Canada, North
America, Europe,
Middle East, and India, Rolta has built deep expertise and a
rich proven portfolio of rapidly deployable productized solutions.
During the year, the Company continued to make inroads with
multi-million dollar contracts, both in India and across the globe, covering a variety
of Smart City solutions in diverse areas such as Economic
Development, Urban Planning and Land Management, Transportation,
Utilities and Smart Governance to name a few.
Asset intensive industries have realized the intrinsic value of
their digital asset information and are demanding robust
Engineering Information Management systems for effective plant
management. Rolta's unique ability to integrate its portfolio of
engineering solutions with enterprise-level IT has positioned the
Company to address this growing demand. Over last few years Rolta
has successfully delivered hundreds of million dollar projects in
North America, Middle East, Japan and India. Asset Lifecycle Management solutions
are essentially precursors to large digital transformation
initiatives which many industries are adopting to address the
problems of having accurate, up-to-date data for subsequent deeper
analytics. Examples of successes include Rolta recently commencing
a project to establish an "Intelligent Asset Information" solution
for a world's leading process technology supplier for deployment at
a major refining company in India.
Similarly, in the Middle East,
Rolta was recently selected by one of the largest petrochemical
conglomerate to consolidate all their process assets, comply with
standards and provide centralized access to the latest as-built
information of their plant assets by maintenance and project teams.
One of the largest Water and Sewerage Services company in UK
engaged Rolta to build their Asset Hierarchy and Migrate the data
from their current system to SAP based on Rolta's IP led automation
and deep engineering expertise in Asset Information Management
Solution.
Enterprise IT, Cloud, Mobility and Cyber Security. In this
digital era, organisations are increasingly embracing Mobility and
the ubiquitous Cloud computing for greater accessibility and
flexibility, customisation and integration with their enterprise
applications such as ERP and Web Portals. The movement of data
outside the confines of the organisation's firewall is raising
security issues and Rolta has developed a tiered security approach
covering cyber, perimeter, network, endpoint, application and data
security with a comprehensive portfolio of solutions and services
that exploits Rolta IP at all stages.
Armed with these capabilities Rolta has won business of more
than a hundred million during the year by providing end-to-end
solutions in Enterprise IT, Converged System and Cloud
transformation, Mobility and Enterprise / Cyber Security. For
example, a major National Insurance and Financial Services Company
in the US awarded a US $ 6.2M contract while another large
Hospital in North America awarded
a US $ 3.9M contract for designing
and transforming their Data Centers into a private cloud
environment. A good example of Rolta's ability to manage Cloud
based infrastructure together with its underlying databases is that
of a global cloud based SaaS provider again choosing Rolta to renew
its US $ 7.7M contract to manage
their environment. In the Mobility space, Rolta won a US
$ 3.2M contract from a large global health care distribution
company to address their mobility requirements and modernize their
mobile device infrastructure.
Some illustrative examples in Enterprise / Cyber Security
include a Fortune 500 Global health products distribution company
signing a US $ 3.6M contract with
Rolta to implement a Smart Network Security solution while another
major US restaurant chain tasked Rolta with improving their network
and mobile security across 1500 restaurants. In the Middle East, Rolta successfully deployed a US
$ 3.5M comprehensive Cyber Security
solution covering Identity and Access Management for both internal
users as well as 2.5 million citizens accessing the portals with
their unique IDs.
IoT and Big Data Analytics: This is another area which is
gaining remarkable momentum world over. Rolta addresses the full
spectrum of Big Data analytics maturity journey from initial
advisory, data discovery, enablement of big data landscape,
establishing an asset information model (AIM) to secure IoT
integration and advanced analytics. Rolta's unique IP is a vital
differentiator in automating several aspects of this journey.
Rolta's flagship enterprise product continues to remain at the
leading edge with innovations such as AI, Deep Machine Learning,
Data Lake and Predictive Analytics. As a result, Rolta OneView™
continues to win industry and analyst accolades as well as gaining
global traction.
The maturity and exceptional value of Rolta's Products and
Solutions are clearly evident from the tremendous traction built by
Rolta over the years with more than a 100 BI and Big Data Analytics
customers worldwide. This customer base includes several
marquee clients who have adopted Rolta's BI and Big Data Analytics
Solution for their Digital Transformation including 11 Fortune 500
companies and 2 Indian Navratnas. What is even more encouraging is
that Rolta's BI and Big Data customers span across all the asset
intensive industries served by the company. For example, 3 out of
top 10 petrochemical and chemical companies 8 leading Oil &
Gas, one of the largest water services company in UK, 3 of the
Forbes global power companies, one of India's largest gas distribution company and
several Department of Transport in US & Canada and a leading smart transportation
authority in the Middle East chose
to partner with Rolta for their Big Data analytics.
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 Homeland Security. 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.
For additional information please visit
www.rolta.com, or contact:
Preetha
Pulusani
|
Lt. Gen K.T.
Parnaik
|
Rajesh
Ramachandran
|
Ramakrishna
Prabhu
|
President –
International Operations
Member of the
International Board
|
JMD – Defense &
Security Business
Member of the
Board
|
JMD – Global Products
& Technology Solutions
Member of the
Board
|
Director – Corporate
Affairs & CFO
Member of the
Board
|
preetha.pulusani@rolta.com
|
kt.parnaik@rolta.com
|
rajesh.ramachandran@rolta.com
|
ramakrishna.prabhu@rolta.com
|
Tel: +1 (678) 942
5000
|
Tel: +91 (22) 2926
6666
|
Tel: +91 (22) 2926
6666
|
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 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.
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SOURCE Rolta India Ltd.