MUMBAI, Nov. 10, 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 the quarter ended
September 30, 2017 (Q2 FY - 18).
FINANCIAL HIGHLIGHTS
- Consolidated Revenue for Q2 FY-18 at Rs. 748.77 cr (Rs. 7.49
Billion) against Rs. 723.88 cr (Rs. 7.24 Billion) in Q1
FY-18, registering a growth of 3.4 % Q-o-Q.
- Consolidated EBITDA for Q2 FY-18 at Rs. 246.89 cr (Rs. 2.47
Billion) against Rs. 251.63 cr (Rs. 2.52 Billion) in Q1
FY-18, registering a decline by 1.9% Q-o-Q.
- Consolidated profit after tax for Q2 FY-18 at Rs. 33.30 cr (Rs.
0.33 Billion) against Rs. 32.91 cr (Rs. 0.33 Billion) in Q1
FY-18, registering a growth of 1.2% Q-o-Q.
Mr. K. K. Singh, Chairman and
Managing Director said, "The pace of technology and its rapid
absorption together with the disruption it can bring in every walk
of life is accelerating day by day. At Rolta our IP led solutions
strategy and investments in the recent past have been focused on
the Digital technologies for all our lines of business. This is
ensuring Rolta remains resilient and relevant as it helps
organisations to successfully embark on their Digital
Transformation journey. This is helping the Company to forge
long-term relationships with its customers, and create new
opportunities that deliver significant value and returns."
CORPORATE HIGHLIGHTS
Rolta's persistent efforts at innovation and R&D continues
unabated to augment and enrich its growing portfolio of software
products and solutions addressing the growing demand for Digital
transformation cutting across industries. As a result, Rolta is now
able to venture into new solution areas while also judiciously
treading into allied industry verticals. The Company's
single-minded pursuit for developing innovative IP has also
resulted in the grant of patent (No. US 20150331584 A1), by the US
Patent & Trademark Office. This patent for 'Use of style sets
to assist a user in digitizing GIS layers' provides a novel
approach to restrict users working on digitizing GIS features to
specific style parameters and thereby ensure creation of data that
can be exported in a lossless manner to specific systems by mapping
between styling systems of different products.
Defence and Security
C4ISR has been identified as a key component for modernisation
of the armed forces, ushering Digitisation, Net-Centricity and
synchronisation of intra and inter services military operations.
Rolta's C4ISR solutions, deployed in hundreds of key operational
sites along the land and maritime boundaries are being exploited
for day to day operational activity. As a result, Rolta is poised
to greatly benefit due to its track record and investments in
creating indigenous products and solutions for the Indian Defence,
over last two decades.
In addition to the existing suit of C2 and ISR, Rolta is
focussing on cutting edge technologies to develop a number of
solutions like Rolta Operational Planning (ROP) Software Suite, War
gaming for CI/CT and Conventional Ops.
In the Aeronautical Domain Rolta is addressing Information Based
Flight Planner and Air Force Overall Planning Solution for planning
of complex aircraft missions. It is a highly versatile planning
system with embedded war-gaming and decision support for optimal
performance. Rolta Search & Rescue Solution provides analysis
tools for the probable crash area thus saving precious time in
critical situations where the ejected aircrew are in need of
immediate medical attention.
Rolta has successfully expanded its business into Military
Security and Communications domain with focused approach on
Software Defined Radio (SDR) and High Capacity Radio Relays in
partnership with world leaders.
Some of the new initiatives undertaken by Rolta Defense,
envisage addressing the security and operational needs of the
Central Armed Police Forces, in view of enhanced internal threats,
border security and deteriorating law and order situation in the
country. These include, situational awareness, Common Operating
picture, Operational and intelligence planning tools and UAV Sensor
data analysis.
Rolta continues to play a strong role in the Defense Security
market in India by providing a
full range of solutions that cover Border management, Critical
military infrastructure protection, Def
Cyber security, Coastal security, Vessel Traffic Management
Solution(VTMS) and Multi-agency integration and Emergency response
systems. Rolta's indigenous field proven Defense security
solutions, like Rolta Command and Control™ and Rolta Crime
Analytics™ have been recognized for the significant value they
bring to security programs across the nation.
Rolta has successfully harnessed Geo BI and big data analytics
technologies which provide Machine learning and Artificial
Intelligence, Predicative and Prescriptive Analytics. We have
invitation to bid in RFIs for the cutting-edge 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.
The Battlefield Management Systems (BMS)aimed at ushering in
Digital Transformation of the Indian Army, is a flagship Project
for which the consortium of BEL and Rolta are fulfilling their
responsibilities as a Development Agency. We continue to achieve
major milestones within the stipulated timeframes with the active
support and guidance of the Indian Army.
Geospatial and Engineering Asset Information
Management
With decades of expertise and leadership in Geospatial
technologies, Rolta has built a formidable track record and IP for
replicable Smart City Solutions which include creation of rich
digital geospatial repositories, Cloud based multi-agency data
integration and collaboration as well as building citizen facing
Geoportals with mobility. On the back of a very recent contract
from Saudi GCS for a nationwide Digital Transformation program and
their decision to standardise on the Geoportal solution developed
by Rolta, Saudi Madinah Development Authority awarded a US
$1.2M contract to establish their
Digital Geospatial enabled repository, multi-agency integration and
Smart City portal. This is also expected to encourage other
agencies in the Kingdom of Saudi
Arabia to follow suit.
Rolta's in-depth experience of building Asset Information
Management (AIM) systems of Engineering assets continues to bring
tremendous opportunities. Organisations require effective Asset
Lifecycle Management for both strategic planning as well as
tactical maintenance and analytics. In line with this, Rolta won a
major extension from one of the largest green field Petrochemicals
complex in the world, a longstanding customer, for structuring,
organizing and managing their vast amounts of asset data.
Similarly, a leading international engineering, procurement, and
construction (EPC) elected to engage Rolta for the engineering
design of a leading Specialty Chemicals company which is also
expected to grow into a multiyear multimillion dollar asset
information management contract. Another example is that of a
leading process technology company entrusting Rolta with a
significant extension for creating an 'Intelligent Engineering
Asset Information' solution as part of the modernization program of
an Indian Refinery.
Enterprise IT, Cloud, Mobility and Cyber Security
Rolta addresses a variety of Enterprise IT, Converged System
& Cloud Transformation, Mobility and Enterprise / Cyber
Security requirements by combining its innovative IP and technical
skills which is resulting in significant success and traction
globally. For example, an American electric utility customer
selected Rolta for their data centre transformation to improve
productivity. Similarly, a Fortune 500 Health Services and
Distribution company, a long-standing customer, awarded Rolta with
an additional US $ 6.1 M contract to enhance their
private Cloud infrastructure along with edge communication systems
across their distribution network. A non-profit group of hospitals
in North America chose Rolta's
mobility and security solution to empower their doctors with mobile
access across locations, while in the BFSI segment, a bank holding
company in North America awarded
Rolta with a US $ 1.9 M contract to
address their mobility requirements.
Having successfully deployed a multi-million-dollar multi-year
unified Identity and Access Management project in the Middle-East for one of the largest Government
authorities, Rolta has now been entrusted with an additional
multi-million-dollar contract for multiyear support and
enhancements. In India, Rolta won
a multi‑year Enterprise IT project worth US $ 1.5 M for the deployment of a robust cloud
based ERP together with a high degree of automation by creating
complex workflows for a newly formed government authority. The
solution will enable them to manage their accounting, financials,
costing, taxation, payroll, procure to pay cycle as well as capital
budgeting amongst others.
IoT and Big Data Analytics
Rolta's rich heritage of creating and designing digital
repositories enriched with Geospatial as well as Engineering data
has uniquely positioned the Company to analyse intricate data
patterns and thereby extract the deepest insights from the digital
data. 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. This is
enabling the company to address the emerging Industry 4.0 Digital
Transformation programs that process manufacturing industries are
embarking on.
The Company continues to invest in its flagship Rolta OneView®
Enterprise Suite, a unique Big Data Analytics solution through
innovations in the areas of IIoT, AI, Machine Learning, Data Lake,
Enterprise Knowledge Hub, Self Service BI and Predictive Analytics.
Rolta OneView™ Industry knowledge model is a powerful pillar of the
converged solution. The Company continues to enhance its inherent
technology differentiators such as multi-tenant architecture,
globalization support, extensibility and scalability, logical data
warehouse for enterprise data lake. Additionally, the Company is
also investing in adding to its growing portfolio of Business Value
Apps. For example, one of the world's largest LNP and integrated
gas operations company in the Middle
East having deployed an Enterprise wide solution spanning 14
business functions elected to enhance their solution. They engaged
Rolta to deploy a Business Value App in order to automate their
daily reporting and self-service analytics. Similarly, in the
Utilities segment, Rolta won major extensions in UK from a water
utilities as well as a power distribution company for their
geospatially enabled Asset Information Management, reporting and
analytics solution.
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
http://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 – Finance
& Corporate Affairs
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.