MUMBAI, India, Aug. 11, 2018 /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
June 30, 2018 (Q1 FY - 19).
FINANCIAL HIGHLIGHTS
Consolidated Revenue for Q1 FY-19 at Rs. 636.53 cr (Rs. 6.37
Billion) against Rs. 617.92 cr (Rs. 6.18 Billion) in Q4
FY-18, registering a growth of 3.0 % Q-o-Q.
Consolidated EBITDA for Q1 FY-19 at Rs. 200.22 cr (Rs.
2.00 Billion) against Rs. 92.23 cr (Rs
0.92 Billion) in Q4 FY-18, registering a growth of
117.1% Q-o-Q.
Consolidated profit before tax for Q1 FY-19 at Rs. -35.79 cr
(Rs. -0.36 Billion) against Rs. -135.30 cr
(Rs. 1.35 Billion) in Q4 FY-18, registering a substantial
improvement over last quarter.
Mr. K. K. Singh, Chairman and Managing Director said, "Our
singular focus, IP led solutions strategy and investments have been
concentrated in the area of Digital technologies. This is ensuring
Rolta remains resilient, relevant and committed to driving
innovation and helping organisations successfully embark on their
Digital Transformation journey. These investments and
innovation-led approach position us very well to continue gaining
market share and delivering value for our customers."
CORPORATE HIGHLIGHTS
Digital Transformation continues to drive sweeping change in the
world around us. Digital technologies allow organizations to
reinvent themselves – transforming the core of the business while
identifying and deriving new value from their growing digital data
assets. Rolta is helping various organisations and government
bodies to accelerate the digital transformation by abstracting the
complexities of the nexus of technologies such as Geospatial,
Engineering, Big Data, Internet of Things, Cloud, Cyber Security,
Mobility and Social Media through Rolta's digital transformation
platforms and solutions built on growing portfolio of IPs and
replicable software solutions.
Defence and Security
The Defence Planning Committee under the NSA has mandated that
the Indian Armed Forces must prepare for future wars and be
modernized with the highest priority. The thrust is towards
modernizing the Defence & Security forces through indigenous
routes, reducing dependence on imports by encouraging Indian
industry. It is envisaged that developments in the field of
Command, Control, Communications, Computers, Intelligence
Surveillance and Reconnaissance (C4lSR) will be harnessed to
achieve digitization and synchronization of intra and inter
services military operations based on the new categorisation of
'Buy (Indian-IDDM)' (Indigenously Designed, Developed and
Manufactured). Rolta is very well positioned to address large
upcoming opportunities in defence domain with a large repository of
its own indigenous and field proven IPs.
Rolta's 64 Bit next generation Indigenous ISR technologies
include Rolta Advance Imaging Suite (RAIS) being extensively used
for transborder based Imagery Intelligence (IMINT) collection using
multi-date stereo / mono high-resolution satellite Imagery, mission
specific oblique aerial photography and UAVs/ Drone feeds in
real-time. RAIS is capable of rapidly producing variety of valued
added military geospatial data products such as true ortho, PAN
sharpened imageries, seamless mosaic covering the entire Command
theatre / Corps zone etc. rapidly. Rolta has responded to an RFI
for procurement of latest ISR systems to modernise the Intelligence
Systems of the Army through the Buy Indian IDDM categorization,
placing Rolta in a favourable position.
Rolta has implemented its IP based, Enterprise C2 solution with
embedded GIS features for supporting the management of Joint
Warfare at Indian Tri-Services HQ. The proliferation of this
solution across all nodes of the recently commissioned Defence
Communication Network is under trial & evaluation and is likely
to be implemented shortly. In the Aeronautical Domain, Rolta has
responded to RFIs for Aeronautical Charting and Information Based
Flight Planner and Air Force Overall Planning System.
Rolta is actively developing first of its kind indigenous War
Gaming and Simulation solution for Counter Insurgency and Counter
Terrorism (CI/CT) operations. This will enable the Army and Para
Military to provide dynamic and cost-effective training to
Battalion/Company and Platoon levels to meet the real challenges
being faced by them by simulating operational and tactical
scenarios.
In defence communications domain, Rolta has adopted a focussed
approach towards communication solutions based on Software Defined
Radios (SDR) and in collaboration with foreign technology partner
have responded to the DG Signals RFI for high value DG Signals SDR
project.
The Indian Army's Battlefield Management System (BMS) is its
most ambitious program aimed at ushering in Digital Transformation
of the Indian Army. The Consortium of BEL and Rolta as a designated
Development Agency continue to make progress.
Rolta's world class Command & Control (C2) including Vessel
Tracking solutions are ideally suited to the Border Security &
Management along 15000 Km of the country's land borders and 7500 Km
of its Coastline. The Company is participating in an ambitious
program of the Border Security Force (BSF) to secure the country's
borders and has responded to a recent RFP.
Rolta has successfully harnessed Geo-BI and Big Data Analytics
technologies for meeting the needs of the Indian Defence. These
indigenous solutions provide Geospatial enabled Machine Learning,
Artificial Intelligence, Predictive, Prescriptive and Spatial
Analytics which will be utilized to address large Defence digital
enablement programs.
Digital Solutions: Geospatial, Asset Management, Enterprise
IT, Security, Cloud and Big Data Analytics
Rolta continues to win projects in the areas of Geospatial &
Engineering Systems, Enterprise IT, Big Data and Analytics and
Defence & Security by differentiating its solutions by uniquely
combining its strengths in these areas of expertise with its
growing portfolio of exceptional Rolta IP based solutions.
Investments in the Company's IP led strategy continue unabated and
has led to the Company having successfully obtained many Patents
together with 650+ copyrights registrations for software
packages.
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 has been successfully leveraging its Geospatial
expertise and proven IP in the areas of Smart Cities and
e-Governance. For example, Rolta has been successfully creating a
seamless digital repository comprising of up-to-date mapping and
geospatial information covering the entire nation with an
integrated bilingual Geoportal for secure multi-channel
dissemination and collaboration for one of the largest countries in
the Middle East. This has led the
Company being awarded several additional contracts for significant
enhancements in project scope. During the quarter Rolta also
responded to Digital Transformation opportunities across multiple
refineries for two large integrated energy majors in India, to establish their corporate wide
Digital Data Asset Management Solutions.
During the quarter in North
America, Rolta has won several multi-million dollar
contracts for Converged Systems, Cloud, Security, Mobility
Solutions with ongoing managed services. For example, a retail
fashion clothes group engaged Rolta for consolidating their data
centre using hyper-converged solution and seamlessly migrating
their digital assets. A Fortune 500 Healthcare organization,
who is also a long-standing customer in North America awarded Rolta with a contract to
enhance their private cloud infrastructure along with edge
communication systems across their distribution network. Similarly,
another Healthcare provider tasked Rolta to develop and build their
storage and disaster recovery strategy to protect their growing
digital assets. In the transportation sector a large North American
travel centre operator elected to engage Rolta to implement a
converged database solution tuned for high performance computing.
In the Middle East, Rolta won a
US $ 2.5M+ contract for Cyber Security to manage the
customers Cloud based Identity and Access Management Solution.
Successful implementations through such engagements often leads to
a long term enduring managed services opportunity where Rolta is
engaged to manage the customer's environments on a 24 X 7 basis.
For example, a North American emergency dispatch service engaged
Rolta to manage their virtualized servers, network, data and
security while a Department of Administrative and Financial
Services for a state government has engaged Rolta to
comprehensively manage all aspects of their security requirements
covering their Cloud servers, databases and platforms as well as
user access rights.
In the Transportation segment for an apex shipping authority in
India, Rolta is successfully
delivering a large Cloud based digital transformation program for
automation of all organizational functions related to shipping,
operations and maintenance while also providing deep
cross-functional analytical insights and decision support by
leveraging Rolta OneView™. They recently invited Rolta to respond
to their RFP for a Big Data solution to monitor and track shipping
vessels across the globe while also collecting information about
foreign ships entering territorial waters for information
dissemination to various stakeholders. While in the Middle East, a major independent government
authority, also a long-standing customer, selected Rolta for
enhancing its "Electronic No Objection Certificate" System and
migrating to it new business process model engine.
In the Energy and Utilities sector, Rolta won a strategic US
$ 3M contract for a Cloud based Rolta
OneView™ Smart Meter data management solution from a prestigious UK
based organisation engaged in monitoring data and communication
networks of energy operators. This solution will help
them to monitor regulatory compliance, seamlessly automate
meter-to-cash reconciliation leveraging in-memory Big Data
Analytics while also providing cross-functional visibility.
Furthermore, it has the potential of being extended to over 150
energy operators and suppliers. Another long-standing customer of
Rolta in the power distribution segment in the UK, provided a major
extension of scope for their ongoing asset management system with
comprehensive geospatial and analytics functionality.
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
President – International Operations
Member of the International Board
preetha.pulusani@rolta.com
Tel: +1 (678) 942-5000
Lt. Gen K.T. Parnaik
JMD – Defence & Security
Member of the Board
kt.parnaik@rolta.com
Tel: +91 (22) 2926-6666
Rajesh Ramachandran
JMD – Global Products & Technology Solutions
Member of the Board
rajesh.ramachandran@rolta.com
Tel: +91 (22) 2926-6666
Ramakrishna Prabhu
Director – Finance & Corporate Affairs
Member of the Board
ramakrishna.prabhu@rolta.com
Tel: +91 (22) 2926-6666
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SOURCE Rolta India Limited