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Aug 22, 2012, 05.01 PM IST
Software services provider Rolta India's consolidated net profit fell by 29% quarter-on-quarter to Rs 47.7 crore in the quarter ended June 2012, mainly attributed to forex loss due to adverse currency movement of rupee and dollar.
The rupee was trading at 56.30 to the US dollar at the end of the June quarter as against 51.15 to the dollar in the beginning of quarter. Consolidated net sales rose by 4.5% to Rs 445 crore from Rs 426 crore during the same period. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 24.7% QoQ to Rs 243.06 crore in the fourth quarter of FY12. The company has redeemed the outstanding foreign currency convertible bonds (FCCBs) worth USD 134.7 million including redemption premium of USD 38 million on the due date. Now there are no FCCBs outstanding on company's books. At 14:24 hours IST, the stock was trading flat at 68.30.
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