Rolta India reported a consolidated net profit of Rs 65 crore in the second quarter of FY12, a growth of 4.8% as compared to Rs 62 crore in the previous quarter.
It posted a forex loss of Rs 13.4 crore against a loss of Rs 26 crore quarter-on-quarter. KK Singh, chairman and managing director, Rolta India in an interview to CNBC-TV18 said, the company is hopeful of seeing a reversal of mark-to-market (M-T-M) losses of FCCBs in the third quarter. Its consolidated net sales slipped 2.9% to Rs 472 crore in October-December quarter from Rs 486 crore in the earlier quarter. Singh said, Rolta is undergoing a change in the business model, so volume growth can be lower going ahead. However, the bottom-line is expected to improve going ahead. "We have gone from a service company to a solution company. The change in this model certainly means higher margins for us. Our overall volume growth maybe lower, but we are focusing on the bottom line." Below is the edited transcript of SinghDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
