Rolta India has seen a steady quarter. Higher finance cost weighs on profit but margins have improved.
In an interview to CNBC-TV18, KK Singh, CMD of Rolta India discussed more about the performance.
We are consciously taking away our low end system integration job so we have been on the transformation, so we have transformed our business in last two-three years. Now we are very IP-led solutions, he said.
Finance cost is steady now, it is not going to go up, we are not taking any loans for same, he added.
On defence, he said, we are doing quite well in defence. Rolta India is one of the very few companies in India, which are qualified for IDDM which is a programme where the defence gives priority to the Indian developed and designed products.
Defence is a very important sector for us, Singh further mentioned.
For full interview, watch accompanying video...
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