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Last Updated : Mar 12, 2018 11:54 AM IST | Source: CNBC-TV18

Rolta India eyeing Rs 350-400 net profit in FY19; plan to declare dividend

The debt of around Rs 6000 crore after restructuring various options would come down substantially, said, KK Singh, CMD, Rolta India.

CNBC TV18 @moneycontrolcom

Rolta India is in the limelight after the company bagged various digital transformation contracts from different industries like telecom, shipping and power.

Throwing more light on the above development, Chairman and Managing Director KK Singh of the company said the total orderbook is now around Rs 3000 crore.

The breakup of the Rs 365 crore orders that they recent won, Rs 160 crore is from power, Rs 25 crore Smart City orders and shipping is around Rs 80 crore including others.

The debt of around Rs 6000 crore after restructuring various options would come down by around half, said Singh, adding that it will ensure interest savings of Rs 300 crore.

In FY19, the company is poised to do Rs 350-400 crore net profit, said Singh.

Painting an upbeat scenario for FY19, Singh said it is also likely that they would declare dividend.
First Published on Mar 12, 2018 11:33 am
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