Rolta India surges 5% on dividend of Rs 3/share

Moneycontrol Bureau

Shares of Rolta India jumped 5 percent intraday Friday as the company announced a Rs 3 dividend.

However, the company's quarter ended June 30 was disappointing with a net loss of Rs  Rs 1,046 crore against a profit of Rs 73 crore in the year-ago period. It reported a 7.3 percent revenue growth at Rs 612.2 crore against Rs 569.96 crore. Its EBITDA stood at Rs 227.29 crore against Rs 219 crore during the quarter.

In an interview to CNBC-TV18, KK Singh, CMD of the company says that margins for the entire year has been at 40 percent. Margins in FY13, ended June 2013, came in lower than the 44 percent it reported in the previous year due to an acquisition in the US. He expects margins to go up in this current year and monetise the investment better.

The stock closed at Rs 62.20, up Rs 2.55, or 4.27 percent on the BSE.