KK Singh, CMD, Rolta India says that the 11.4-percent rise in PAT to Rs 70.39 crore and healthy order-book levels have allowed the company to increase its guidance from the earlier levels of 10-15 percent for the whole year. Going forward, Singh told CNBC-TV18, the company will focus on intellectual property.
Rolta India recently got a USD 31 million contract from Memphis Light Gas and Water for Oracle enterprise resource planning (ERP) Project. KK Singh, CMD of Rolta India told CNBC-TV18 the importance of such a large order, strategies and the future expectations.
K K Singh, CMD of Rolta India told CNBC-TV18 there is no forex loss for the company in the current quarter. Instead they had a forex gain of Rs 4 to Rs 5 crore in the quarter ended September, he said. Singh further added that Rolta has an orderbook of Rs 2300 to Rs 2400 crore and they are now looking at three to four large deals.
Kamal K Singh, CMD, Rolta, says that in this quarter the cost of FCCB burden was more and the income from other source has been low due to depreciation of rupee, which impacted on forex losses.
K K Singh, chairman and managing director, Rolta, says that the company has changed their business model and is currently only focusing on high-end business model. Both on domestic and international front, the company has good client visibility. The company expects the margins to improve with the good order book and strong growth.
In an interview to CNBC-TV18, KK Singh, the chairman and managing director of Rolta India talks about the funding of USD 135 million which it has tied up via external commercial borrowings to buyback and or redeem its Zero Coupon Foreign Currency Convertible Bonds due on June 29.
KK Singh, chairman and managing director, Rolta India said, the company is hopeful of seeing a reversal of mark-to-market (M-T-M) losses of FCCBs in the third quarter
KK Singh, chairman and managing director of Rolta says, external commercial borrowings (ECB) funding for FCCB repayment is almost finalised. “It’s almost in the last leg of finalisation. We should be able to do that in the first week of January.”
In an interview to CNBC-TV18, KK Singh, chairman and managing director of Rolta says, for this year (July 2011-June 2012), the company has given a guidance of 12-15% top-line growth.
The Indian rupee has hit a fresh two-year low as it fell to 48 against the dollar in early trade on Wednesday. KK Singh, chairman and managing director of Rolta India, discusses the impact of rupee’s decline on Indian companies on CNBC-TV18.
Chairman and managing director, KK Singh gave guidance for the next year that they would do 15% for both, margins and revenues. The company had begun an Intellectual Property (IP) oriented company and saw an improvement in its margins. The company’s order book is also getting healthier now, he added.
Rolta India announced its third quarter results on Friday. The company's Q3 consolidated PAT rose 7% at Rs 84 crore versus Rs 78.1 crore, quarter-on-quarter, QoQ. Its consolidated net sales jumped 4.26% at Rs 460 crore versus Rs 441.2 crore, QoQ. Its EBIDTA was up 5.34% at Rs 183.2 crore versus Rs 173.9 crore, QoQ.
In an interview with CNBC-TV18, KK Singh, CMD, Rolta, spoke about the results and his outlook for the company.
Rolta has announced that it has sold 50% of its stake in Shaw Rolta. In an interview with CNBC-TV18, KK Singh, CMD, Rolta India threw light on the stake sale.