Rolta India rose 2.56% to Rs 60.20 at 11:15 IST on BSE after consolidated net profit rose 11.1% to Rs 70.26 crore on 33.5% growth in revenue to Rs 627.77 crore in Q1 September 2013 over Q1 September 2012.
The Q1 result was announced after market hours on Thursday, 24 October 2013.
Meanwhile, the S&P BSE Sensex was up 2.78 points or 0.01% at 20,728.21.
On BSE, 1.26 lakh shares were traded in the counter as against average daily volume of 91,579 shares in the past one quarter.
The stock hit a high of Rs 61.95 and a low of Rs 59.30 so far during the day. The stock had hit a 52-week high of Rs 69.90 on 18 March 2013. The stock had hit a 52-week low of Rs 50 on 12 June 2013.
The stock had underperformed the market over the past one month till 24 October 2013, rising 1.12% compared with Sensex's 4.04% gain. The scrip had also underperformed the market over the past one quarter, advancing 2% as against Sensex's 3.16% rise.
The small-cap IT firm has equity capital of Rs 161.33 crore. Face value per share is Rs 10.
Rolta India's consolidated revenue rose 2.5% QoQ in Q1 September 2013. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12.6% to Rs 239.34 crore in Q1 September 2013 over Q1 September 2012. EBITDA rose 5.3% over Q4 June 2013.
Rolta India said that the profit after tax (PAT) for Q1 September 2013 is strictly not comparable with Q4 June 2013 as it includes an exceptional item of additional depreciation.
Commenting on the company's Q1 earnings, Mr. K K Singh, CMD, Rolta India said, "We are very encouraged by the continued positive response we are receiving for our solutions based on Rolta's Intellectual property (IP). We now have a rich repository of sophisticated field-proven solutions that are helping us to monetize our extensive investments through higher IP based revenues and longer term annuity contracts".
Rolta India provides IT solutions for many vertical segments, including federal and state governments, defense/HLS, utilities, process, power, financial services, manufacturing, retail and healthcare.
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