Rolta india - q1 net zzooooooms

Rolta India, specialized technology solution and service provider today announced a rise of 50% in the consolidated net profit for the quarter ended June 2009. During the quarter, the company reported a consolidated profit of Rs 762.30 million as against profit of Rs 508.30 million for the quarter ended June 30, 2008.

In the same period, consolidated revenues of the company stood at Rs 3,327 million, a growth of 3.60% over the prior year period.

The board of directors of the company has recommended a dividend of Rs 3 a share for FY`09.

Commenting on the results, K.K chairman and managing director said, `` We continue to strengthen our businesses and move up the value chain, thereby delivering enhanced value to our customers worldwide. This approach has become all the more relevant in these difficult times and we believe that as the economic outlook turns positive, we will be even better placed to deliver value to all our stakeholders.``

Shares of the company declined Rs 2.7, or 1.72%, to trade at Rs 153.90. The total volume of shares traded was 2,244,981 at the BSE (3.14 p.m., Monday).