· Consolidated Revenue for FY-08 at Rs. 1,072.21 Crores (Rs. 10.72 Billion) against Rs. 711.41 Crores (Rs. 7.11 Billion) in FY-07, registering a Y-o-Y growth of 50.7%.

· Consolidated EBITDA for FY-08 at Rs. 389.73 Crores (Rs. 3.89 Billion) against Rs. 286.62 Crores (Rs. 2.86 Billion) in FY-07, registering a Y-o-Y growth of 36.0%.

· Consolidated PBT for FY-08 at Rs. 268.46 Crores (Rs. 2.68 Billion) against Rs. 194.31 Crores (Rs. 1.94 Billion) in FY-07, registering a Y-o-Y growth of 38.2%.

· Consolidated PAT for FY-08 at Rs. 230.59 Crores (Rs. 2.30 Billion) against Rs. 172.64 Crores (Rs. 1.72 Billion) in FY-07, registering a Y-o-Y growth of 33.6%.

· Q4 Revenue at Rs. 321.11 Crores (Rs. 3.21 Billion) as against Rs. 288.37 Crores (Rs. 2.88 Billion) in Q3, registering a Q-o-Q growth of 11.4%.

· Q4 EBITDA at Rs. 112.20 Crores (Rs. 1.12 Billion) as against Rs. 100.77 Crores (Rs. 1.00 Billion) in Q3, registering a Q-o-Q growth of 11.3%.

· Q4 PAT at Rs. 50.83 Crores (Rs. 508.3 Million) as against Rs. 48.85 Crores (Rs. 488.5 Million) in Q4 FY-07, and Rs. 65.72 Crores (Rs. 657.2 Million) in Q3 FY-08 after providing for Rs 30.18 Crores (Rs. 301.8 Million) as foreign exchange revaluation loss on FCCBs for mark to market (MTM), considering the exchange rate as on June 30, 2008 in accordance with Accounting Standard AS-11. This MTM provision of Rs. 30.18 Crores (Rs. 301.8 Million) does not entail cash outflows and will be reversed if and when FCCBs are converted.

· Consolidated Cash and Cash equivalents as on June 30, 2008 over Rs. 500 Crores (Rs. 5.00 Billion).

· The Board has recommended a dividend of Rs. 3 per share for FY-08, against Rs. 2.50 per share (post bonus) in FY-07.

· Book Value per share at Rs.73.60, Consolidated Net worth at Rs. 1,184 Crores & Market Cap exceeding US$ 1 Billion.

Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director, said: “We continue to experience healthy growth in the high-value specialised segments we serve, in spite of the challenges posed by the prevailing economic climate. We are encouraged by the increasing demand for our solutions and services in domestic and international markets and are constantly focused on moving up the value chain, thereby increasing the value-proposition for our customers. We have a well thought out growth strategy that embraces an organic, inorganic and joint venture approach for rapid expansion. With a strong platform, cohesive strategies and unique business model, we are well poised to meet and exceed our stakeholders’ expectations.”
OPERATIONAL HIGHLIGHTS

Geospatial Information Systems (GIS)

Rolta has significantly enhanced its portfolio of solutions and services by innovatively blending the capabilities of OnPointTM, PeriscopeTM and other business intelligence tools from its bank of Intellectual Properties, to create Geospatial FusionTM, a very unique solution that enables instantaneous fusion of various disparate geospatial & non-spatial databases and software applications for generating real-time reports and immediate decision-making. This solution is designed to protect technology investments made by organizations in legacy applications by using a Service Oriented Architecture (patent application filed and pending for grant in US) and easily configurable Web applications, much beyond traditional GIS applications.

These initiatives, coupled with the rolling out of new solutions and services in geographies across the world, helped the Company to achieve accelerated growth during the year.

Reinforcing its leadership in the Indian Defence Geospatial market, Rolta has developed and deployed complex software solutions for precise target location, UAV video integration, oblique imagery analysis, high-speed image compression, critical incident monitoring/hot-spot identification, and the planning/guidance system for the BRAHMOS cruise missile.

The Company became a principal member of OGC®, the Open Geospatial Consortium. This will enable the Company in taking a leadership role in promoting the benefits of interoperable geospatial information systems in the Indian and international markets.

Rolta Thales Limited (RTL), the Company’s joint venture with Thales, France, launched state-of-the-art solutions for C4ISTAR information systems, Military Communications, Digital Soldier & Vehicle Systems, covering the entire “sensor to shooter” chain, under transfer of technology from Thales. RTL has also signed an MoU with Thales for the “Offset” program of Indian Defence. The Company has received Defence Industrial Licences for manufacturing of Maritime, Aerospace, Electronic Warfare, Optronics and Communications equipment and systems.

Engineering and Design Services (EDS)

The Company continued to move up the value chain and is the preferred provider of high-end technology services in the 3D plant design environment. Rolta has enhanced the value of its portfolio by launching “Engineering Enterprise Solutions” for oil, gas, chemical and power industries that support EPC’s and Owner-Operators throughout the plant life-cycle; thereby strengthening its leadership position in India and as a world-class services provider for international markets

Stone & Webster Rolta Limited (SWRL) continues to achieve high growth. SWRL is executing several large projects for petrochemical companies and refineries, including one in the Far East for Exxon Mobil for the largest plant of its kind in the world. Rolta, through SWRL is uniquely positioned to address the emerging opportunities in the nuclear power sector by leveraging the strengths of its JV partner, The Shaw Group Inc., USA, a world leader in this field, who also has a strategic stake in Westinghouse – a world leader in manufacturing nuclear reactors.

Enterprise Information & Communication Technology (EICT)

The EICT portfolio has undergone a paradigm shift and is now focused towards mission-critical applications, providing significant opportunities, especially in the Engineering and Utilities sectors because of a workflow that requires the integration of Design, Engineering, Mapping and ERP. Accordingly, as a part of its systematic and aggressive growth plans, Rolta has adopted a clear acquisition strategy of taking over companies that provide a synergetic mix of Technology and IPR, enabling Rolta to move up the value chain. In keeping with this strategy, the Company acquired “Orion”, a Canadian geospatial technology company and “TUSC”, a US IT consulting company specializing in ERP applications and services based on the complete range of Oracle technologies.

The Company has also continued to grow its e-security and network management business across Europe, North America and the Middle East. With the addition of Oracle applications and ERP practice, the EICT segment now contributes significantly to the Company’s business and its share is expected to increase in the coming years.

Organization

During the year, the Company strengthened its managerial teams significantly worldwide, by inducting very high calibre professionals in management positions, in various geographies and vertical segments. The Company established the Rolta Academy to train and induct staff, through intensive structured training as per the requirements of its business units. During the year, the Company recruited over 1500 experienced professionals at all levels in the organization – the number of Roltaites now exceeds 5,000, world over. The Company continues to expand its delivery centres and is in the process of completing a state-of-the-art facility at SEEPZ SEZ, Mumbai that can house an additional 3,000 professionals. Rolta successfully rolled out a comprehensive ERP solution to streamline its global operations and integrate acquired companies. The Company has received many accolades and awards during the year, e.g. the “Geospatial Leadership Award” by Geospatial Today.