Rolta India March 09 Results Analysis

Rolta India posted its financial results for the third quarter ending March 09,
Rs.84.01 crores, forex losses on FCCB of $ 150 million,
Forex losses, upto June 08, have been adjusted against opening revenue reserve. As this loss will get capitalized in case it is used for fixed assets or would get amortized over a period, other expenses for the quarter rose by Rs.11.87 crores, due to this. So net addition to the bottomline for the quarter is at Rs.72.14 crores.
For quarter, total income is placed at Rs.244.68 crores, which is almost equal to its preceding two quarters.

EPS for March 09 quarter is at Rs.9.90 while it is at Rs.16.50 for nine months ending March 09. Hence on expected EPS of Rs.22 for the year, share at Rs.100 is fully priced. thanks