Calcutta, Oct. 22: Rolta India Ltd’s board today recommended an issue of bonus shares in the ratio of one equity for every share held. The issue needs to be approved by shareholders at the company’s annual general meeting on November 16.

The bonus will be given from the company’s general reserves, which stood at Rs 975.24 crore as on June 30, 2007.

The company today announced its unaudited financial results for the quarter ended September 30, 2007.

It has reported a net profit of Rs 61.39 crore for the period compared with Rs 40.03 crore for the corresponding quarter of the previous year.

Total income increased to Rs 203.64 crore from Rs 133.67 crore. On a consolidated basis, the group clocked a net profit of Rs 53.82 crore after providing for losses from minority shares. Total income increased to Rs 230.66 crore from Rs 157.28 crore.

Rolta India has nine overseas subsidiaries and two joint ventures. On a standalone basis, the company has been able to improve its operating profit margin during the quarter to 52 per cent from 51.53 per cent a year ago. Net profit margin also increased from 30.89 per cent to 31.75 per cent.