Mumbai: Atlanta Limited, A Mumbai based leading Infrastructure Development Company has announced its results for the first quarter ended 30th June 2014.

Atlanta Ltd. has reported a jump of 400 % in its net profit to Rs. 19.23 Crore for the first quarter ended June 30, 2014, compared to Rs. 3.85 crore for the first quarter last fiscal. During the same period its revenue increased by 187 % to Rs.129.82 crore from Rs. 45.27 crore.

The company’s EBIDTA increased by 101 % to Rs.28.90 crore for Q1FY15 from Rs. 14.40 crore in the same quarter last year.

The company’s PAT margins improved to 15% in Q1 FY 2015 from 9% in Q1FY14

The basic EPS for Q1FY15 stands at Rs.2.34 compared to Rs0.45 in Q1FY14.

Mr. Rajhoo Bbarot, Chairman and Managing Director, Atlanta Ltd, “We at Atlanta have been successful to attain the momentum with a strong performance which is reflected through our performance for Q1 FY 15. The Punjab project will get operational during the second half of FY 2015, adding to increased revenues and margins.”

“Recently, the company had bagged a new order from NHAI for a stretch of 205.16 Km 4 lane Road in State of Assam on OMT basis. We expect the revenues from the same to start from next quarter onwards, which will further help us to boost our revenues and profits, adds Mr. Rajhoo Bbarot”

With the award of this project, Atlanta has 1603 Km of single lane width under operation/ development out of which 1135 Km single lane width road will be operational during the current fiscal.

Atlanta had successfully commissioned India’s first Greenfield BOT project on National Highways – Udaipur Bypass on PPP basis within the record time of 18 months as against stipulated time of 36 months. Atlanta presently has five projects on DBFOT basis.

Source: Lokesh Shastri