Thursday, February 12, 2015

Atlanta Ltd.

Atlanta Ltd. Q3FY15 & 9mFY15 Financial Result Highlights
Q3FY15 PAT up 301% Y-O-Y to Rs 13.99 crore            
9mFY15 PAT up 189.45% Y-O-Y to Rs 41.97 crore

Mumbai, February 9th, 2015: Atlanta Limited (BSE: 532759; NSE: ATLANTA), A Mumbai based leading Infrastructure Development Company has announced its results for Q3FY15 and Nine months ending 31st December 2014
Atlanta Ltd. has reported a jump of 189.45% in its net profit to Rs.41.97 crore fornine months ending 31st December 2014, compared to Rs 14.5 crore for the nine months last fiscal. During the same period its revenue increased by 57 % to Rs 278.36 crore from Rs.177.3 crore.
It has reported a jump of 301% in its net profit to Rs.13.99 crore for Q3FY15, compared to Rs 3.49 crore in Q3FY14. During the same period its revenue was Rs 86.02 crore, flat Y-O-Y.
The company’s EBIDTA increased by 90.5 % to Rs.92.13 crore for nine months ending 31st December 2014 from Rs. 48.36 crore in the same period last year. For Q3FY15, the company’s EBIDTA increased by 231.25 % to Rs.48.13 crore from Rs. 14.53 crore in the same period last year.

The company’s PAT margins improved to 15.07% for nine months ending 31stDecember 2014 as compared to 8.17% for the same period last fiscal. For Q3FY15, the company’s PAT margins improved to 16.26% as compared to 3.97% for the same period last fiscal.

The basic EPS for 9mFY15 stands at Rs.5.08 compared to Rs1.71 last year. For Q3FY15 the basic EPS stands at Rs.1.65 compared to Rs0.36 last year.

Mr. Rajhoo Bbarot, Chairman and Managing Director, Atlanta Ltd“We at Atlanta have been successful to continue the momentum with a strong performance which is reflected through our performance for Nine months FY14- 15. The Punjab project will get operational during the last quarter of FY 2015, adding to increased revenues and margins.”

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.

About Atlanta Limited
Atlanta Limited is a fast growing dynamic, versatile infrastructure and realty company. The company is an ISO 9001:2008 certified, well diversified, value focused and asset based Company with pan India presence.

A niche and specialized player, Atlanta has a diversified and de-risked work portfolio comprising roads, highways, bridges, railways, airports and other urban infrastructure projects. It has over 3 decades of experience in Infrastructure development, Engineering, Procurement, Construction (EPC) contracts & innovative realty projects pan India.

Atlanta has always been at the forefront of adopting new construction technology to improve efficiency and enable rapid execution while ensuring high quality.  The company has carved a niche in its each of sectors of its presence driven by a strong management vision and foresight.

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