Atlanta disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 4.99 times to Rs 192.30 million from Rs 38.50 million in the same quarter last year.
Net sales for the quarter for the quarter rose 2.87 times to Rs 1,298.20 million, compared with Rs 452.70 million for the prior year period.
The company's EBIDTA increased by 101 % to Rs 289 million for Q1FY15 from Rs 144 million 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 Rs 0.45 in Q1FY14.
Rajhoo Bbarot, chairman and MD, Atlanta, ''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 Rajhoo Bbarot''
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 1,298.20 | 452.70 | 186.77 |
| Net Profit | 192.30 | 38.50 | 399.48 |
| Basic EPS | NA | NA | |
Shares of the company gained Rs 11.95, or 19.29%, to trade at Rs 73.90. The total volume of shares traded was 979,418 at the BSE (3.43 p.m., Monday).
