Rajoo Bbarot, Promoter, Chairman & Managing Director, Atlanta Limited

India Infoline News Service | Mumbai | October 31, 201411:48 IST

"We are eyeing Rs. 500 crore revenue for FY2015."

Rajoo Bbarot, Promoter, Chairman & Managing Director, Atlanta Limited holds a Bachelor's degree in Science from the University of Mumbai. He has promoted and has been the driving force in the growth of the Company. He has 34 years of experience in construction business and has carried out a wide range of civil engineering projects of large magnitude like that of construction of Highways, Airfield Pavements, Buildings, Reinforced Concrete tracks and mining. He was also a member of the Mechanization Committee set up by the Ministry of Surface Transport for up gradation and modernization of road construction equipment from 1988-1990. He was a member of the 'Working group on National Highways for privatization of roads' of the Confederation of Indian Industries. He possesses strong domain knowledge and expertise.

Atlanta Limited is a fast growing dynamic, versatile infrastructure and realty company. The company also has an outstanding track record with years of enviable experience in surface mining. The company is an ISO 9001:2008 certified, well diversified, value focused and asset based Company with pan India presence. 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 Engineering, Procurement, Construction (EPC) contracts & innovative realty projects pan India.
 
Speaking with Yash Ved of IIFL, Rajoo Bbarot says "We are eyeing Rs. 500 crore revenue for FY2015."
 
Brief us about your Financials?
The company 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.
 
When Punjab project will get operational?
The Punjab project will get operational during the second half of FY 2015.
 
Brief us about your current and upcoming infrastructure projects?
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.
 
The company had 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.
 
What is your current order book position?
Our current order book position stands at Rs1500 crores.
 
Brief us about your projects in real estate space?
We have three projects in Mumbai, Delhi and Jodhpur.
 
We have residential project in ABT Project in Malad, Atlanta House - DWARKA and OLYMPIC LIFE STYLE in Jodhpur
 
What is your current employee strength?
We have approximate 70 numbers of employees in Head Office and approximate 350 nos. of employees at various sites.
 
Your revenue target for FY15?
We are eyeing Rs500 crore revenue for FY2015.

 

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