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PRESS RELEASES

07 November 2011

Unaudited Results for the Quarter ended 30 September 2011

Orbit Corporation Limited (“OCL”), a leading premium developer in the Mumbai Metropolitan Area with significant presence in niche and premium locations of South and South Central Mumbai, declared its unaudited financial results for the quarter ended 30 September 2011.

 

Key Financial Highlights

  • Total income for Q2FY12 stands at INR 1054 mn as compared to INR 867 mn in Q1FY12

  • EBITDA for Q2FY12 stands at INR 295 mn

  • PAT for Q2FY12 stands at INR 42 mn

  • Area sold in Q2FY12 stands at 9,034 sft at a value of INR 241 mn

  • Outstanding order book stands at INR 6808 mn at the end of Q2FY12

  • EPS for Q2FY12 is INR 0.37

Top Management’s Key View Points on Industry and Outlook

  • Execution beginning to gear up with improved regulatory scenario

  • Prices across MMR have remained largely stable

  • Buyer enthusiasm firming up with rising enquiries
  • Commercial market fundamentals continue to improve since past two quarters with increased economic activity and corporate hiring

Orbit Corporation Limited (OCL)

(BSE: 532837; NSE: ORBITCORP; Reuters: ORCP.BO; Bloomberg: ORB@IN)

 

Forward Looking Statement

Certain statements in this document may be forward looking based on certain assumptions of future events over which the Company exercises no control. Hence this involves number of risks and uncertainties which could cause the actual results to differ materially from those that may be projected or implied by these forward looking statements. Such risks and uncertainties include, but are not limited to: our ability to manage growth, competition, attracting and retaining skilled professionals, time and cost overruns, regulatory approvals, market risks, domestic and international economic conditions, changes in laws governing the company including the tax regimes and exchange control regulations.

 
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