by NR INDRAN / INT

Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the third quarter of FY12 and nine monthsof FY12. The Companyhas recorded Consolidated Revenue of Rs. 218.26crore for Q3FY12 as against Rs. 420.40crore for Q3FY11 and Rs. 690.21crore for 9MFY12 as against Rs. 763.29crore for 9MFY11.

The Consolidated Profit BeforeTax for Q3FY12 was Rs. 137.49croreas against Rs. 143.17crore for Q3FY11and for 9MFY12 was Rs. 418.02crore as against Rs. 449.75crore for 9MFY11.

The Consolidated Profit After Tax for Q3FY12 was Rs. 102.07 crore as against Rs. 205.23 crore for Q3FY11 and for 9MFY12 was Rs. 319.28 crore as against Rs. 380.53 crore for 9MFY11.

The Company sold 5.3 Lakh sqft for 9MFY12 as against 4.1 Lakh sqft for 9MFY11 a growth of ~30%

*Commenting on the results, Mr. Vikas Oberoi, Chairman &Managing Director, Oberoi Realty Limited said,**“Given the challenging market conditions over the last few quarters, we are satisfied with our performance. The volume growth that we have seen during this fiscal year is reflective of the confidence that the customers repose in our product and in our known financial and operational capability to deliver that product. We will focus on continuing with our financially prudent practices in land acquisitions as well as in operations. The Government is a key partner for all businesses and we welcome the rule-based and non-discretionary policy measures brought in by the authorities which will level the playing field for all developers.”*

*BUSINESS HIGHLIGHTS *

*Investment Properties (Retail, Office Space and Hospitality) *

Oberoi Mall contributed Rs. 19.70 crore to the operating revenue for the Q3FY12 as against Rs. 18.23 crore in Q3FY11 and Rs. 58.59 crore for the 9MFY12 as against Rs. 48.50 crore.

Commerzcontributed Rs. 10.73crore to the operating revenue for the Q3FY12 as against Rs. 11.42 crore in Q3FY11 and Rs. 32.53 crore for the 9MFY12 as against Rs. 34.06 crore in 9MFY11.

The Westin Mumbai Garden City contributed Rs. 24.82crore to the operating revenue for the Q3FY12as against Rs. 21.98crore in Q3FY11and Rs. 64.88 crore for the 9MFY12 as against Rs. 43.07 crore in 9MFY11.

*Development Properties (Residential) *

Oberoi Esquire: The Companyhas sold ~6.4 lakhsqft. till date which comprises ~32% of the project. The total sales value till date is Rs. 750.07 crore; but there has been no revenue recognition as it is yet to reach the threshold level of construction completion.

Oberoi Exquisite: The Companyhas sold ~8.1 lakhsqft. till date which comprises ~54% of the project and recognized revenue of Rs. 50.54crorefor Q3FY12 and Rs. 162.59 crore for 9MFY12.

Oberoi Splendor Grande: The Companyhas sold ~1.7 lakhsqft.till date which comprises ~59% of the project and recognized revenue of Rs. 32.39crorefor Q3FY12 and Rs. 84.92crore for 9MFY12.

Oberoi Splendor: The Company hassold 12.1 lakhsqft.till date

which comprises ~95% of the project and recognized revenue of Rs. 29.70crore for Q3FY12 and Rs. 122.04 crore for 9MFY12.

Oasis Realty: The construction contract has been awarded to Samsung C&T and work on the site is proceeding at a hectic pace.

AWARDS & RECOGNITION: *

Oberoi Realty won the following awards in 2011 APREA Best

Practices Awards

Emerging Markets – Accounting and Financial Reporting Category

Country Award – Best Submission from India

Commerz won the ‘Luxury Commercial Project of the year’ award by Property World Awards 2011

Oberoi Mall won the ‘Best Mall’ by Society Interiors Building Design Awards 2011 The Westin Mumbai Garden City was runner-up the ‘Best

Hospitality Design Award’ by Society Interiors Building Design Awards 2011

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