Orbit Plaza Orbit WTC Orbit Arya Orbit Haven Orbit Terraces

Date – 27th January 2010

ORBIT CORPORATION LIMITED – QUARTERLY RESULT Q3-FY10

Orbit Heights Villa ORB Orbit Grand Orbit Eternia Orbit Residential Park

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DAKey Corporate Announcements

Profit and Loss Details

Balance Sheet Details

Cashflow and Debtor Details

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Project Data 8

Result Snapshot and Revenue Break-Up 4

Project Data 8

Sales Data

Sales Analysis as on Q3FY10

Revenue Recognition and Outstanding Book

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Corporate Information and Compliance 13

Shareholding Details 14

Project Details 9

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SAward - BEST RESIDENTIAL PROPERTY (less than 1 lakh sft)Key Corporate Announcements

� Villa Orb conferred “Best Residential Property” (less than1

lakh sft) at the Annual CNBC Awaaz-Crisil CREDAI Real Estate

Awards 2009

� Appointment of Mr. Shahzaad Dalal, current Chairman and

CEO, ILFS Investment Managers LLC, as Independent Director on

the Board of Directors of Orbit Corporation Limited

� Investment Agreement dated 27th January 2010, for an amount

upto INR 1650 mn in Orbit Highcity Pvt. Ltd. - wholly owned

subsidiary of OCL for construction and development of Orbit

Mandwah - Township Project

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Performance HighlightsKey Performance Highlights

Particulars

Consolidated INR mn

(Unaudited)

Q3-FY10

(Unaudited)

Q2-FY10

(Un-audited)

Q3-FY09

Total Income 1517.8 1419.0 483.1

EBITDA 384.3 451.8 171.2

PBT 271.8 334.3 78.2

PAT 320.2 249.3 30.2

� Total income for Q3-FY10 has grown 214% compared to Q3-FY09

and 7% compared to Q2FY10

� EBITDA margin for Q3-FY10 stands at 25.3%

� PBT for Q3-FY10 has increased to INR 271.8 mn compared to INR

78.2 mn in Q3-FY09, an increase of 248%

� PAT margin for Q3-FY10 has improved to 21.1% compared to

6.3% in Q3-FY09 , an improvement of 1,484 bps

� PAT for Q3-FY10 has increased to INR 320.2 mn compared to INR

30.2 mn in Q3-FY09 , an increase of 960%

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Revenue Component Analysis (Amount wise – INR mn) Revenue Component Analysis (Percentage wise)

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Orbit Arya

19.2%

Orbit

Eternia

0.2%

Orbit

Terraces

26.0%

Orbit

Haven

5.9%

Orbit WTC

48.8%

Orbit Arya

28.60

Orbit

Eternia

0.26

Orbit

Terraces

38.76

Orbit

Haven

8.82

Orbit WTC

72.78

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Q3

QoQ Margin Comparison

Tax Rate

Tax write back for the current quarter is INR 48.41 mn.

The Company has provided for current tax amounting to INR 52.97 mn for Q3FY10 as

per MAT provisions as the taxes payable under Regular Tax Regime is less than the

prescribed limit (10%) of book profit. The Company also recognised MAT credit

entitlement amounting to INR 39.06 mn for Q3FY10 to be realised against regular

taxes payable in future.

Profit and Loss Account (Consolidated) INR mn

Quarter ended 31st December 2009

Operating Income 1,496.1

Other Income 21.7

Total Income 1,517.8

Expenditure 1,133.5

EBIDTA 384.3

Profit Before Tax 271.8

Provision for Tax (48.4)

Profit After Tax 320.2

EPS (INR) – Basic 6.07

EPS (INR) – Diluted 5.99

EBITDA PAT

25.3%

21.1%

31.8%

17.6%

31.7%

16.3%

35.4%

6.3%

Q3-FY10 Q2-FY10 Q1-FY10 Q3-FY09

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taxes payable in future.

The Company has further written back INR 62.38 mn in Q3FY10 for deferred tax asset.

This is mainly due to permanent difference arising due to substantial income of the

company attributable to eligible deduction u/s 80IB of the Income Tax Act, 1961 and

also net of various timing differences like depreciation, employee benefits, deferment

of income etc.

Interest Details INR mn

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QoQ Comparison (INR mn)

Total Interest Cost 163.6

Interest Capitalized 62.3

Interest charged to P&L 101.3

The Company has following Accounting Policy for accounting of ‘Borrowing Costs’ in

compliance of AS 16 “Borrowing Costs”

“Borrowing Costs that are attributable to the acquisition, construction or production of

qualifying assets are capitalised as part of the cost of such assets till such time as the

asset is ready for its intended use or sale. A qualifying asset is an asset that necessarily

takes a substantial period over twelve months of time to get ready for its intended use

or sale.

All other borrowing costs are recognized as

expense in the period in which they are incurred”.

Total Income EBITDA PBT PAT

1,518

384272

320

1419

452334

249

1,110

352232

180

483

17178 30

Q3-FY10 Q2-FY10 Q1-FY10 Q3-FY09

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� Net worth* as on 31st December 2009 stands at

INR 8,089.4 mn

� Debt including CCD is at INR 7,995.6 mn,

implying a Debt/Equity ratio of 0.988 times

� Debt excluding CCD is at INR 5,995.6 mn

implying a Debt/Equity ratio of 0.741 times

� Debt Obligation for Q4FY10

� NCD – INR 300.0 mn

� Term Loan from Financial Institutions –

INR 159.9 mn

Balance Sheet (Consolidated) ** INR mn

Q3-FY10 Q2-FY10

Sources of Funds

Equity Share Capital 529.8 522.0

Preference Share Capital 1.6 1.6

Money Pending allotment (Promoter Warrants) 189.7 206.7

Reserves and Surplus 7,368.3 7,086.0

Net Worth* 8,089.4 7,816.4

Borrowings 4,195.6 3,715.4

NCD 1,800.0 1,900.0

CCD 2,000.0 2,000.0

Deferred Tax Liability 568.2 630.6 FY1

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� There are no material changes in the terms and

conditions of loans taken from various financial

institutions

� Total Debt has increased by INR 380.2 mn

during the quarter

� Total Investment in properties (INR 6,258.2 mn)

and investment in land and construction

activities (INR 5,334.0 mn) stands at INR

11,592.2 mn

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Total 16,653.2 16,062.4

Application of Funds

Net Fixed Assets 279.8 222.7

Cash and Cash Equivalents 285.0 471.0

Investments (including liquid funds) 389.4 1,104.6

Inventory 5,334.0 5,789.3

Debtors 4,206.7 2,823.6

Advance for Properties 6,258.2 5,377.6

Other Net Current Assets 674.9 722.8

Mat Credit Entitlement 296.2 257.1

Advances from Customers (1,071.0) (706.3)

Total 16,653.2 16,062.4

Note –

* The Warrant money has been considered in calculating the Net worth,

as the same is non-refundable.

** The provision for interim dividend and the dividend distribution tax

thereon has not been accounted for in the presented balance sheet.

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Cashflow Statement (Consolidated) INR mn

Quarter ended 31st December 2009

Cashflow from/(used in)

Operating Activities (1,016.3)

Investing Activities 660.4

Financing Activities 169.9

Net Cashflow (186.0)

Cash and Cash Equivalents at the beginning of the

quarter471.0

Cash and Cash Equivalents at the end of Q3-FY10* 285.0

*Note –

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Debtors as on 31st December 2009 INR mn

INR mn

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Debtors Net off advances at start of Q3 – FY10 2,117.3

Revenue Recognised for Q3-FY10 1,492.2

Cash received during Q3-FY10 473.9

Debtors Net off advances at end of Q3 – FY10 3,135.6

Investments totaling to INR 389.4 mn have been made during the

quarter.

Hence, total funds available with the company including cash and

cash equivalents stand at INR 674.4 mn

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Projects under Revenue Recognition (Cumulative % completion)

Construction progress for properties under Revenue Recognition*

Orbit Arya

Orbit Eternia

Orbit WTC

Orbit Terraces

Orbit Haven

93.8%

92.4%

86.7%

44.4%

25.4%

Construction progress for properties under Revenue Recognition*

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*Note –

Drop in % completion of Orbit Terraces (earlier known as Hafeez Contractor House) in Q1FY10 is due to change in the construction budget on

account of conversion to residential property.

Budgets have been revised for Orbit Arya, Orbit Eternia, Orbit Haven and Orbit WTC.

55.0%

67.6%

78.0%

91.8%92.4%

75.5%80.7%

85.0%

91.5%93.8%

53.2%

60.4%

68.8%

77.2%

86.7%

33.5%

40.1%34.7%

37.9%

44.4%

13.0%16.0% 18.0% 19.8%

25.4%

Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10

Orbit Eternia

Orbit Arya

Orbit WTC

Orbit Terraces

Orbit Haven

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Orbit Arya Napean Sea Road 81,247 Residential 100% 2007 2010

Orbit Haven Napean Sea Road 45,685 Residential 100% 2008 2011

Orbit Eternia Lower Parel 35,363 Residential 100% 2007 2010

Orbit Terraces Lower Parel 279,081 Residential/Retail 100% 2008 2012

Orbit WTC Bandra Kurla Complex

316,100 Commercial 100% 2007 2010

Orbit Grand Lower Parel 79,600 Residential 100% 2009 2012

Orbit Residency Park 1 Andheri Saki Naka 284,000 Residential 100% 2009 2012

Orbit Grandeur Santacruz 569,5072 Residential 46% 2009 2014

Total 16,90,583

Location Saleable Area (sft) 1

Project Type Company’s % Share Project Start DateProject Name Expected Completion3

Ongoing Projects/Projects Under Development

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1 Note: Saleable areas are as per Architect certificates for respective projects except ‘Orbit Grandeur’ for which saleable area is as per Company estimates. Final saleable area maychange based on various factors2 Note: The maximum saleable area for this project as per Architect's certificate is 659,000 sft However, the Company expects that the actual saleable area for this project will be569,507 sft due to certain regulatory restrictions that may be applicable3Note: Completion date indicates Calendar year of completion4Note: Aggregation/ acquisition for the land in respect of these projects is in progress5Note: First phase proposed to be launched in Q1FY11 (applications under progress)

Orbit Laburnum4 Gamdevi Residential

Orbit Mandwah5 Mandwa Gated Township

Orbit Enclave Prarthna Samaj Residential

Orbit Residency Park 2 Andheri Saki Naka Residential

Villa Orb – Annex 4 Napean Sea Road Residential

Orbit Ocean Parque4 Napean Sea Road Residential

N. S. Road Block4 Napean Sea Road Residential

Lalbaug Block 4 Lalbaug Residential

Location Project TypeProject Name

Projects in the Pipeline (Construction activities for projects in the pipeline are yet to commence)

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New Sales in Q3FY10

Location Number of Units Area (sft) Value (INR mn) Avg. rate in Q3’FY10

Napean Sea Road/Worli 1 6,963 243 34,899

Lower Parel 37 68,953 1,127 16,345

Nana Chowk/Prarthna Samaj - - - -

BKC/Kalina/Andheri 100 96,690 707 7,312

Total 138 172,606 2,077 12,034

Location-wise average rate of realization (INR per sft)

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LocationAvg. rate

in Q3’FY10

Avg. rate in

Q2’FY10

Avg. rate in

Q1’FY10

Avg. rate

since 2004

to Q1’FY10

Napean Sea

Road/Worli34,899 40,785 39,473 38,698

Lower Parel 16,345 17,278 15,000 13,328

Nana

Chowk/Prarthna

Samaj

- -24,662

14,416

BKC/Kalina/

Andheri7,312 - - 21,777

QoQ Comparison - Area sold (sft)

Q3-FY10 Q2-FY10 Q1-FY10 Q3-FY09

1,72,606

62,650

23,768

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Sales Analysis

Particulars Area (sft) Value in Sale (INR mn)

Sales achieved till Q2-FY10 763,461 18,335

Fresh sales in Q3-FY10 172,606 2,077

Total sales achieved as on Q3-

FY10936,067 20,412

� Total sales of 172,606 sft for Q3FY10 vs. 62,650 sft for Q2’FY10

marking an increase of 175%

� Value of fresh sales for Q3’FY10 stands at INR 2,077 mn

compared to INR 1,731 mn for Q2’FY10 marking an increase of

20%

� Buyers confidence and sentiments returning to early 2007

levels

� Strong sales seen in Orbit Residency Park at Andheri

Key HighlightsF

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Key Trend – Outstanding Order Book Size

-26%

-10%-8% -9%

-18%

-7%

9%

15%8,693

6,448

5,783

5,326

4,843

3,995 3,707

4,031

4,616

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

3,500

4,500

5,500

6,500

7,500

8,500

9,500

Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10

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Sales up to Q2’FY10

• 18,335.3

Revenue recognized up to Q2’FY10

• 14,304.6

Outstanding book size @ Q2’FY10

• 4,030.7

New sales in Q3’FY10

• 2,077.2

Total available for Revenue recognition

Revenue recognized in Q3’FY10

All figures on consolidated basis, in INR mn

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IS• 2,077.2Revenue recognition

• 5,522.8

Q3’FY10

• 1,492.1

Balance available for revenue recognition

• 4,615.6

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DDetails of shares pledged by Promoter/Promoter Group Warrant Details

Particulars*Shares as on

Dec 31, 2009

Pledged Shares as on

Dec 31, 2009

Ravi Kiran Aggarwal 8,606,952 NIL

Ravi Kiran Aggarwal(HUF) 10,000 NIL

Pujit Aggarwal 9,359,838 NIL

Emgee Foils Pvt. Ltd. 3,508,400 NIL

Gunjan Aggarwal 424,165 NIL

Renu Sharma 11,500 NIL

Dinesh Kiran Aggarwal 14,155 NIL

Rekha Aggarwal 5,733 NIL

Announcement

Date

Conversion

Period

Conversion

PriceWarrants Converted

Oct 6, 2008 Oct 03, 2008

- Jan 02, 2009

Rs 319.23 10 equity shares

allotted on Jan 19,

2009

Jan 5, 2009 Jan 03, 2009 -

Apr 03, 2009

Rs 146.45 No applications

received

April 6, 2009 Apr 02, 2009

- July 02,

2009

Rs 42.85 80,93,686

equity shares allotted

on July 15, 2009

July 6, 2009 July 03, 2009

- Oct 05,

2009

Rs 61.22 7,75,673 equity

shares allotted on

Oct. 28, 2009*

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Disclosures

Accounting Policy

� There has been no change in the Accounting Policy of the

Company

Insider Trading

� Mr. Ramashrya Yadav – Head Finance & Strategies has

purchased 78,000 equity shares of the company through

open market on December 23, 2009

Promoter Loan

� Loan from Promoter Directors stands at INR 87.81 mn as of

31st December 2009

Headcount

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ParticularsDirect

Employees

Contract

WorkersTotal

Opening Headcount

as on 1st Oct 2009142 88 230

Attrition during Q3-

FY10(10) (2) (12)

New recruits in Q3-

FY1022 12 34

Closing Headcount

as on 31st Dec 2009154 98 252

*Note – Out of 91,00,000 warrants, 2,30,631 warrants have lapsed. The

total equity shares stand at 52.98 mn as on 31st Dec, 2009

*Note – 4 mn warrants convertible into equity shares have been allotted

to the Promoters at a conversion price of INR 189.75, on 16th Nov, 2009

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Shareholding Pattern as on 31st December, 2009

Category No. of Shares Percentage

Promoter Group 2,19,40,743 41.4%

Mutual Funds/Financial Institutions 13,14,153 2.5%

FII 1,24,84,258 23.6%

Bodies Corporate 91,77,812 17.3%

Other Public 80,63,979 15.2%

Total outstanding shares 5,29,80,945 100.0%

Shareholding Pattern as on 31st December, 2009

Promoter

Group,

41.41%

Mutual

Funds/Fina

ncial

Institutions,

2.48%

FII, 23.56%

Bodies

Corporate,

17.32%

Other

Public,

15.22%

Institutional Holding Trend

� The total number of shareholders are 20,618 as on December

31, 2009 compared to 20,020 as on September 30, 2009.

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8.7%

13.0%

9.6%

26.0%

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15

20

25

30

35

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0%

5%

10%

15%

20%

25%

30%

06-2007 12-2007 12-2008 12-2009

No. of Institutional Investor % Institutional Investor

Summary

DIS

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RThe Corporate Presentation (the “Presentation”) is based on management estimates and is being provided to you

(herein referred to as the “Recipient”) only for information purposes. The sole purpose of this Presentation is to

provide preliminary information on the business activities of the Company, in order to assist the recipient in

understanding the Company. This Presentation does not purport to be all inclusive or necessarily include all

information that a prospective investor may desire in evaluating the Company. The Company expressly disclaims any

and all liability for any errors and/or omissions, representations or warranties, expressed or implied as contained in

this document.

This Presentation contains certain forward looking statements which are 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.

The Company does not undertake to update any forward looking statements that may be made from time to time by

or on behalf of the Company. By receiving this Presentation, the Recipient agrees to keep confidential the information

contained herein or made available in connection with any further evaluation of the company. This Presentation has

been prepared for information purposes relating to this company only and upon the express understanding that it will

be used only for the purposes set forth above. This Presentation may not be photocopied, reproduced or distributed

to others at any time without prior consent of the Company. Upon request, the Recipient will promptly return all

material received from the company without retaining any copies thereof.

In furnishing this Presentation, the company do not make any obligation to provide the Recipient with access to any

additional information on the company or its subsidiaries. This Presentation should not be deemed an indication of the

state of affairs of the company nor shall it constitute an indication that there has been no change in the business or

state of affairs of the company since the date of publication of this Presentation.

Any clarifications / queries on the proposal as well as any future communication regarding the Company should be

addressed to Orbit Corporation Limited / the company.

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