MoneyWorks4Me

Orbit Corporation expects FY15 to be better than FY14

07 Jun 2014 Evaluate

Orbit Corporation expects the current financial year 2014-15 to be better year than FY14, as its four projects have started after a gap of almost two years. The company’s three projects in South Mumbai and one in suburbs have been restarted.

The company has a debt of around Rs 50-60 crore and is likely to pare it by monetizing projects from fourth quarter onwards.

Orbit Corporation is a leading Mumbai real estate developer focused on luxury real estate development in South Mumbai.

Peers
Company Name CMP
Lodha Developers 959.25
Prestige EstatesProj 1385.00
Dilip Buildcon 367.50
DLF 654.70
Oberoi Realty 1574.40
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