Oberoi Realty Ltd.

Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A1+’' rating for instruments with a maturity not exceeding one year up to Rs 100 crore of Oberoi Realty. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

The credit rating agency has also assigned ‘AA+ (SO)’ rating for long-term instruments up to Rs 750 crore of Incline Realty Private, a wholly owned subsidiary of Oberoi Realty. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

The company has reported 38.61% fall in its net profit at Rs 46.08 crore for third quarter ended December 31, 2013 as compared to Rs 75.06 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 26.38% at Rs 141.77 crore for quarter under review as compared to Rs 192.58 crore for the quarter ended December 31, 2012.