expressindia.indianexpress.com
expressindia web
HomeBlogsCricketAstrology ShoppingTendersClassifieds Reader Comments
Font Size
Expressindia » Story

Omaxe Q2 sales booking up 3%

Agencies

Posted: Nov 16, 2012 at 1536 hrs IST
Realty firm Omaxe sold properties worth Rs 472 crore during the second quarter of this fiscal.  (Reuters)

New Delhi Realty firm Omaxe sold properties worth Rs 472 crore during the second quarter of this fiscal, marginally higher than the year-ago period. The company sold 2.56 million sq ft during July-September quarter for Rs 472 crore.

In the corresponding period last year, it had sold 2.25 million sq ft area for Rs 458 crore, according to presentation by investors.

In the first half of this fiscal, however, Omaxe's sales booking fell in both volume and value terms. During April- September period of the 2012-13 fiscal, the company sold 4.58 million sq ft for Rs 908 crore. In the corresponding period year ago, it had sold 4.87 million sq ft for Rs 976 crore.

On debt, the company told investors that the gross debt has come down marginally to Rs 1,014 crore as on September 30 from Rs 1,047 crore at the end of the first quarter.

Earlier this month, Omaxe reported 16 per cent decline in its net profit at Rs 22.98 crore for the quarter ended September 30 against Rs 27.31 crore in the year-ago period.

The income from operation, however, rose marginally to Rs 461.64 crore during the July-September quarter from Rs 457.96 crore in the corresponding period of previous fiscal.

Omaxe is currently developing 16 group housing projects, 19 townships, 9 commercial projects and 10 infrastructure/EPC contracts.

The company has presence in Punjab, Haryana and Uttar Oradesh.

Print
 
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Trouble mounts for Sreesanth as Mumbai cops gather more evidence

Kings XI Punjab end IPL 2013 campaign with a win

5 differently abled orphan girls beaten, raped in Jaipur residential school

Karnataka CM Siddaramaiah inducts 28 ministers, keeps tainted away

Infiltration bid foiled near LOC, two army men die in ambush

1993 serial blasts case: Sanjay Dutt surrenders before TADA court

No arrest for posts on social sites without permission: Supreme Court

More
© The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map