Omaxe Q3 net profit up 50% at Rs 29 cr
The company had posted a profit of Rs 19.31 crore in the year-ago period
Realty firm Omaxe today reported nearly 50% increase in consolidated net profit at Rs 28.85 crore in the third quarter of this fiscal.
The company had posted a profit of Rs 19.31 crore in the year-ago period.
Total income from operations rose by 25% to Rs 567.93 crore during October-December quarter of 2012-13 fiscal from Rs 456.05 crore in the corresponding quarter of previous fiscal.
Commenting on the results, Omaxe Chairman and Managing Director Rohtas Goel said the company’s turnover and net profit has grown on the back of robust sales and new launches during the third quarter.
The company’s debt has come down to less than Rs 1,000 crore as on December 31, Goel told PTI.
For more visit: Business Standard
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