Omaxe is one of the country’s leading real estate developers.
Real estate firm Omaxe Ltd has posted a consolidated net loss of Rs 147.44 crore in the first quarter of this fiscal year due to higher expenses.
The company’s net loss stood at Rs 106.32 crore in the same period last year.
Total revenue rose to Rs 385.23 crore in the April-June period this fiscal, from Rs 220.85 crore in the corresponding period last year, according to a regulatory filing on August 13.
Total expenses rose to Rs 542.40 crore in the quarter under review, from Rs 352.39 crore a year ago.
Omaxe is one of the leading real estate developers in the country. It has a presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh.
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First published: August 17, 2024 | 15:04 IS
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