Omaxe Q1 net up 5% at Rs 19 cr

Company posted net profit of Rs 18.18 crore in the year-ago period

Realty firm Omaxe today reported 5% increase in consolidated net profit at Rs 19.03 crore during the first quarter of this fiscal on higher sales.

The company had posted net profit of Rs 18.18 crore in the year-ago period.

Income from operations grew by 9% to Rs 401.66 crore for the quarter ended June 30, as compared to Rs 368.30 crore in the corresponding period of previous fiscal, Omaxe said in a statement.

"Fresh bookings continued to remain steady with 1.66 mn sq ft of booking during the quarter ended June. The sales have been good despite the challenging economic scenario," Omaxe Chairman and Managing Director Rohtas Goel said.

The company is focusing on execution of ongoing projects. It is also continuing with new launches to widen portfolio and reach out to more people in various cities.