Omaxe Reports Significant Loss Despite Income Surge in Q4 FY24
The leading real estate developer in North India
Real EstateOmaxe LtdQuarterly ResultsNet LossTotal IncomeReal EstateMay 29, 2024
According to a regulatory filing, Omaxe's total income more than doubled to Rs 1,634.88 crore in the last fiscal from Rs 798.01 crore in 2022-23 fiscal. However, the company's net loss widened to Rs 402.60 crore in 2023-24 from Rs 347.91 crore in the preceding year.
Despite the loss, Omaxe remains one of the leading real estate developers in North India, with a strong presence in the region. The company's significant investment in its projects and expansion plans are expected to yield returns in the coming years.
Omaxe Ltd is a leading real estate developer in North India, with a strong presence in the region. The company has been in operation for over two decades and has developed several residential and commercial projects across North India.
Omaxe Ltd is a leading real estate developer in North India, with a strong presence in the region. The company has been in operation for over two decades and has developed several residential and commercial projects across North India.
Frequently Asked Questions
What is the net loss reported by Omaxe Ltd in the quarter ended March 2024?
Rs 145 05 crore
What is the percentage rise in total income reported by Omaxe Ltd in the fourth quarter of last fiscal?
82%
What is the total income reported by Omaxe Ltd in the last fiscal?
Rs 1 634 88 crore
What is the net loss reported by Omaxe Ltd in 2023-24?
Rs 402 60 crore
What is the region where Omaxe Ltd has a strong presence?
North India
Related News Articles
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
Mumbai's First Underground Metro Line Nears Completion: A Boost to the City's Infrastructure
The Mumbai Metro 3's Phase 1 is set to start operations soon, with 97% of the work completed. This underground metro line is expected to revolutionize the city's transportation system.
Repo Rate Cut to Boost Property Investment and Fuel Housing Demand
Real estate developers and experts have said that the RBI's decision to slash the repo rate by 25 basis points will support homebuyers and fuel housing demand as home loan EMIs are expected to go down.
Pune Sees a Surge in Property Registrations in November 2024, Boosting Stamp Duty Revenue
Real Estate - Pune registers 13,371 properties in November 2024, generating INR 475 cr in stamp duty revenue.
Diwali Boosts Property Sales in Mumbai by 22%
Diwali has significantly lifted Mumbai's real estate sales by 22.18% in October 2024, with the state of Maharashtra experiencing an 8.20% increase and a notable 44.21% year-on-year revenue jump.
Bhosari MLA Mahesh Landge Calls on Pankaja Munde to Address Pimpri-Chinchwad Air Pollution
Bhosari MLA Mahesh Landge has written to Environment Minister Pankaja Munde, urging immediate action to tackle the rising levels of air pollution in Pimpri-Chinchwad. The letter highlights the impact of urbanisation and real estate development on air qual