Omaxe's Q1 Net Loss Widens to Rs 147.44 Crore Due to Increased Expenses
Real estate company Omaxe Ltd reports a net loss of Rs 147.44 crore in Q1 due to a rise in expenses.
Omaxe LtdReal EstateNet LossExpensesQ1 ResultsReal EstateAug 18, 2024
The company's total income for the quarter stood at Rs 281.31 crore, down from Rs 415.91 crore in the corresponding period of the previous year. Omaxe's expenses, however, increased to Rs 428.75 crore from Rs 391.12 crore in Q1 of the previous year.
Omaxe Ltd is a leading real estate company in India, with a presence in over 30 cities across the country. The company has a diverse portfolio of projects, including residential, commercial, and retail properties.
The company's net loss has been attributed to the increased expenses, which have put pressure on its profitability. Despite the challenges, Omaxe remains committed to delivering quality projects and services to its customers.
Omaxe Ltd was founded in 1987 and is headquartered in New Delhi. The company has a strong presence in the real estate market in India and has delivered several iconic projects over the years.
Omaxe Ltd is a leading real estate company in India, with a presence in over 30 cities across the country. The company has a diverse portfolio of projects, including residential, commercial, and retail properties.
Tags: Omaxe Ltd, Real Estate, Net Loss, Expenses, Q1 Results
Frequently Asked Questions
What is the net loss reported by Omaxe Ltd for Q1?
Omaxe Ltd has reported a net loss of Rs 147.44 crore for Q1.
What is the reason for the increase in net loss?
The increase in expenses has put pressure on the company's profitability, leading to a wider net loss.
What is the total income of Omaxe Ltd for Q1?
The company's total income for Q1 stood at Rs 281.31 crore.
What is the expense incurred by Omaxe Ltd for Q1?
The company's expenses for Q1 increased to Rs 428.75 crore.
Who is the founder of Omaxe Ltd?
Omaxe Ltd was founded in 1987 by Rohtas Goel.
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