Omaxe Q2 Consolidated Income from Operations Rs 183.78 cr

New Delhi, November 15, 2021: Omaxe Limited reported Consolidated Income from Operations of Rs183.78 cr for the quarter ended September 30, 2021 as compared to Rs155.04 cr for the quarter ended September 30th, 2020, a rise of 18.54%. Consolidated Net Profit (loss) for Q2 stood at (Rs 42 cr), a rise of 45.16% as compared to (Rs76.58 cr) posted in the same quarter previous year.

Financial Highlights                                                                

                                                                         (Rs in Crore)

Operational Highlights:

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Sales:

• The Company sold 0.58 mn sq. ft valued at Rs259.25 crore in Q2 2021-22.
• The Company sold 1.10 mn sq. ft valued at Rs 806 crore in H1 2021-22.
• In Q2, the major contributors were New Chandigarh, Lucknow and Delhi
• The company had sold 2.73 million sq. ft. valued at Rs 2051 cr. in FY 2020-21

Delivery

• The Company delivered 0.76 million sq. ft. in Q2 2021-22 and 1.18 mn sq. ft in H1 2021-21.
• In Q2, the major Deliveries are in Lucknow, Indore, Faridabad, New Chandigarh
• The company had delivered 2.71 million sq. ft. in FY 2020-21.

Commenting on the Q2 FY22 results, Mohit Goel, Managing Director, Omaxe Limited said, “The economy, after a weak first quarter, is moving on an upward trajectory and this is quite an encouraging sign for businesses. Market sentiments have shown greater desire on the part of homebuyers to own a home. Retail spaces are seeing an increase in footfall even as mall leasing is on the rise. Our Q2 results reflect the company’s sustained momentum over the past several years in both residential and commercial spaces in the cities where we are executing projects.”