Omaxe Q1 results: Net loss widens to Rs 147.44 cr on rise in expenses

Quick Summary:

Realty firm Omaxe Ltd has posted a consolidated net loss of Rs 147.44 crore in the first quarter of this fiscal year on higher expenses.

The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous 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.

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Category: BusinessFinance

Markets: India

Topics: Delhi Haryana Omaxe Omaxe Ltd Real estate developers Uttar Pradesh Punjab Real Estate Rental NCR

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 15:04:24 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22114353

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