Omaxe Ltd. Q3 cons net profit at Rs284.6mn

January 30, 2010	(Be the first to rate this story!)  Loading ...
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Omaxe Ltd., a premier real estate development company in India today reported Consolidated Net Sales of Rs. 280.20 crore for the quarter ended December 31st 2009 as compared to Rs. 1.8bn for the quarter ended December 31st 2008, registering a growth of 55%. Consolidated Net Profit for the quarter stood at Rs. 284.6mn, increased by 383% as compared to Rs. 58.8mn posted in the quarter ended December 31st 2008. Earnings per share (EPS) for the quarter stood at Rs. 1.64 as compared to Rs. 0.34 in the quarter ended December 31st 2008.

The company registered growth of 25% in its Consolidated Net Sales of Rs. 2.80bn for the quarter ended December 31st 2009 as compared to Rs. 2.23bn for the quarter ended September 30th 2009. Consolidated Net Profit increased by 22% as compared to Rs. 23.31 crore posted in the quarter ended September 30th 2009. Earnings per share (EPS) for the quarter stood at Rs. 1.64 as compared to Rs.1.34 in the quarter ended September 30th 2009.

For the nine months ended December 31st, 2009 Consolidated Net sales stood at Rs. 6.23bn with Consolidated PAT of Rs. 674.2mn and EPS stood at Rs. 3.88.The operating margin for the nine months ended December 31st, 2009 stood at 34.65% as against 32.06% in the corresponding nine months period of previous year. Rohtas Goel Chairman & Managing Director, Omaxe Limited said, “Demand has further improved and residential sales have picked up during the third quarter. Keeping in view the resurgent demand we are planning to launch various residential projects in Allahabad, Indore and Chandigarh. Our effort will also be to expedite execution and deliveries of scheduled residential projects. Going forward we expect the scenario to improve further.”

News Published Under:   Real Estate India, Banking and Finance, Real Estate Developers |

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