Omaxe Profit up by 23%

Omax Auto LtdOmaxe Limited, one of India’s leading Real Estate Development Company, headquartered in Delhi, has reported Consolidated Net Profit for the quarter ended 30th September 2018 at Rs.10.91 cr, as compared to Rs.8.84 or
in the quarter ended 30th June 2018, a hike of 23.42%.

Consolidated Income from Operations stood at Rs.451.52 or for the quarter ended 30th September 2018 as compared to a 73. 53 in the quarter ended 30th June 2018, an increase of 160.2%.

For the half year ended September 30, 2018, the Consolidated Income from Operations stood at Rs.625.05 cr. Consolidated PAT for the half year stands at Rs.19.75 Cr.

Operational Highlights:

 During Q2 FY19, the launched three new projects at New Chandigarh, Lucknow and Allahabad having total saleable area of 0.62 mn. Sq. ft.

 The Company during the quarter sold 0.7 mn sq.ft valued at Rs.135 crore vis—a—vis 0.46 mn sq. ft. valued at Rs.141 crore in the Q1 FY19. Major contributors were Commercial Built—up at Omaxe World Street— Faridabad, Omaxe New
Chandigarh; Group Housing project in Ludhiana and Faridabad.

 During The quarter The Company delivered 0.58 mn. sq. ft of spaces vis—a—vis 1.58 mn sq. ft. in Q1 FY19. major deliveries during The quarter were in projects Located at Indore, Ludhiana, New Chandigarh and Yamuna Nagar. Till date, The Company has delivered 112.5 mn sq. fT. across various Iocations.