Latest News | Omaxe Posts Rs 72 Cr Loss for Dec Qtr; Reappoints Mohit Goel as MD

New Delhi, Feb 9 (PTI) Realty firm Omaxe Ltd on Friday reported a consolidated loss of Rs 71.77 crore for the quarter ended in December 2023.

Its loss stood at Rs 109.11 crore in the year-ago period.

Also Read | Bus Service on Mumbai Trans Harbour Link (MTHL): BEST Finalises Route on Atal Setu, Check Details Here.

Total income from operations rose to Rs 601.90 crore in the third quarter of this fiscal year from Rs 253.81 crore in the year-ago period, according to a regulatory filing.

Total expenses also increased to Rs 683.66 crore from Rs 389.69 crore during the period under review.

Also Read | AP TET Exam 2024: Registration for Teacher Eligibility Test February Examination Begins at aptet.apcfss.in, Know Steps To Apply.

The Omaxe board also approved re-appointment of Mohit Goel as Managing Director of the company for a period of five years with effect from April 1, 2024 to March 31, 2029 subject to the approval of shareholders.

The company is one of the leading real estate firms in the country. It has a major presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh property markets.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)