Latest News | Omaxe Reports Consolidated Net Loss of Rs 44.43 Cr in June Qtr

New Delhi, Aug 13 (PTI) Realty firm Omaxe Ltd on Friday reported a consolidated net loss of Rs 44.43 crore for the quarter ended June.

Its net loss stood at Rs 63.93 crore in the year-ago period.

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The consolidated income from operations of Rs 89.48 crore for the quarter ended June 30, 2021, as compared to Rs 53.85 crore in the corresponding period of the previous year, Omaxe said in a statement.

Rajan Gupta, Vice President (Business Development & Corporate Strategy), Omaxe Limited said, "Despite several challenges in the first quarter of fiscal 2021-22, just like FY 2020-21, the company has maintained its stakeholders' outreach through the digital infrastructure built over the years and more so during the last year."

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The company was able to tap into the demand from reverse migrants in cities like Lucknow, New Chandigarh, Indore, and Ludhiana, he added.

(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)