Latest News | Realtor Omaxe Ltd Net Loss Widens to Rs 109.11 Crore in Dec Quarter

New Delhi, Feb 13 (PTI) Realty firm Omaxe Ltd on Monday reported a consolidated net loss of Rs 109.11 crore in the quarter ended on December 31, 2022.

It had posted a net loss of Rs 38.56 crore in the year-ago period.

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Total income rose to Rs 253.81 crore in the third quarter of this fiscal year from Rs 184.26 crore in the corresponding period of the previous year, the company said in a regulatory filing.

Net loss widened to Rs 246.69 crore in the first nine months of 2022-23 fiscal from a net loss of Rs 124.99 crore a year ago.

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Total income rose to Rs 499.84 crore in the April-December period of this fiscal from Rs 465.08 crore in the year-ago period.

Delhi-based Omaxe is developing real estate projects (housing and commercial) primarily in Delhi-NCR, Uttar Pradesh, Punjab and Haryana.

(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)