Omaxe Limited, one of India’s leading Real Estate Development Companies, headquartered in Delhi, reported Consolidated Income from Operations of Rs 637.94 cr in FY 2021-22 as compared to Rs 514.59 cr in FY 2020-21. Consolidated Net profit /(Loss) stood at Rs (161.61) cr in FY22 as against Rs (235.21) cr. in FY21. In Q4 FY 2021-22, the consolidated income from operations stood at Rs. 172.86 cr as compared to Rs. 191.87 cr in Q4 FY 2020-21. Consolidated Net Profit/(Loss) in Q4 FY22 stood at Rs (36.62) cr. as compared to Rs 0.54 cr posted in Q4 FY21.
|Income from Operations||172.86||191.87||637.94||514.59|
All figures in the table are on a consolidated basis in ` crores, unless stated otherwise.
· The Company during the 12 months sold 1.58 mn sq. ft. valued at Rs 1,266 cr vis-à-vis 2.73 mn sq. ft. valued at Rs 2,051 cr in the same period last year. Major sales are in New Chandigarh, Lucknow, Faridabad, New Delhi, Ludhiana.
· Company has delivered 3.10 mn sq.ft in FY22 vis-à-vis 2.71 mn sq.ft in FY21. Major Deliveries are in New Chandigarh, Lucknow, Indore , Faridabad.
Mr. Atul Banshal, Director-Finance, Omaxe Limited said:
The real estate sector has shown a strong recovery in FY2021-22. The overall economic growth and infrastructure development in Tier 2/3 cities is being reflected on the property sales. We expect this growth momentum to attain a higher trajectory going forward on account of strong homebuyers’ sentiments. Property seekers have responded positively to our residential and commercial offerings and we will continue to launch more projects that cater to their needs. We also expect strong delivery in FY22-23 which will contribute in higher sales & profitability.
About Omaxe Limited:
Omaxe Limited is one of India’s leading real estate development companies. Founded in 1987, the company has fast spread its footprints in 8 States across 27 cities. Today, the company has in its kitty a diversified product portfolio that includes Integrated Townships, Hi-Tech Townships, Group Housing projects, Shopping Malls, Office Spaces, SCOs and Hotel projects. With approx. 129.25 million sq. ft. of delivered space in both real estate and construction contracting (till March 31, 2022), the company is currently undertaking 23 real estate projects – 4 Group Housing, 14 Townships, 5 Commercial Malls/Hotels/ SCO. A BSE & NSE listed company, Omaxe has over the years made a mark with some landmark projects and engineering marvels. Sensing an opportunity in Tier II and III cities, the company made a conscious decision to venture into States like Uttar Pradesh, Madhya Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Delhi, Himachal Pradesh to name a few and has immensely contributed in the socio-economic development of these cities.