Omaxe posts Rs 89 cr Income in Q1FY22

Omaxe Limited reported consolidated income from operations of Rs. 89.48 crore for the quarter ended June 30, 2021 as compared to Rs. 53.85 crore for the quarter ended June 30, 2020.

The company posted a loss of Rs 44.43 crore for the quarter as compared to a loss of Rs 63.93 crore during the corresponding quarter last year.

Commenting on the Q1 FY 2021-22 results and outlook for FY 2021-22,  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. It was able to tap into the demand from reverse migrants in cities like Lucknow, New Chandigarh, Indore and Ludhiana.