Omaxe posts consolidated income at Rs 767.12 cr from operations

Leading real estate firm Omaxe Ltd reported consolidated income from operations of Rs 767.12 crore for the half year ended September 30, 2013 as compared to Rs 829.94 crore for the previous half year ended September 30, 2012.

Commenting on the H1 FY14 results, Rohtas Goel, chairman and managing director, Omaxe said, “The consolidated income from operations for the half year FY 2014 stood at Rs 767.12 crore as against Rs 829.94 crore in the corresponding previous half year. We continue to foresee strong demand from cities like New Chandigarh, Lucknow, Bahadurgarh, Sonepat etc even in the current economic scenario.”

“The rupee depreciation has also generated responses from NRI clients in projects in Noida, Ludhiana and Faridabad. We recently signed up with Wizcraft for an entertainment zone in the iconic Omaxe Connaught Place, Greater Noida. The response to it has been overwhelming,” he added.

Consolidated net profit for the half year stood at Rs 37.19 crore as compared to Rs 41.16 crore posted in the previous half year ended the same period last year.