Millennium Post

Omaxe raises Q2 income by 4% to Rs379 crore

Realty firm Omaxe reported 24 per cent decline in its consolidated net profit at Rs 13.88 crore for the second quarter ended 30 September, 2014-15.

It had posted net profit of Rs 18.15 crore in the July- September period of the last fiscal. The Q2 income from operations, however, rose by 4 per cent to Rs 378.92 crore, from Rs 365.45 crore in the second quarter of 2013-14.

Omaxe is currently undertaking 42 real estate projects — 14 group housing, 18 townships and 10 commercial.
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