Omaxe Q3 Results: Posts Rs 72 cr loss for Dec qtr; reappoints Mohit Goel as MD

city Delhi markets FIVE WhatsApp country reports

09.02.2024 - 20:47

Reading now: 927

economictimes.indiatimes.com:

Omaxe Ltd on Friday reported a consolidated loss of Rs 71.77 crore for the quarter ended in December 2023. Its loss stood at Rs 109.11 crore in the year-ago period.
Total income from operations rose to Rs 601.90 crore in the third quarter of this fiscal year from Rs 253.81 crore in the year-ago period, according to a regulatory filing.

Total expenses also increased to Rs 683.66 crore from Rs 389.69 crore during the period under review.

The Omaxe board also approved re-appointment of Mohit Goel as Managing Director of the company for a period of five years with effect from April 1, 2024 to March 31, 2029 subject to the approval of shareholders.

The company is one of the leading real estate firms in the country. It has a major presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh property markets.

(You can now subscribe to our ETMarkets WhatsApp channel)

Read more on economictimes.indiatimes.com

All news from economictimes.indiatimes.com

About this in other media

How can ruling party seek permission for protest amid sec 144 prohibition, Delhi HC asks AAP economictimes.indiatimes.com /8 months ago

Every setback is an opportunity to learn: IAS officer Sonal Goel shares UPSC Mains marksheet to motivate aspirants livemint.com /8 months ago

India allows foreign cargo flights from Intl airports for 3 yrs economictimes.indiatimes.com /8 months ago

The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.