Highlights:
- Reported Consolidated Income from Operations of Rs 183.78 cr for the quarter ended September 30th, 2021 as compared to Rs 155.04 cr for the quarter ended September 30th, 2020, a rise of 18.54%.
- Consolidated Net Profit (loss) for the quarter ended September 30th, 2021 stood at (Rs 42 cr), arise of 45.16% as compared to (Rs 76.58 cr) posted in the quarter ended September 30th, 2020.
Commenting on the Q2 FY22 results, Mr. Mohit Goel, Managing Director, Omaxe Limited said "The economy, after a weak first quarter, is moving on an upward trajectory and this is quite an encouraging sign for businesses. The real estate sector has bounced back strongly in the post-COVID era. Market sentiments have shown greater desire on the part of homebuyers to own a home. Retail spaces are seeing an increase in footfall even as mall leasing is on the rise. Our Q2 results reflect the company’s sustained momentum over the past several years in both residential and commercial spaces in the cities where we are executing projects. Alltime low-interest rates, government incentives coupled with other favorable factors have been instrumental in driving demand."
