25 Jun 2019 | 10:24 PM

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COMPANYNEWS
Omaxe Q4 net profit down 34.82% at Rs 11.12 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 11.12 crore for the quarter ended March 31 2019 as compared to Rs 17.06 crore in the same period last year registering a year-on-year decline of 34.82 per cent.


Net revenue of the company declined moderately by 17.44 per cent at Rs 270.94 crore in January-March quarter of this fiscal as against Rs 328.16 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 18.08 per cent to Rs 229.36 crore from Rs 279.98 crore in year ago period.


Other Income grew by 554.49 per cent at Rs 81.55 crore versus (Mar`18 Rs 12.46 crore).


Operating Profit slipped by 13.72 per cent to Rs 41.58 crore as against Rs 48.19 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.56 per cent in March quarter.


Interest grew by 169.10 per cent y-o-y to Rs 97.98 crore while Taxation increased by 117.66 per cent at Rs 12.08 crore (Mar`18 Rs 5.55 crore).