Omaxe Ltd reported a wider net loss of Rs 147.44 crore in Q1 FY24 due to higher expenses. Total income increased, but expenses rose significantly. Read more.
New Delhi, Aug 17 (PTI) Realty firm Omaxe Ltd has posted a consolidated net loss of Rs 147.44 crore in the first quarter of this fiscal year on higher expenses.
The company's net loss stood at Rs 106.32 crore in the year-ago period.
The total income increased to Rs 385.23 crore in the April-June period of this fiscal year, from Rs 220.85 crore in the corresponding period of the previous year, according to a regulatory filing on August 13.
Total expenses rose to Rs 542.40 crore in the quarter under review, from Rs 352.39 crore a year ago.
Omaxe is one of the leading real estate developers in the country. It has a presence in Delhi-NCR, Punjab, Haryana and Uttar Pradesh.
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