Omaxe’s net profit dips 58.9% in Q3 FY19

Omaxe's net profit dips 58.9% in Q3 FY19



on Tuesday reported a dip of 58.9% in its net consolidated profit during the quarter ended December 31, 2018. The company’s profit after tax (PAT) stood at Rs 8.5 crore as compared to Rs 20.67 crore recorded in the corresponding quarter last year.

Its consolidated net income from operations stood at Rs 242.21 crore for the Q3 FY19 a decline of 52.2% from Rs 506.82 crore it registered in the similar quarter previous year.

Rohtas Goel, chairman & managing director of the company said, “The company booked 0.84 million sq ft of space valued at Rs 268 crore” during the quarter.

Omaxe also appointed Gurnam Singh as an additional director (Non-executive independent director), chairman of CSR committee and member of audit committee with effect from 12 February 2019 for a period of five years.

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