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Omaxe rises despite reporting 14% drop in Q3 net profit

09 Feb 2012 Evaluate

Omaxe is currently trading at Rs. 147.75, up by 0.15 points or 0.10% from its previous closing of Rs. 147.60 on the BSE.

The scrip opened at Rs. 147.05 and has touched a high and low of Rs. 148.00 and Rs. 146.85 respectively. So far 51441 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.95 on 06-Feb-2012 and a 52 week low of Rs. 119.80 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 152.95 and Rs. 139.50 respectively. The current market cap of the company is Rs. 2556.64 crore.

The promoters holding in the company stood at 89.14% while Institutions and Non-Institutions held 2.87% and 7.98% respectively. 

Realty firm Omaxe has reported 14% fall in consolidated net profit at Rs 19.31 crore for the third quarter ended December 31, against Rs 22.57 crore in the year-ago period because of lower margins. Its consolidated income grew 30% at Rs 451.81 crore, as against Rs 347.97 crore during Q3, 2010-11.

The figures are reflective of some pressure on margins on account of high interest rates. However, operational performance has been good and the company has recorded 30% increase in sales over previous quarter.

Omaxe is currently working on 42 real estate projects - 18 integrated townships including two hi-tech townships, 14 group housing projects, 8 shopping malls and commercial complexes, and two hotel projects.

Omaxe Share Price

79.10 -1.22 (-1.52%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

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