Omaxe has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit after tax for the quarter ended June 30, 2011 declined by 31.19% at Rs 12.53 crore as compared to Rs 18.21 crore for the corresponding quarter last year. Its total income fell 33.11% at Rs 241.32 crore for the quarter under review from Rs 181.29 crore for the same quarter last year.
Omaxe started operations as a civil construction and contracting company and has executed over 120 prestigious industrial, institutional, commercial, residential and hospital construction projects. In the year 2001, the company entered the real estate development business. Today it is among the large real estate development companies in India.
