Omaxe expects a growth of around 20% in sales booking in FY15

Omaxe is expecting growth of around 20% in its sales bookings in FY15 to over Rs 2,500 crore. The company’s sales bookings fell by 11% during in FY14 to Rs 2,107 crore against Rs 2,373 crore a year ago.

In terms of volume, sales bookings fell by 31% to 7.83 million sq ft in FY14. However, the average realization grew by 29% to Rs 2,692 per sq ft.

Omaxe’s net profit fell by 26% at Rs 78.52 crore during 2013-14 fiscal against Rs 105.68 crore in the previous year. Consolidated income from operations declined 22% to Rs 1,623 crore as against Rs 2,078 crore during the period under review.