Omaxe Q1 net rises over two-fold at Rs 45.45 cr

Realty firm Omaxe has posted over two-fold jump in consolidated net profit at Rs 45.45 crore for the quarter ended June on higher sales.

Its net profit stood at Rs 17.45 crore in the year-ago period, the company said in a filing to the BSE on Monday.

Income from operations rose 41 percent to Rs 437.40 crore in the first quarter of this fiscal from Rs 309.66 crore in the corresponding period of the previous year.

Omaxe had posted a net profit of Rs 78.32 crore over a turnover of Rs 1,667.78 crore during the last financial year.