Omaxe limited announced that its consolidated Income from operations increased to Rs484.37 cr for the quarter ended 31st March 2016 as compared to Rs413.65 cr for the quarter ended 31st March 2015, a rise of 17 per cent. Consolidated net profit for the quarter ended 31st March 2016 stood at Rs24.35 cr, a rise of 21 per cent as compared to Rs20.24 cr posted during the quarter ended 31st March 2015. On an annual basis, the total income from operations stood at Rs1667.78 cr vis-a-vis Rs1431.09 cr during FY 15, a jump of 17 per cent. Consolidated PAT for FY 16 stood at Rs78.32 cr, a 30 per cent jump as compared to the PAT of Rs 60.07 cr for FY 15.
Chairman & Managing Director, Omaxe limited, Rohtas Goel said about FY16 results that the overall economic environment continues to remain challenging. Though, some green shoots are visible, the growth of manufacturing and services sector is yet to pick up. As far as real estate sector is concerned, we are slowly witnessing some steady demand in the last few months.