Company Profile For Omaxe Ltd

Omaxe Ltd (OMAX.BO) (Bombay Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 12:23pm IST

99.05INR

Price Change

+0.90

Percent Change

+0.92%

Analyst Recommendations

Overview

Omaxe Limited is a real estate developer in India focused on developing residential and commercial properties. The Company has two segments: real estate and construction. As of March 31, 2009, it had 54 projects under various development stages, including hotels, 23 group housing projects, 16 integrated townships, 14 shopping malls and commercial complexes. These 54 projects cover a total of over 156 million square feet of area and are located in 31 towns in 10 states in northern, central and southern India. In addition to these, Omaxe is developing a special economic zone on 12, 500 acres in Alwar, Rajasthan. On September 7, 2008, the Company formed a wholly owned subsidiary, MAX GULF LTD. On October 14, 2008, it acquired Golden Peak Township Pvt. Ltd. In November 2008, the Company announced that National Addordable Housing & Infrastructure Ltd ceased to be its subsidiary.

Quick Financial Synopsis

BRIEF: For the three months ended 30 June 2009, Omaxe Limited's revenues decreased 66% to RS1.19B. Net income decreased 74% to RS149.7M. Revenues reflect a decrease in income from operation. Net income also reflect an increase in a decrease in other income, a decrease in operating efficiency and a significant rise in interest & finance costs. Omex Limited is a real estate developer in India focused on developing residential and commercial properties.