Omaxe Ltd’s net profit tanks 92% to Rs 2.64 cr for Q4FY20; full year net profit falls 44%

New Delhi: Realty player Omaxe Ltd’s consolidated net profit tanked 92 percent to Rs 2.64 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 35 crore in the corresponding quarter of the previous fiscal. 

The consolidated total income increased 16 percent to Rs 355 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 307 crore in the corresponding quarter of the previous fiscal. 

Company’s consolidated net profit fell 44 percent to Rs 44 crore for the whole of fiscal 2019-20 as compared to Rs 78 crore in the previous fiscal. It consolidated total income declined 3 percent to Rs 1,155 crore  for the whole of fiscal 2019-20 as compared to Rs 1,200 crore in the previous fiscal. The net worth of the company went down to Rs 1638 crore at the end of the last fiscal as compared to Rs 1740 crore at the end of the previous fiscal, company said in a regulatory filing.

The outstanding debt of the company including redeemable preference shares went down to Rs 1,489 crore at the end of the last fiscal as compared to Rs 1859 crore at the end of the previous fiscal.

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