New Delhi: real estate company Omaxe Ltd bought residential and commercial houses worth Rs 1,648 crore in final fiscal, up eleven consistent with cent from the 2014-15, despite fall in common salesrealisation.
The sales bookings in cost phrases stood at Rs 1,648 crore in 2015-sixteen fiscal in opposition to Rs 1,491 crore in the preceding financial year, in line with employer‘s analyst presentation.
In volume phrases, the company‘s sales bookings rose 14 per cent to four.89 million squareft throughoutremaining monetary.
The average sales realisation fell by 3 in keeping with cent to Rs three,372 in line with squaretoes in 2015-16 monetary. Out of the whole income bookings, housing segment contributed Rs 1,264 crore at the same time as business introduced Rs 384 crore.
“institution housing in New Chandigarh, Allahabad and Lucknow have been the predominant contributorsto income for full year period,” Omaxe CEO Mohit Goel stated.
area brought for the duration of final economic was 6 million sq.feet, at the same time as theorganisation launched 2.7 million sq.toes region.
The firm‘s gross debt stood at Rs 1,306 crore on the end of the remaining monetary, while net debt stood at Rs 1,070 crore. recently, Omaxe stated 30 according to cent increase in internet income to Rs 78.32 crore at some stage in final economic compared to Rs 60.07 crore in the 2014-15 economic.
income from operations multiplied by way of 17 according to cent to Rs 1,667.seventy eight crore within the 2015-16 monetary from Rs 1,431.09 crore in the previous year.
“As some distance as actual property region is involved, we are slowly witnessing some constantdemand within the last few months. inside the actual property marketplace, in comparison to primarycities, the scenario is better in tier II and III cities,” Omaxe CMD Rohtas Goel had said after declaringannual result.
(This tale has no longer been edited by NDTV personnel and is automobile-generated from a syndicated feed.)
story first published on: June 13, 2016 sixteen:32 (IST)
Tags: Omaxe, Omaxe income, Omaxe Chairman Rohtas Goel
