 "Omaxe Q2 net profit down 21% at Rs 18.15 cr")
It had posted net profit of Rs 22.98 crore in the July- September quarter of the previous fiscal, 2012-13.
Total income from operations fell by 21% to Rs 365.45 crore in Q2, 2013-14, as against Rs 461.64 crore in the year-ago period, Omaxe said in a filing to the BSE.
Also Read
Omaxe has presence in 30 cities across 9 states. With about 84 million sq ft of delivered space in both real estate and construction contracts, the company is developing 41 real estate projects - 13 Group Housing, 19 Townships, 9 commercial projects.
Recently, Omaxe announced issue of 10 bonus shares to public shareholders for every 39 shares held by them in order to meet market regulator Sebi's norm on minimum 25% public shareholding.
Promoters had 89.14% stake in Omaxe as on March 31. After four-round of Offer For Sale (OFS), Omaxe is still required to increase public shareholding by about 4%.
Omaxe scrip closed at 119.65, down 0.50%, on the BSE.
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