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Omaxe Ltd, a prominent real estate developer in India, has reported a consolidated net loss of INR 185.77 crore for the first quarter of fiscal year 2025-26. This marks a significant increase from the INR 146.98 crore loss reported in the same period the previous year. The company's total income declined to INR 298.03 crore, down from INR 385.23 crore in the corresponding quarter of the previous fiscal year. Despite these financial challenges, Omaxe continues to expand its portfolio, having recently acquired 450 acres of land in Indore, Madhya Pradesh, for a township development project valued at INR 1,200 crore. Additionally, the company secured INR 500 crore in funding from Oaktree Capital Management to support its ongoing and future projects.
Omaxe Ltd reported a consolidated net loss of INR 185.77 crore in the first quarter of fiscal year 2025-26, compared to a INR 146.98 crore loss in the corresponding period last year. This increase in loss is mainly due to a decline in total income, which dropped to INR 298.03 crore from INR 385.23 crore year-on-year. Analysts note that slower demand in the residential market, combined with higher construction and project costs, contributed to the weaker financial performance. Advertisement
Despite the loss, the company remains focused on growth and expansion. Omaxe recently acquired 450 acres of land in Indore, Madhya Pradesh, where it plans to develop a township project valued at INR 1,200 crore. The township will include residential, commercial, and mixed-use spaces, tapping into growing urban demand. In addition, the company secured INR 500 crore in funding from Oaktree Capital Management to fund ongoing projects and future developments, which will provide liquidity support and strengthen its balance sheet.
Omaxe has a substantial presence across 30 cities in eight states of North and Central India. Over the years, it has delivered more than 135 million square feet of real estate, including residential apartments, commercial offices, and mixed-use projects. The company's broad portfolio and strategic land acquisitions indicate its plan to maintain steady operations despite the current market challenges.
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