Omaxe sales bookings up 34% at Rs 1574 cr

Realty firm Omaxe has recored 34 per cent year-on-year increase in sales bookings at Rs 1,574 crore in first nine months of this fiscal helped by higher volumes and improved realisation.

According to an analyst presentation, Omaxe achieved sales bookings of Rs 1,574 crore during April-December period of 2012-13 fiscal compared to Rs 1,174 crore in corresponding period of the previous year.

Out of total sales bookings, built-up area contributed Rs 880 crore, commercial Rs 396 crore and plotted Rs 298 crore.

In volume terms, Omaxe sold 7.9 million sq ft of area in the first nine months of this fiscal, up eight per cent from 7.29 million sq ft in the year-ago period.

Sales realisation rose by 24 per cent to 1,992 per sq ft from Rs 1,610 per sq ft during the period under review.

Earlier this month, Omaxe had reported nearly 50 per cent increase in consolidated net profit at Rs 28.85 crore in the third quarter of this fiscal against Rs 19.31 crore in the year-ago period.

Total income from operations rose by 25 per cent to Rs 567.93 crore during October-December quarter of 2012-13 fiscal from Rs 456.05 crore in the corresponding quarter of previous fiscal.

Omaxe, which has presence in 39 cities across India, is currently working on 44 real estate projects, of which 19 are integrated townships, 16 group housing and 9 shopping malls, commercial complexes/hotel projects.

There are 10 ongoing projects in the infrastructure segment that comprises EPC contracts, roads & bridges, construction having book value of Rs 1,018 crore.

Shares of Omaxe were last trading at Rs 150.80, up 0.20 per cent on BSE.

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