Omaxe Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Omaxe Ltd reported a 24.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 50.1%.
- Its expenses for the quarter were down by 27.4% QoQ and 29.3% YoY.
- The net profit decreased 37.2% QoQ and increased 109.4% YoY.
- The earnings per share (EPS) of Omaxe Ltd declined at 8.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 300.39 | 398.32 | 601.90 | -24.6% | -50.1% |
Total Expenses | 483.07 | 665.02 | 683.66 | -27.4% | -29.3% |
Profit Before Tax | -182.68 | -266.70 | -81.76 | -31.5% | 123.4% |
Tax | -32.40 | -27.45 | -9.94 | 18.0% | 226.0% |
Profit After Tax | -150.28 | -239.48 | -71.77 | -37.2% | 109.4% |
Earnings Per Share | -8.20 | -13.10 | -3.70 | -37.4% | 121.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Omaxe Ltd is a prominent player in the real estate sector, primarily engaged in the development, construction, and sale of residential, commercial, and retail properties. The company has established a strong presence in various cities across India, focusing on delivering quality infrastructure and innovative housing solutions. While specific recent developments about Omaxe Ltd are not available, it is known for its strategic expansion and commitment to urban development. The company’s operations span a wide range of real estate activities, including affordable housing projects, luxury apartments, office spaces, shopping malls, and integrated townships, catering to diverse customer needs.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Omaxe Ltd reported a total income of ₹300.39 crores. This figure marks a significant decline of 24.6% from the previous quarter (Q2FY25) where total income was ₹398.32 crores. Moreover, when compared year-over-year, there is a notable decrease of 50.1% from ₹601.90 crores in Q3FY24. This substantial drop in revenue indicates a challenging environment for the company, as reflected in the quarterly and annual comparisons. The revenue figures highlight a downward trend in income generation over the past year.
Profitability
The profitability metrics for Omaxe Ltd present a challenging picture. In Q3FY25, the company recorded a loss before tax of ₹182.68 crores, improving from a larger loss of ₹266.70 crores in the preceding quarter (Q2FY25), which equates to a 31.5% reduction in losses quarter-over-quarter. Year-over-year, the loss before tax increased by 123.4% from ₹81.76 crores in Q3FY24. The tax expense in Q3FY25 was negative ₹32.40 crores, compared to negative ₹27.45 crores in Q2FY25 and negative ₹9.94 crores in Q3FY24, reflecting an 18.0% increase QoQ and a 226.0% increase YoY. Profit after tax in Q3FY25 was a loss of ₹150.28 crores, which is an improvement of 37.2% from the previous quarter's loss of ₹239.48 crores. However, YoY, the loss after tax increased by 109.4% from ₹71.77 crores in Q3FY24. The earnings per share (EPS) were also negative, at ₹8.20, improving from ₹13.10 in Q2FY25 but worse than ₹3.70 in Q3FY24.
Operating Metrics
Total expenses for Omaxe Ltd in Q3FY25 amounted to ₹483.07 crores. This represents a 27.4% decrease from Q2FY25’s expenses of ₹665.02 crores and a 29.3% reduction compared to ₹683.66 crores in Q3FY24. Despite the cuts in total expenses, the overall financial performance remained in the negative territory. The significant changes in both revenue and expenses indicate considerable adjustments in operational activities over the recent quarters. The company's focus on managing expenses is evident, although the impact on overall profitability remains a concern. The operating metrics underline the company's current financial trajectory, reflecting both strategic cost management efforts and the broader challenges faced in revenue generation.
