Omaxe Annual Business Report

On May 26th, the real estate company, Omaxe, announced its consolidated net profit for the fiscal year ending March 31, 2008, amounting to an impressive ₹495 crore. This figure marks a remarkable increase of more than two times when compared to the ₹244 crore net profit recorded in the previous fiscal year. Omaxe, in its official communication, attributed this substantial profit jump to robust demand within the property market. Furthermore, the firm's consolidated revenue for 2007-08 surged by 60.26%, reaching ₹2,307.75 crore. In a show of confidence, the company also declared a dividend of 25% on its equity shares for the fiscal year that concluded on March 31, 2008.