Mumbai: Real estate developer Omaxe on Friday reported a 96.17% decline in its consolidated net profit at Rs5.89 crore for the third quarter (Q3) ended 31 December 2008.
The firm had a net profit of Rs154.16 crore in the third quarter of the 2008 fiscal, Omaxe said in a filing to the Bombay Stock Exchange.
The total income declined 72.45% to Rs186.80 crore for the quarter under review, against Rs678.21 crore in the same quarter last fiscal.
On a standalone basis the company has posted a net profit of Rs4.90 crore for the quarter ended 31 December, dipping 96.01% from Rs123.09 crore in the same quarter corresponding year.
Total income of the company declined to Rs157.22 crore in the quarter under review, against Rs576.84 crore in the period same year ago.
Shares of Omaxe settled at Rs48.35, down 1.63% on the BSE.