Mumbai: Realty developer Omaxe on Tuesday reported a 91% dip in its consolidated net profit for the financial year ended 31 March, 2009, to Rs41.31 crore.
The company had a consolidated net profit of Rs494.87 crore during the 2007-08 fiscal, Omaxe said in a filing to the National Stock Exchange (NSE).
The consolidated net sales of the realty firm plunged to Rs798.79 crore during the past fiscal from Rs2,281.61 crore a year earlier.
On a standalone basis, Omaxe posted a net profit of Rs78.11 crore during the 2008-09 fiscal, down 80% compared to Rs398.80 crore in the previous year.
The standalone net sales of the company dropped to Rs699.77 crore during the FY09 from Rs1,789.49 crore of FY08.
Shares of Omaxe on Tuesday closed at Rs99.40, down nearly 5% on the NSE.