Omax Autos Q2 net slips 28% at Rs4 cr

Omax Autos Q2 net slips 28% at Rs4 cr

Mumbai: Omax Autos today said its net profit declined by 28.22% at Rs4.40 crore for second quarter of this fiscal, over the corresponding period a year ago.

The company had a net profit of Rs6.13 crore for the second quarter last fiscal, Omax Autos said in a filing to the Bombay Stock Exchange (BSE).

Total income rose to Rs251.84 crore for the quarter under review, from Rs176.59 crore for the same period last fiscal.

For the six-month ended 30 September, the company has posted a net profit of Rs8.64 crore, against Rs10.16 crore for corresponding period a year ago.

Further, the company has appointed Suresh Mathur as chairman of Omax Autos, the filing added.

Shares of the company were trading at Rs22.75, down 1.52% in the morning trade on the BSE.

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