Hi, Do you know why they are expecting so? Because the company's sales bookings fell by 11% during last financial year to Rs 2107 crore against Rs 2373 crore in the year before.
Well Veena, I only know about this realty firm that this firm has presence in 9 states across 30 cities. It is perform about 125-million sq-ft of area currently, comprising 14-group housing, 18 integrated township and 10 commercial projects.
@Sujan Mitra, I am telling you what exactly happened, Omaxe's net profit fell by 26% at Rs 78.52 crore during 2013-14 financial year against Rs 105.68 crore in the previous year. Organised income from operations declined 22% to Rs 1623 crore as against Rs 2078 crore during the period under review.
Giving views of sales bookings for the current 2014-15 financial year in a conference call with analysts. In terms of bookings which were Rs 2100 crore last year, they are expecting a jump of around 20 percent this financial year.
@Veena, you are absolutely right , Whereas in terms of area, it is going to be very difficult for them to give us the area because this year they sold around 7 million sq-ft. Probably again they will be expecting around 8 to 9 million sq-ft but the average realization, average rate per sq-ft would increase. So, that is why their revenues would increase.
@Varun, Do you know about the company's debt equity ratio? As of March 31, 2014, the gross debt equity ratio of the company stood at 0.48, while the net debt equity ratio for the company stood at 0.37. Gross Debt for FY'14 stood at Rs 1049 crore, while the net debt stood at Rs 806 crore.