Omaxe Limited , a prominent real estate company, has reported a consolidated net loss of Rs 166.42 crore for the second quarter of fiscal year 2026, showing an improvement from the Rs 239.48 crore loss recorded in the same quarter of the previous year. The company's financial performance, while still in the red, demonstrates some resilience in a challenging market environment.

Financial Highlights

For Q2 FY26, Omaxe's total income declined to Rs 298.03 crore from Rs 644.39 crore in Q2 FY25, reflecting a significant reduction in revenue. Despite the lower income, the company managed to narrow its losses, indicating potential cost-cutting measures or improved operational efficiencies.

Half-Year Performance

For the first half of FY26, Omaxe reported a total income of Rs 644.39 crore, down from Rs 783.55 crore in the corresponding period of the previous year. The net loss for H1 FY26 stood at Rs 352.19 crore, showing an improvement from the Rs 386.46 crore loss in H1 FY25.

Regulatory Challenges

Omaxe continues to face regulatory challenges. The company has an ongoing appeal with the Securities Appellate Tribunal (SAT) against a SEBI order dated July 30, 2024. The SAT has granted a stay on certain directions of the SEBI order, with the next hearing scheduled for January 5, 2026.

Additionally, Omaxe and some of its subsidiaries are dealing with income tax demands for assessment years 2014-15 to 2022-23. The company has filed appeals before the appellate authority (CIT-A) and writ petitions challenging the reopening of cases. Management believes these orders will be dismissed in due course.

Financial Position

As of September 30, 2025, Omaxe's consolidated balance sheet showed total assets of Rs 15,727.82 crore. The company's equity share capital remained unchanged at Rs 182.90 crore, while other equity stood at negative Rs 739.92 crore, indicating accumulated losses.

Cash Flow and Liquidity

The company's cash flow statement revealed a net increase in cash and cash equivalents of Rs 329.32 crore for the half-year ended September 30, 2025. This improvement in liquidity may provide some financial flexibility to the company in the near term.

Outlook

Omaxe's ability to further reduce losses and return to profitability will likely depend on market conditions in the real estate sector, the resolution of regulatory issues, and the company's success in managing its operational costs and debt. Investors and stakeholders will be watching closely to see if the company can build on this marginal improvement in the coming quarters.

The real estate sector in India continues to face headwinds, and Omaxe's performance reflects these broader market challenges. As the company navigates through these difficult times, its focus on financial prudence and resolving regulatory matters will be crucial for its long-term sustainability and growth prospects.

Omaxe Limited , a prominent player in the Indian real estate sector, has announced a significant move to strengthen its market position. The company has agreed to acquire 100% equity shareholding in two real estate firms, Next10 Realbuild Private Limited and Next10 Land Developers Private Limited, transforming them into wholly owned subsidiaries.

Transaction Details

The acquisitions involve the purchase of 10,000 equity shares from each company, with the following specifics:

About the Acquired Companies

Both target companies, incorporated in July 2021, are engaged in the real estate business. Key points about these entities include:

• Next10 Realbuild Private Limited

  • CIN: U70109DL2021PTC383478
  • Incorporated on July 09, 2021

• Next10 Land Developers Private Limited

  • CIN: U70103DL2021PTC383397
  • Incorporated on July 08, 2021

It's worth noting that neither company has reported any turnover in the last three years, and their operations are currently limited to India.

Related Party Transaction

The acquisition is classified as a related party transaction, as 99% of the shareholding in both companies is held by Rohtas Goel, the Non-Executive Chairman and Promoter of Omaxe Limited. The remaining 1% is held by Rajneesh Pabbi, who is not considered a related party.

Transaction Terms

• The acquisitions are being conducted at arm's length price.
• The consideration will be paid in cash through banking channels.
• The transactions are expected to be completed by November 19, 2025.
• No governmental or regulatory approvals are required for these acquisitions.

Strategic Implications

While Omaxe Limited has stated that there is no material impact of this acquisition at present, the company has indicated that these acquisitions are part of its plans for the next phase of growth. The move suggests a strategic expansion of Omaxe's real estate portfolio, potentially positioning the company for future development projects or market opportunities.

As the real estate sector continues to evolve, this acquisition may provide Omaxe with additional resources and flexibility to respond to market demands and expand its operational capabilities.

Investors and stakeholders will likely be watching closely to see how Omaxe integrates these new subsidiaries into its existing operations and leverages them for future growth in the competitive Indian real estate market.