The shares of this small cap stock, engaged in the business of developing real estate properties for residential, commercial and retail purposes jumped 13 percent on Friday after its wholly owned subsidiary received an order from UPSRTC.
Stock Performance
With a market capitalization of Rs 1,559.23 crore, Omaxe Ltd jumped up to 13 percent in Friday’s trading session and made a high of Rs 89.11 per share compared to its previous closing price of Rs 79.13 per share. The stock retraced from its day’s high and was trading at Rs 85.76 which is an 8 percent increase from the previous close.
What Happened
BeTogether, a wholly owned subsidiary of Omaxe Ltd, has received a contract from Uttar Pradesh State Road Transport Corporation (UPSRTC)to modernize six bus terminals under PPP model. These are located in key areas within the state: Ghaziabad, Lucknow (Gomti Nagar), Prayagraj, Kaushambi, Ayodhya, and Lucknow (Amausi)
With an investment of around Rs 2,700 crore, these projects are set to generate over Rs 4,700 crore in revenue. The total project area spans across 45.59 lakh sqft of saleable area and 70.80 lakh sqft of built-up space.
Each terminal offers automated ticketing, digital displays, AC lounges, charging-equipped seating, escalators, lifts, and advanced security. Modern restrooms and diverse dining enhance the travel experience. With retail, food courts, banquet halls, offices, and EV charging, these hubs blend transit and commerce seamlessly.
Company Overview
Omaxe Ltd., one of India’s leading real estate developers, has been shaping urban landscapes for over three decades. The company has delivered ~135.84 msf across 31 cities in 8 states, spanning residential, commercial, and township projects.
Notable developments include Omaxe New Chandigarh Township, World Street in Faridabad, Omaxe Chowk in Delhi, and Royal Residency in Ludhiana. Currently, Omaxe is developing The Omaxe State in Dwarka, a mixed-use hub featuring retail, hospitality, sports, and entertainment.
Ace Investor Holdings
Renowned Indian ace investor Ajay Upadhyaya holds 25 lakh equity shares in Omaxe Ltd., representing a 1.37 percent stake in the company.
Financial Performance
Looking at financials, the company reported a 52 percent YoY decrease in revenue from Rs 599 crore to Rs 289 crore in Q3 FY25. The company’s net loss stood at Rs 150 crore as compared to Rs 72 crore during the same period last year.
Written by Shwetha Sairam
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