Omaxe has moved into profitability in the latest quarter, making the real-estate developer one of the companies in focus today. The turnaround comes amid improving activity in India’s property market, where demand for residential and commercial developments remains an important growth driver.
Investors will now look at project execution, bookings, cash flows and the company’s ability to maintain profitability. A sustained improvement in earnings could strengthen sentiment towards the stock, although real-estate businesses remain sensitive to interest rates and funding conditions.
