Despite the widened loss, the company's total consolidated income grew by 47.62% to Rs 3.98 billion in Q2 FY25, up from Rs 2.69 billion in the corresponding quarter of the previous fiscal.

During the quarter, Omaxe acquired 2,10,000 equity shares of Rs 10 each in Parshwa Veer Builders and Developers, making it a wholly-owned subsidiary. Similarly, it acquired 10,000 equity shares of Rs 10 each in Khushiyon Ka Ghar, which has also become a wholly-owned subsidiary. (ET)