Realty company Ajmera Realty & Infra India announced H1FY25 & Q2FY25 results Revenue in Q2FY25 grew by 38% on a YoY basis to Rs 204 crore from Rs 148 crore in Q2FY24, while H1FY25 recorded a YoY growth of 51% to Rs 400 crore from Rs 265 crore in H1FY24. PAT in Q2FY25 grew by 58% on a YoY basis to Rs 36 crore as compared to Rs 23 crore in Q2FY24, while H1FY25 PAT grew by 55% YoY to Rs 69 crore from Rs 44 crore in H1FY24. Sales Value grew by 18% in H1FY25 to Rs 560 crore from Rs 476 crore in H1FY24. Collections remained robust in H1FY25 with a 34% growth surging to Rs 298 crore from Rs 222 crore in H1FY24, driven by strong sales and efficient project execution. Company has on boarded marquee investors in its Equity raise of Rs 225 crore on preferential allotment basis and successfully closed its maiden private equity deal with domestic institutional investor. Dhaval Ajmera, Director – Ajmera Realty & Infra India said: “The company remains steadfast on its growth trajectory, delivering impressive results that reflect our strategic initiatives. We are happy to increase the equity through preferential allotment which is testimony of the growth potential of the company from the investors who are strategically aligned with our objectives. A robust pipeline comprising seven projects with a Gross Development Value of ?4,270 crores is set to launch, positioning the second half of FY25 for significant optimism and value creation. These developments collectively enhance the company’s prospects and stakeholder value.” Result PDF
Realty company Ajmera Realty & Infra India announced Q1FY25 results: Financial Highlights: Revenue grew by 67% in Q1FY25 on YoY basis to Rs 196 crore from Rs 118 crore in Q1FY24. PAT grew by 52% in Q1FY25 on a YoY basis, surging to Rs 33 crore from Rs 22 crore in Q1FY24. Sales value grew by 36% YoY in Q1FY25, increasing to Rs 306 crore from Rs 225 crore in Q1FY24, which was buoyed by the successful launch of Ajmera Vihara at Bhandup and sustained sales of Ajmera Manhattan Ajmera Prive and Ajmera Greenfinity AB. Collections remained healthy in Q1FY25 with a 49% YoY growth, surging to Rs 165 crore from Rs 111 crore in Q1FY24. Debt has been reduced by Rs 58 crore in Q1FY25 from Operating cash flow. Commenting on the Q1FY25 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India Limited said: “In Q1FY25, Ajmera Realty continued its robust growth momentum with a stellar performance across all financial metrics, driven by strong sales growth and excellent collection efficiencies across all projects. This growth trajectory is a testament to the company’s coveted launch pipeline and paves the way further towards our fullyear guidance. Given the powerful tailwinds fanning buoyancy in demand across the sector, along with favorable government policies boosting domestic sales and inclination from NRIs and overseas institutional investors, the industry is witnessing an active growth fuelled by end-users driven demand. We are banking on this opportunity and look forward to leveraging this to drive high-octane growth for the company. With an estimated Gross Development Value (GDV) of about Rs 4,270 crore spread across 7 projects, we are bullish about achieving our goals and look forward to a promising year ahead.” Result PDF
Ajmera Realty & Infra India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Sales Value grew by an impressive twofold in Q4FY24, surging to Rs 287 crore from Rs 140 crore in Q4FY23. Collections remained robust in Q4FY24 with a 91% YoY growth, surging to Rs 197 crore from Rs 103 crore in Q4FY23. Total Revenue in Q4FY24 grew by 99% on YoY basis to Rs 234 crore from Rs 118 crore in Q4FY23. PAT in Q4FY24 grew by 90% on a YoY basis to Rs 29 crore as compared to Rs 15 crore in Q4FY23. Debt-equity ratio being 0.90:1 as against 0.94:1 as at Q3FY24 & 1.00:1 at the end of the Q4FY23. FY24 Financial Highlights: For FY24, Sales Value was Rs 1,017 crore, recording a 21% YoY growth. FY24 collections surged to Rs 197 crore from Rs 103 crore in FY23, marking a robust 91% YoY growth. Total Revenue in FY24 recorded a YoY growth of 61% to Rs 708 crore from Rs 441 crore in FY23. FY24 PAT grew by 44% YoY basis to Rs 103 crore from Rs 72 crore in FY23. Commenting on the Q4 & FY24 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India said: “I’m pleased to announce that FY24 marked a structural shift in our company’s illustrious history, with many major milestones being achieved. Ajmera Realty recorded its robust annual topline of Rs 700+ crore and a bottomline of Rs 100+ crore. The pre-sales for the company clocked over Rs 1,000 crore which is remarkable despite the higher base effect. Looking ahead, we are more confident than ever of achieving our strategic vision of 5x growth, considering our exceptionally strong pipeline of launches, project additions, managing leverage despite growth momentum; we hereby are taking a leap ahead with our guidance for FY25E with a 33% growth in Pre-Sales.” Result PDF
Conference Call with Ajmera Realty & Infra India Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Realty Company Ajmera Realty & Infra India announced Q1FY24 results: Sales value at Rs 225 crore; up 60% QoQ Sales volume at 1,35,460 Sq. ft; up 96% QoQ Collection at Rs 111 crore; up 8% QoQ Revenue at Rs 118 crore; up 113% YoY PAT at Rs 21 crore; up 82% YoY, PAT Margin at 18% The debt-equity ratio at 0.97x; achieves breakthrough at sub 1x Commenting on the performance of Q1FY24, Dhaval Ajmera, Director –ARIIL said, “We are pleased to announce that our company has delivered a stellar performance in Q1FY24, witnessing a remarkable 96% quarter-on-quarter sales growth at 1,35,460 sq. ft. This phenomenal sales growth is attributed to the launch of a premium residences project in Ghatkopar along with Bengaluru having a multiplier effect. Sales are expected to continue being driven by the strong demand for quality housing throughout the rest of the year. Our company recorded tremendous YoY growth in revenue of 113% to Rs 118 crore and 82% in PAT amounting to Rs 21 crore, the contribution of revenue-eligible projects to the bottom line showcases our operational efficiency. Our efficient debt management efforts resulted in a reduction of the weighted avg. cost of debt to 11.9% for Q1 FY24, as compared to 13.7% for Q4FY23 on account of financial performance and credit profile improvements, also we successfully achieved a debt/equity ratio of 0.97 vs 1.12 YoY, a sub 1x ratio. Our primary goal is to achieve a five-fold increase in sales by the year 2025. To accomplish this, we have set clear priorities, including ensuring the timely delivery of projects within committed timelines, enhancing overall execution efficiency and strategically launching three new projects during this fiscal year with a gross development value of ~Rs 1,800 crore. We remain confident with our strong revenue visibility estimated at Rs 3,960 crore from our ongoing projects and future launches. Our business objective is to not only grow exponentially but also create supply to meet the demands of end users. Key factors driving the demand for real estate will be the sustenance of macro factors through interest rate pause and conducive economic growth. Additionally, the completion of major transit infrastructure projects will create new micro markets, particularly in MMR, opening fresh business opportunities. To capitalize on these opportunities, we plan to venture into new micro-markets in H2 FY24.” Result PDF