Ajmera Realty & Infra India declares Q3FY22 result: Sale Value at INR 310 crore; 216 Number of units sold Collections at INR 301 crore, up 8% YoY Revenue at INR 305 crore; up 12% YoY EBIDTA at INR 80 crore up 7% YoY, EBITDA Margin at 26% PBT at INR 42 crore: up 70%, PBT Margin at 14% PAT at INR 31 crore: up 77%, PAT Margin at 10% Result PDF
Highlights: Total Revenue at Rs. 235 crore; up 57% YoY Sales advances at Rs. 217 crore; up by 95% YoY 139 units sold with total area of 1,69,082 sft EBIDTA at Rs. 59 crore; up 38% YoY Profit Before Tax at Rs. 29 crore; up 103% YoY Profit After Tax at Rs. 22 crore; up 121% YoY Commenting on the H1FY22 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India Limited said “As one of India’s leading real estate Company, it has been our endeavor to be a dominant player in residential segment and create value for all stakeholders. The improved pandemic scenario and the low home loan rates have provided the required traction to our ready?tomove and under construction projects. We are on path of debt reduction. There are launches scheduled for three new projects this year in our effort to continue strong growth trajectory. The overall real estate market including the key regions of Mumbai, Bengaluru, and Ahmedabad is witnessing an improved performance coming out of the second wave and we expect the market to further improve in thecoming quarters. The need for home ownership accompanied with a positive buyer sentiment especially during the festive season will aid the growing momentum. With the recent developments and upcoming significant launches assisted with the favorable market sentiment, Ajmera Realty is poised to build on the current momentum.” Result PDF