AJMERA REALTY SALES
India's 28-listed realty firms sell properties worth Rs 53k cr in Apr-Jun; Prestige Group leads
India's listed real estate companies witnessed robust sales in the April-June quarter, reaching nearly Rs 53,000 crore, fueled by strong residential demand. Prestige Estates led with the highest sales bookings, followed by DLF, Godrej Properties and Lodha Developers. These top five developers contributed significantly to the total sales, indicating a strong preference for branded players in the housing market.
Ajmera Realty Q1: Net Profit rises 20%, revenue surges 32%
Ajmera Realty posted a 20% YoY rise in Q1 profit at Rs 39 crore, with revenue hitting a five-year high of Rs 260 crore. Operating margins remained strong at 31%. Debt was reduced by 6%, and the company plans to launch nine projects with a GDV of Rs 6,460 crore.
Ajmera Realty inks pact to redevelop 0.5-acre housing society in Mumbai’s Andheri
Ajmera Realty & Infra India Ltd has signed an agreement for the redevelopment of a housing society in Andheri west, Mumbai, expecting an estimated sales revenue of Rs 320 crores. The project reflects the company's ongoing focus on redevelopment and strategic asset-light acquisitions to diversify its portfolio.
Buy Ajmera Realty & Infra, target price Rs 1,039-1,130 in 6-9 months: HDFC Securities
HDFC Securities has issued a buy call for Ajmera Realty & Infra India, projecting a price target of Rs 1039-1130 within the next 6 to 9 months. The positive outlook is driven by the company's strong pre-sales growth, robust project pipeline, and healthy financial position, making it an attractive investment opportunity.
Ajmera Realty & Infra Q2 Results: Net profit rises 58% YoY to Rs 36 crore, raises Rs 225 cr equity
Sales value grew 18% in the first half to Rs 560 crore. Collections remained robust in the first half at Rs 298 crore, up 34% from a year ago driven by strong sales and efficient project execution.
Ajmera Realty & Infra Q1 Results: Net profit jumps 49% YoY to Rs 31.43 cr
Dhaval Ajmera, Director of Ajmera Realty & Infra India, said the company 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
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Ajmera Realty Q4 Results: Net profit jumps 44% YoY to Rs 103 crore; sales value sees two-fold jump
Real estate developer Ajmera Realty & Infrastructure has reported 44% on-year increase in net profit for the financial year 2023-24 at Rs 103 crore on the back of robust growth in bookings.
Ajmera Realty & Infra records two-fold growth in January-March sales
“We have achieved our highest ever pre-sales figures, totalling Rs 1,017 crores in FY24, in alignment with our stated guidance. The company's efforts have yielded remarkable results across aggressive acquisitions, business development endeavors, and execution strategies, underscoring excellence in every aspect of our operations,” said Dhaval Ajmera.
Ajmera Realty & Infra raises Rs 500 cr from Standard Chartered Bank, ICICI Bank
Ajmera Realty & Infra India Ltd has raised Rs 500 crores through a structured deal with Standard Chartered Bank and ICICI Bank. The funds will support a luxury residential project and partially repay a loan from HDFC Bank. The weighted average cost is reduced to 11.9%, and the debt-equity ratio stands at 0.9x.
Ajmera Realty & Infra Q3 net profit up 186%, sales up 98%
Real estate developer Ajmera Realty & Infra India reported a significant increase in consolidated net profit, up by 186% year-on-year to Rs 30 crore for the quarter ending in December. Sales also saw a notable rise, up by 98% year-on-year to Rs 253 crore. Collections increased by 30% compared to the previous year, reaching Rs 151 crore, attributed to strong sales and efficient project execution.
Ajmera Realty records 98% on-year rise in Q3 sales at Rs 253 crore
Ajmera Realty & Infra India Ltd recorded sales worth Rs 253 crore in the quarter ended December, up 98% from the previous year. The company's collections grew 30% on-year to Rs 151 crore. The company sold 1,03,573 sq ft space, up 63% from the previous year. The 98% growth in sales value is attributed to sustained interest in key projects
Ajmera Realty secures redevelopment project in Mumbai’s Borivali, aims Rs 330 crore sales
Ajmera Realty & Infra India has secured the rights to redevelop four housing societies in Mumbai, generating an estimated revenue of Rs 330 crore. The project is part of the company's strategy to focus on the rapidly expanding redevelopment segment in the Mumbai Metropolitan Region. With a planned launch in 2024, the company aims to accelerate its five-fold growth strategy by delivering projects on time and strategically launching new projects with a gross development value of Rs 1,800 crore.
Ajmera Realty & Infra Q1 Results: Net profit zooms 82% YoY to Rs 21 crore; revenue surges 113%
The company is targeting a five-fold increase in sales by the year 2025 aided by timely delivery of projects, enhancing executional efficiency and strategically launching three new projects during the current financial year with a gross development value of Rs 1,800 crores, Ajmera said
Ajmera Realty & Infra Q1 sales Rs 225 cr, down 44% on year, up 60% sequentially
During the June quarter, the sales growth was driven by the implementation of a revamped sales strategy for its projects in Bangalore. Additionally, the successful launch sales of Ajmera Eden that commenced last month, recording 14$ of its sales potential, contributed significantly to the sales growth.
Ajmera Realty & Infra India Q4 Results: Net profit rises 8% YoY to Rs 15 crore
Ajmera Realty & Infra India recorded a 58% rise in net profit at INR 72 crore for the financial year ending in March 2023, with an operating profit rise of 9% to INR 134 crore. The company's sales volume increased by 50% to over 370,000 sq ft, with a sales value growth of 95% to INR 842 crore, while collections rose by 35% to INR 532 crore. Despite a 10% decline in total revenue to INR 441 crore, the company's operating margin rose by 534 basis points to 30%
Ajmera Realty acquires Tata Communications' land parcel in Mumbai's Vikhroli
The listed realty development company has acquired the land parcel through its wholly-owned subsidiary Shree Yogi Realcon. The company has already paid the earnest money for this transaction. The company is planning to develop a residential project on the said land parcel and the same is estimated to provide gross sales value of Rs 550 crores.
Ajmera Realty & Infra India records 93% rise in FY23 sales at Rs 834 crore
Ajmera Realty & Infra India achieved the highest-ever growth in sales of Rs 834 crore for the financial year 2022-23, up 93% from the previous year. The company sold 3.70 lakh sq ft of carpet area, 50% higher YoY, and collections for the year rose 35% to Rs 532 crore. The growth can be attributed to affordability, job creation and income growth.
Ajmera Realty records Rs 694 crore sales in April-December, 1.6 times of FY22 value
The company sold 63,595 sq ft during the December quarter including a recently launched project in Mumbai’s plush Juhu locality. This new project has achieved bookings of over 10% of the sales potential on receipt of its RERA registration during the quarter.
Ajmera Realty & Infra July-September net profit jumps 199% to Rs 34 crore
The company’s sales rose 83% to Rs 166 crore with 49% growth in sales volume of nearly 80,000 sq ft. Collections for the quarter stood at Rs 102 crore.
Ajmera Realty & Infra India Q2 sales Rs 166 crore, up 82%
The developer has sold a total of nearly 80,000 sq ft carpet area during the quarter. For the half year, the company’s sales volume rose 106% to over 2.37 lakh sq ft, while collections saw 44% rise at Rs 312 crore, the company said in a regulatory filing.
Ajmera Realty & infra April-June sales Rs 400 crore, up 261% on year
During the quarter, the company managed to reduce its debt by Rs 25 crore supported by sales and collection momentum. The developer’s weighted average cost of debt stood at 11.6% as on June end with debt-to-equity ratio at 1.12:1 as compared to 1.17:1 in the previous quarter.
Ajmera Realty & Infra acquires land parcel in Mumbai’s Ghatkopar from Tata Communications
“The acquisition of Pantnagar land is in alignment with the company’s vision of a five times growth plan which targets a revenue potential of Rs 4,000 crore over the next 3-5 years. Ghatkopar, Pantnagar is poised to become a lucrative destination for the homebuyers with its newly planned infrastructure development,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.
Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore
"Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added.
Ajmera Realty & Infra April-June sales up 261% YoY at Rs 400 crore
“Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier it will be our endeavor to launch new projects in FY23 and take the growth momentum forward,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.
Ajmera Realty to invest Rs 900 crore to develop residential project in Wadala
Ajmera Realty and Infra India is planning to invest over Rs 900 crore to develop a residential project as part of its 100-acre master layout in central Mumbai’s Wadala locality. The financing of the project will be supported through a mix of internal accruals, construction finance loan from HDFC and sales advances.
Ajmera Realty & Infra inks pact to develop high-end residential project in Mumbai’s Juhu locality
The housing society, Fairyland Co-operative Housing Society, spread over a quarter of an acre will be redeveloped into a premium residential tower with an estimated sales value of Rs 150 crore. The project will consist of high-end apartments with a configuration of three-bedroom and four-bedroom units in a single tower, with a total saleable area of about 30,000 sq ft.
Ajmera Realty to invest Rs 110 cr to redevelop housing society in Mumbai
"The company will invest approximately Rs 110 crore to redevelop the housing project as part of its plan to expand footprint and build residential properties in key prime markets of Mumbai," Ajmera Realty said in a statement.
Ajmera Realty & Infra Q2 results: Net profit rises 38% YoY to Rs 11 crore
Total sales stood at Rs 91 crore on the back of 76,897 sq ft area sold during the quarter, while the collection rose 26% from a year ago to Rs 108 crore.
Ajmera Realty April-June net profit Rs 11 crore, revenue Rs 136 crore
The company’s operating profit for the quarter rose to Rs 34 crore as against Rs 13 crore a year ago. Despite a second wave of lockdown and discontinuing stamp duty concession in Maharashtra, the company’s revenue rose on account of demand for ready-to-move apartments.
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