Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India announced its appointment to redevelop the premises of Ascot Co-operative Housing Society Limited. The project, covering a total land area of 2,319 sq. mt., to be developed in a single phase in Shastri Nagar, a prime location in Andheri West, Mumbai, Maharashtra. Shastri Nagar shares a deep-rooted connection with the Ajmera Group, as it was originally developed by the Company, reinforcing strong brand recall in the area. The project is expected to generate an estimated sales revenue of Rs 320 crore, with a total estimated carpet area of about 71,300 sq. ft. This development aligns with Ajmera Realty strategy to diversify its portfolio by expanding its inorganic growth through asset-light acquisitions, including an increasing focus on redevelopment projects. It will further strengthen the Company's presence in Mumbai's growing micro markets. With these project additions, the company has added four new projects with a total GDV of about Rs 2,770 crore, marching towards its fiscal guidance. Located in Andheri West, this project is part of Ajmera Group's legacy development, with seamless access to a wide range of social, educational, healthcare, and commercial amenities. The location offers a well-rounded urban lifestyle with access to recreation centers, renowned medical facilities and top-tier educational institutions. It is also well-connected to high activity retail and business hubs, supported by excellent metro connectivity. Its central positioning further reinforces its status as a prime residential neighborhood within this thriving suburban micro-market.Powered by Capital Market - Live

Net profit of Ajmera Realty & Infra India rose 11.19% to Rs 33.89 crore in the quarter ended December 2024 as against Rs 30.48 crore during the previous quarter ended December 2023. Sales declined 6.72% to Rs 192.88 crore in the quarter ended December 2024 as against Rs 206.77 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales192.88206.77 -7 OPM %32.4729.00 - PBDT45.2941.26 10 PBT44.5940.60 10 NP33.8930.48 11 Powered by Capital Market - Live

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

As compared with Q2 FY25, the collections grew by 26%. The company has sold a total carpet area of 1,65,116 square feet, up 45% QoQ and 59% YoY. This translated to a sales value of Rs 270 crore, up 7% YoY and 6% QoQ, driven by the launch of Ajmera Iris in Bengaluru. Dhaval Ajmera, director, Ajmera Realty & Infra India, said: 'In Q3 FY25, Ajmera Realty delivered a steady performance, with sales driven by our recently launched portfolio and limited inventory availability across projects. The launched portfolio velocity contributed over 40% to our sales during the nine-month period, demonstrating our ability to align with market expectations. Looking ahead, we are optimistic about launching new projects in the upcoming quarter. The company is well-capitalized following the successful conclusion of its recent preference issue. RBI's steady repo rate and anticipated easing have improved market sentiment on the sectoral front. As we progress through CY25, we anticipate robust sales growth supported by easing rates and improving macroeconomic conditions. We remain committed to delivering exceptional value to our stakeholders by capitalizing on emerging opportunities and are confident in achieving our guidance of 5x growth. Ajmera Realty stated that it has witnessed a steady performance in Q3 FY25 supported by projects nearing completion with limited inventory and new launches. The inventory of recently launched Ajmera Iris project recorded 47% sales, while Ajmera Vihara achieved 61% sales during the 9M FY25. This underscores the contribution of the launch portfolio in driving sales within the company's portfolio. Additionally, collections increased by 10% YoY to Rs 167 crore, reflecting consistent customer payouts. Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai. Ajmera Realty & Infra India surged 6.50% to Rs 883.55 after the company reported 58% jump in consolidated net profit to Rs 36.3 crore on a 38% increase in total revenue to Rs 204.1 crore in Q2 FY25 over Q2 FY24. The scrip declined 0.58% to currently trade at Rs 1,138.85 on the BSE. Powered by Capital Market - Live

The repayment is facilitated from the funds raised through the recent equity offering of Rs 225 crore. The debt reduction ahead of its scheduled due date is expected to help the company post better returns on grounds of lower interest payments on existing debt. Outstanding debt has been reduced from Rs 793 crore (as per 2QFY25) to Rs 693 crore. The company has been efficiently managing and improving its debt profile with sustained positive momentum and this development comes as a significant boost towards debt reduction. Along with this, ARIIL plans to use the equity funds to accelerate its momentum for project launches, and to further strengthen its corporate functionalities. The holistic growth trajectory and year-on-year debtequity ratio performance reflect the buoyancy and bullish approach of the company towards attaining the ambitious 5x growth. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, 'This is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce the management's commitment to higher growth and wealth creation for its stakeholders. As a company, we are dedicated towards our commitment to attaining 5x growth, and this move is a significant contributor towards that goal.' Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment. Ajmera Realty & Infra India surged 6.50% to Rs 883.55 after the company reported 58% jump in consolidated net profit to Rs 36.3 crore on a 38% increase in total revenue to Rs 204.1 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.86% to Rs 1,056.15 on the BSE. Powered by Capital Market - Live

EBITDA improved by 62% YoY to Rs 64.6 crore during the period under review. EBITDA margin was 32% in Q2 FY25 as against 27% in Q2 FY24. Finance costs increased by 69% to Rs 17.5 crore in Q2 FY25 from Rs 10.4 crore in Q2 FY24. Profit before tax in Q2 FY25 stood at Rs 46.5 crore, up by 59% from Rs 29.3 crore posted in Q2 FY24. The company's sales volume for the second quarter was 1,14,046 square feet, down 6% YoY. Sales value and collections were Rs 254 crore (up 1% YoY) and Rs 133 crore (up 20% YoY), respectively. The 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 Rs 4,270 crore 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.' Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment. Powered by Capital Market - Live

Net profit of Ajmera Realty & Infra India rose 56.90% to Rs 35.35 crore in the quarter ended September 2024 as against Rs 22.53 crore during the previous quarter ended September 2023. Sales rose 37.58% to Rs 199.96 crore in the quarter ended September 2024 as against Rs 145.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales199.96145.34 38 OPM %30.2125.95 - PBDT47.0429.58 59 PBT46.5329.27 59 NP35.3522.53 57 Powered by Capital Market - Live

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Ajmera Realty & Infra India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 November 2024 .Powered by Capital Market - Live

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live