Ajmera Group

Ajmera Realty & Infra cuts debt by Rs 100 cr, down to nearly Rs 700 cr

Ajmera Realty & Infra India Ltd on Thursday said it has repaid Rs 100 crore of its corporate debt and accordingly the outstanding debt has been reduced to Rs 693 crore. The Mumbai-based company in a regulatory filing said it has "repaid Rs 100 crore of its corporate debt. 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, the company said. "Outstanding debt has been reduced from Rs 793 crore (as per 2QFY25) to Rs 693 crore," Ajmera Realty said. The company plans to use the equity funds to accelerate its momentum for project launches, and to further strengthen its corporate functionalities. "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 ...

This smallcap real estate stock has zoomed 85% within 2 months

Ajmera Realty & Infra India (ARIIL) hit a new high of Rs 1,120, gaining 6 per cent on the BSE in Thursday's intra-day trade on healthy outlook.

Ajmera Realty Q2 results: Net profit increases 57% to Rs 35.35 crore

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing. The company has raised Rs 225 crore from investors on preferential allotment basis. Mumbai-based Ajmera Realty & Infra India is one of the leading real estate firms in the country.

This realty stock has surged 50% in 2 weeks; zoomed 107% thus far in CY2024

Ajmera Realty hit a new high of Rs 908, surging 5% after the company's board approved issue of equity shares to investor Mukul Mahavir Agrawal and Authum Investment & Infra on preferential basis.

Ajmera Realty & Infra India Q1 results: PAT jumps 49% to Rs 31.43 cr

Ajmera Realty & Infra India on Thursday reported a 49 per cent increase in its consolidated net profit to Rs 31.43 crore for the quarter ending June. Its profit stood at Rs 21.07 crore in the year-ago period. Total income rose to Rs 196.15 crore in the April-June period of this fiscal from Rs 117.57 crore in the corresponding period of the previous year, according to a regulatory filing. 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. This growth trajectory is a testament to the company's coveted launch pipeline and paves the way further towards full-year guidance, he said.

Ajmera Realty hits upper circuit on stellar Q1FY25 nos; profit zooms 49%

The uptick in the Ajmera Realty share price came after the company announced its June quarter of financial year 2025 (Q1FY25) results.

Ajmera Realty's shares in news as sales rise 36% YoY to Rs 306 cr in Q1

Ajmera Realty and Infrastructure, a luxury and mid-luxury residential developer reported strong growth in sales value in its business estimates for quarter one of fiscal year 2024-25 (Q1FY25)

Ajmera Realty Q3 sales bookings soar 98% to Rs 253 cr on housing demand

Ajmera Realty and Infra India Ltd's sales bookings nearly doubled to Rs 253 crore in the third quarter of the current fiscal on better housing demand. Its sales bookings stood at Rs 128 crore in the year-ago period, according to a regulatory filing earlier this week. The Mumbai-based company sold 1,03,573 square feet of carpet area during October-December this fiscal against 63,595 square feet in the corresponding period of the previous year. During April-Decemberthis fiscal, sales bookings grew 5 per cent to Rs 730 crore from Rs 694 crore in the year-ago period. The company sold 3,59,820 square feet of carpet area during the first nine months of this financial year compared to 3,01,010 square feet a year ago. Ajmera Realty & Infra India Ltd Director Dhaval Ajmera said, "As we exit Q3 FY24, we are firmly on course to achieve our sales goal of Rs 1,000 crore for this fiscal". "The real estate sector has recently witnessed a noteworthy upturn, with the index reaching a 15-year high

Ajmera Realty bags housing project in Mumbai; eyes Rs 360 cr sales revenue

Ajmera Realty & Infra India Ltd on Tuesday said it will redevelop a housing society at Versova in Mumbai and is expecting to generate Rs 360 crore revenue from this project. In a regulatory filing, the Mumbai-based company informed that it has undertaken "redevelopment of Balkrishan Co-operative Housing Society based in Versova." The redevelopment is estimated to generate sales of around Rs 360 crore and will primarily comprise 3 BHK residential apartments, it added. Redevelopment and repurposing old housing societies into modernized residential asset classes has gained significant prominence in MMR, thus opening doors to newer opportunities backed by redefined interest from homebuyers," Dhaval Ajmera, Director of Ajmera Realty, said. This redevelopment project represents a strategic step towards achieving the 5x growth through joint venture / joint development agreement/ low capex acquisition via inorganic strategy, he added.

Ajmera Realty & Infra Q1 consolidated net profit rises 82% to Rs 21 crore

Ajmera Realty & Infra India reported an 82 per cent increase in consolidated net profit to Rs 21.07 crore in the June quarter. Its net profit stood at Rs 11.57 crore in the year-ago period, the company said. Ajmera Realty's total income rose to Rs 117.57 crore in the first quarter of the current fiscal, up from Rs 55.12 crore in the corresponding period of the previous year, according to a regulatory filing on Tuesday. Sales bookings dropped 44 per cent to Rs 225 crore in the June quarter from Rs 400 crore in the year-ago period. Ajmera Realty & Infra has presence mainly in Mumbai and Bengaluru.

Ajmera Realty & Infra India Q1 sales bookings down 44% to Rs 225 cr

Ajmera Realty & Infra India Ltd on Thursday reported a 44 per cent decline in its sales bookings to Rs 225 crore in the first quarter of this fiscal year. Its sales bookings stood at Rs 400 crore in the year-ago period. The carpet area sold fell 14 per cent to 1,35,460 square feet in April-June period of this fiscal year from 1,57,438 square feet in the corresponding period of the previous year, according to a regulatory filing. The Mumbai-based company is focused on development of luxury and mid-luxury residential projects.

Ajmera Realty & Infra profit up 7.9% in Q4FY23, income down 36.7%

However, for the full year, total income fell to Rs 440.63 crore in FY23 from Rs 489.11 crore in FY22

Ajmera Realty & Infra net profit rises 8% to 15 cr in March quarter

Ajmera Realty & Infra India Ltd on Thursday reported an 8 per cent increase in its consolidated net profit at Rs 15.11 crore for the quarter ended March 2023. Its net profit stood at Rs 14.01 crore in the year-ago period. Total income declined to Rs 117.80 crore during the January-March quarter of 2022-23 fiscal year from Rs 183.62 crore a year ago, Mumbai-based real estate developer said in a regulatory filing. For the full 2022-23, the net profit increased to Rs 71.50 crore from Rs 45.39 crore in the previous year. Total income fell to Rs 440.63 crore in the last fiscal from Rs 489.11 crore in the 2021-22 fiscal. On operational front, the company's sales bookings rose 95 per cent to Rs 842 crore last fiscal from Rs 431 crore in the previous year.

Ajmera Realty buys land parcel in Mumbai from Tata Comm for Rs 76 cr

Ajmera Realty & Infra India Ltd has acquired 5,017 square meters of land in Mumbai from Tata Communications for Rs 76 crore to build a residential project. The land parcel, located at Vikhroli East, has been acquired by its subsidiary Shree Yogi Realcon Pvt Ltd in a bidding process for a total consideration of Rs 76 crore. The acquisition is intended for the residential development offering 1/2/3 BHK, with an estimated gross sales value of Rs 550 crore, the company said. The land acquisition is a part of Ajmera Realty's growth strategy, to continue broadening its scope in newer micro-markets across the Mumbai & MMR region, where residential sales have accelerated and is expected to grow further. Dhaval Ajmera, the company's director, said the land acquisition in Vikhroli aligns with the objective of strengthening the company's footprint across real estate micro markets in Mumbai & MMR.

Ajmera Realty records Rs 694 crore sales in first nine months of FY23

The sold area also included a recently launched project at Juhu which clocked sales of over 10 per cent of the sales potential on receipt RERA registration during the quarter

Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore

Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period. Dhaval Ajmera, Director at Ajmera Realty & Infra India, said, "The company performed exceptionally well during Q1 FY23 on the back of the Ajmera Manhattan launch during April 2022." "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. The Mumbai-based company said its sales bookings grew significantly despite headwinds from the introduction of metro cess, higher .

Ajmera Realty Q4 profit at Rs 14 cr; revenue jumps two folds to Rs 184 cr

Ajmera Realty & Infra India on Thursday reported 12 per cent increase in consolidated net profit at Rs 14.01 crore for the quarter ended March 2022. Its net profit stood at Rs 12.48 crore in the year-ago period. Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing. Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21. Total income surged to Rs 489.11 crore in 2021-22 from Rs 351.79 crore in the previous year. Dhaval Ajmera, Director Ajmera Realty & Infra India said: "India's real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years.

Ajmera Realty profit up 48% to Rs 11.43 crore in September quarter

Ajmera Realty & Infra India Ltd on Thursday reported a 48 per cent increase in its consolidated net profit at Rs 11.43 crore for the quarter ended September. Its net profit stood at Rs 7.70 crore in the year-ago period. Total income fell to Rs 100.08 crore in the second quarter of this fiscal year from Rs 109.32 crore in the corresponding period of the previous year. Net profit more than doubled to Rs 21.69 crore during the first six months of this fiscal year from Rs 9.80 crore in the corresponding period of the previous year. Total revenue rose to Rs 235.35 crore during the April-September period of this fiscal year from Rs 149.48 crore in the year-ago period. Dhaval Ajmera, Director Ajmera Realty & Infra India, said: "The improved pandemic scenario and the low home loan rates have provided the required traction to our ready-to-move and under-construction projects. We are on the path of debt reduction." The company plans to launch three new projects this year to continue its

Ajmera Realty expects Rs 4,000 cr revenue in 3-4 years from 7 projects

The city-based developer Ajmera Realty is expecting around Rs 4,000 crore in topline from the upcoming seven projects which need an investment of around Rs 2,500 crore, a top company official has said. The company, which had a revenue of Rs 330 crore in the pandemic-hit FY21, is expecting to close FY22 with Rs 500 crore and has started off the fiscal on a robust note with the June quarter sales touching Rs 134 crore. It earned a profit of Rs 10.26 crore in Q1, up from Rs 2.10 crore in June 2020. The proposed seven projects are coming up in Mumbai (four, one of which is a relaunch in the Mulund area), Pune (two) and one in Bengaluru and will have a saleable area of around 2 million sqft when fully developed. "We are expecting topline to grow by Rs 4,000 crore from these seven projects and have budgeted around Rs 2,500 crore of investment in these projects," Dhaval Ajmera, director of Ajmera Realty & Infra, told PTI on Monday. "Despite the pandemic we almost doubled our sales in the

Ajmera Group announces first overseas project in Bahrain, four in London

It has formed a strategic partnership with Mayfair Housing and formed Ajmera Mayfair Realty Group to jointly invest Rs 14 bn into developing residential towers in Bahrain called Golden Gate