Ajmera Realty & Infra India Limited reported a significant surge in sales value, reaching ₹306 crore, alongside collections of ₹165 crore, marking a year-on-year growth of 36% and 49%, respectively, compared to the first quarter of the previous fiscal.
At 12.55 pm, the stock was trading at ₹745.90 apiece with a gain of 3.22% on BSE. Ajmera Realty & Infra India Limited opened the session at ₹711, lower than its previous close of ₹722.60, but then gained and hit the day’s high.
In an exchange filing, the real estate company said its sales value for the June quarter rose to ₹306 crore from ₹225 crore in the same period last year, driven by strong performance across its key project portfolio. The recently launched project, Ajmera Vihara in Bhandup, Mumbai, contributed significantly to this growth, with 27% of its inventory sold at launch.
Ajmera Greenfinity AB also maintained strong sales momentum, with 38% of its inventory sold within less than two quarters from its launch.
Other notable projects, including Ajmera Manhattan and Ajmera Prive, continued to attract substantial interest from homebuyers, said the company in the filing.
The fast-tracked execution of these projects further strengthened collections, which saw a 49% increase during the quarter.
The company sold carpet area of 1,30,801 square feet in the first quarter of this fiscal, compared to 1,35,460 square feet in the June quarter last year, showing a slight decline of 3%. However, on a quarter-on-quarter basis, the carpet area sold increased by 16%. The sales value increased by 7% from ₹287 crore in the fourth quarter of FY24 to ₹306 crore in Q1 of FY25.
Collections, however, showed a decline of 16% from ₹197 crore in the March quarter to ₹165 crore in the June quarter.
Dhaval Ajmera, director, Ajmera Realty & Infra India Ltd, said, “Looking ahead, we are optimistic about our substantial pipeline of seven new projects having estimated GDV of about ₹4,300 crore. The sector outlook remains positive, supported by new MahaRERA regulations aimed at enhancing transparency and accountability, expected to benefit established players like us.”
Ajmera Realty & Infra India Limited operates across India, with a focus on premium projects in the luxury and mid-luxury residential segments. The company’s current projects in Mumbai include Manhattan, Prive and Eden, while projects in Bengaluru include Ajmera Lugaano and Ajmera Florenza.
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