Ajmera Realty achieves stellar growth - sale jumps 36% in Q1 FY25

Ajmera Realty & Infra India Ltd (BSE: 513349 & NSE: AJMERA), a leading real estate company with a pan India presence, announced its operational numbers for Q1 FY25.

ARIIL achieves sales value of INR 306 crores and collections of INR 165 crores for the Q1 FY25 with a growth of 36% and 49% respectively as compared to the Q1 FY24.



Ajmera Realty witnessed strong growth in sales value during Q1 FY25, surging by 36% YoY to INR 306 crores from INR 225 crores in Q1 FY24 driven by robust performance across its key project portfolio. The surge in sales is on account of recently launched project Ajmera Vihara at Bhandup, with 27% of inventory sold on launch. Ajmera Greenfinity AB sales momentum continued with 38% inventory being sold in span of less than two quarters from its launch period. The surge being evident across our portfolio, indicating strong interest from homebuyers notably in Ajmera Manhattan and Ajmera Prive. With the execution happening at fast track the collection also robust during the quarter witnessing increase of 49%.

Commenting on the Company's operational performance for Q1 FY25, Mr. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, "In Q1 FY25, Ajmera Realty maintained robust growth of 36%, buoyed by the successful launch of Ajmera Vihara at Bhandup, alongside strong performances from Ajmera Greenfinity AB, Ajmera Manhattan and Ajmera Prive projects. Reflecting on FY24, it has indeed been a stellar year for us and Q1FY25 began with significant progress marching towards our full year guidance. Our achievements underscore our commitment to future growth and moving forward to an ambitious 5x growth strategy. Looking ahead, we are optimistic about our substantial pipeline of 7 new projects having estimated GDV of about INR 4,300 crores. The sector outlook remains positive, supported by new MahaRERA regulations aimed at enhancing transparency and accountability, expected to benefit established players like us.

Shares of Ajmera Realty & Infra India Limited was last trading in BSE at Rs. 717.95 as compared to the previous close of Rs. 710.05. The total number of shares traded during the day was 3297 in over 201 trades.

The stock hit an intraday high of Rs. 725.20 and intraday low of 710.00. The net turnover during the day was Rs. 2355627.00.

Source : Equity Bulls

Keywords

AjmeraRealtyandInfraIndia INE298G01027 Q1FY25 OperationalUpdate