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Ajmera Realty Rallies as Sales Value Jumps 36% YoY in Q1 FY25

Jul 12, 2024

By: BlinkX Research Team

Ajmera Realty & Infrastructures spurted 5.5% to Rs 762.35 after the company’s sales value rose 36% on year to Rs 306 crore in Q1 FY25, driven by robust performance across its key project portfolio.
 

Key Takeaways from Ajmera Realty & Infra India’s Sales Growth

• The company’s sales area stood at 1,30,801 square feet.
• The company’s sales value stood at Rs 306 crores, up by 36% YoY.
• The collections stood at Rs 165 crores, up by 49% YoY.
• Ajmera Vihara at Bhandup was launched at the end of May 24 and sold 27% of its inventory.
   

The rise in sales is due to the recently launched project Ajmera Vihara in Bhandup, which sold 27% of its inventory at launch. Ajmera Greenfinity AB's sales boom maintained, with 38% of inventory sold in less than two quarters after inception. The spike can be seen throughout the firm's portfolio, showing high interest from homebuyers, particularly in Ajmera Manhattan and Ajmera Prive, according to the news statement.
 

In Q1 FY25, the firm's carpet area sales were 1,30,801 square feet (sq.ft), down 3% year on year but up 16% quarter on quarter. The company's collection for the June quarter was Rs 165 crore (up 49% YoY and down 16% QoQ).
 

Dhaval Ajmera, Director, Ajmera Realty & Infra India, stated, "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 was a fantastic year for us, and Q1FY25 began with excellent progress towards our full-year projection. Our successes demonstrate our dedication to future growth and progress toward an ambitious 5x growth target.
 

Further, the company is optimistic about its substantial pipeline of 7 new projects having estimated GDV of nearly Rs 4,300 crore. The sector outlook remains positive, supported by new MahaRERA regulations aimed to enhance transparency and accountability.
 

About Ajmera Realty & Infra India Limited

Ajmera Realty & Infra India Limited (ARIIL) is one of the trusted names having a PAN India presence. The company has a significant development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai. Current projects are at Mumbai: “Manhattan”, “Prive” and “Eden” along with various projects at Bengaluru: “Ajmera Lugaano” and “Ajmera Florenza”. The company focuses on premium developments in luxury and mid-luxury projects in the residential segment. The group is focused on trust and delivering buyers’ trusted selection. The Group’s GenNext believes in “KEEP EVOLVING” and accordingly the strategies, systems, processes, planning and the usage of cutting-edge technology have been resorted to allow the company to deliver targeted value to all of its stakeholders. 

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