Ajmera Realty & Infra

Ajmera Realty Infra India Limited achieved its highest ever quarterly sales of INR 828 crores, representing 48% year-on-year growth. The company launched two major projects in September - Ajmera Manhattan 2 at Wadala and Thirty 3.15 in Bandra, with combined gross development value of over INR 2,100 crores. Manhattan 2 has already sold 38% of its inventory within a month of launch. For the first half, the company reported revenue of INR 481 crores (20% growth), EBITDA of INR 139 crores (6% growth), and PAT of INR 71 crores (2% growth). The company delivered 533 homes and targets 1,000 possessions for the full year. Total debt stands at INR 690 crores with debt-to-equity ratio of 0.55x. Revenue visibility strengthened to INR 3,599 crores from committed sales and available inventory, with upcoming launch pipeline expected to contribute INR 4,357 crores. The company maintains guidance for INR 6,400 crores in launches for the year and expects strong momentum from seven upcoming projects across 1.6 million square feet.

Ajmera Realty Infra India Limited has issued a postal ballot notice seeking shareholder approval for subdividing its equity shares in a 1:5 ratio. Each existing share with face value of Rs. 10 will be split into 5 shares with face value of Rs. 2 each. The company's authorized share capital will remain Rs. 150 crores but will comprise 75 crore shares of Rs. 2 each instead of 15 crore shares of Rs. 10 each. The current subscribed and paid-up capital of 3.93 crore shares will become 19.68 crore shares post-split. Remote e-voting is scheduled from November 12, 2025 (9:00 AM) to December 11, 2025 (5:00 PM), with the cut-off date set as October 31, 2025. The Board approved this proposal on November 6, 2025, citing objectives to enhance share liquidity, make shares more affordable for retail investors, and broaden the shareholder base. The split will also require consequential amendments to the company's Memorandum of Association.

Ajmera Realty & Infra India reported a 48% year-on-year increase in presales to ₹828 crore for the first half of FY26, driven by strong demand for new launches. The Mumbai-based developer showed revenue growth of 20% to ₹481 crore and collections surged 52% to ₹454 crore during the six-month period. However, profit after tax grew marginally by 2% to ₹71 crore, while EBITDA increased 6% to ₹139 crore. The company launched two projects in the second quarter—Ajmera Manhattan 2 and Thirty3.15—with a combined gross development value of ₹2,100 crore. Sales volume reached 2.93 lakh square feet, up 20% from the previous year. Director Dhaval Ajmera outlined plans for the Wadala land parcel, projecting top-line sales of over ₹12,000 crore. The company plans to launch a boutique office space in H2FY26 with an estimated GDV of ₹1,800 crore and aims to enter the ultra-luxury residential segment from FY27 with a project estimated to generate ₹5,700 crore in GDV. The company's debt-to-equity ratio stands at 0.55x and it has a project pipeline worth ₹4,357 crore across seven projects. Shares closed at ₹1,013.9, down 3.59%.