Ajmera Realty & Infra India reported a 14% year-on-year increase in consolidated net profit after tax (PAT) to ₹44.9 crore for the quarter ended June 30, 2026 (Q1FY27), driven by a robust 23% rise in total revenue to ₹319.5 crore. The Mumbai-based real estate developer’s Board of Directors approved the unaudited standalone and consolidated financial results on August 04, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. This performance underscores strong demand in its core markets, although investors should note a slight compression in operating margins as costs expanded faster than top-line growth.

The company’s operational momentum was evident in its project sales and collections. During Q1FY27, Ajmera Realty recorded project sales valued at ₹146 crore across 43,737 sq. ft. of carpet area, with total collections reaching ₹173 crore. Key contributors included Manhattan 1 and Manhattan 2 in Mumbai, which together accounted for significant sales value. The firm also reported healthy activity in Bengaluru projects such as Iris and Marina, reinforcing its multi-city presence. These operational metrics highlight sustained buyer interest despite broader market fluctuations.

Q1FY27 Consolidated Financial Performance

The following table outlines the key financial metrics for Q1FY27 compared to Q1FY26:

While absolute profitability improved, the EBITDA margin contracted to 29% from 31% year-on-year. This divergence suggests that input costs or operational expenses rose at a steeper pace than revenue. Management attributed this to higher construction and liaisoning costs, which are typical in large-scale township developments. The net financing cashflow stood at -₹19.4 crore, reflecting loan repayments and interest outflows, while closing cash and cash equivalents remained strong at ₹83.8 crore.

Balance Sheet Strength and Debt Reduction

A key highlight of the quarter was the improvement in the company’s balance sheet health. Ajmera Realty reduced its debt by ₹57 crore, bringing the total debt down from ₹737 crore as on March 31, 2026, to ₹680 crore as on June 30, 2026. Consequently, the debt-to-equity ratio further improved to 0.47x, reflecting prudent financial discipline and effective capital allocation. Dhaval Ajmera, Director - Corporate Affairs, noted that strong collections and asset monetization fueled this reduction.

Board Resolutions and Management Changes

In addition to approving the financial results, the Board of Directors took several significant governance steps during its meeting on August 04, 2026:

• Re-appointment of Directors: The Board approved the re-appointment of Manoj Ajmera as Managing Director and Sanjay Ajmera as Whole-time Director for a further term of three years, effective from April 24, 2027, to April 23, 2030. Both appointments are subject to shareholder approval.
• New Senior Management Appointments: Dhaval Ajmera was appointed as Senior Management Personnel designated as Director - Corporate Affairs, effective October 01, 2026. Keyur Mehta was appointed as AVP - Accounts & Taxation, effective August 04, 2026.

These moves signal a continued focus on leadership continuity and strategic expansion within the Ajmera Group, ensuring stable oversight as the company scales its portfolio.

Dividend Timeline

The Board confirmed that the dividend recommended in its meeting on May 25, 2026, will be paid before October 22, 2026, subject to approval at the ensuing Annual General Meeting. This provides clarity on cash outflows for shareholders in the near term and reflects the company’s commitment to returning value to investors.

What the Numbers Show

The divergence between revenue growth (23%) and net profit growth (14%) highlights the pressure on margins. While EBITDA grew in absolute terms, the contraction in EBITDA margin suggests rising input costs or higher operational expenses relative to sales. Investors should monitor whether this margin compression is temporary due to cyclical cost spikes or indicative of structural pricing pressures in the real estate sector. With a strong land bank and upcoming launches in Wadala and Pune, the company is well-positioned to leverage scale, but cost management will be critical to sustaining profitability.

Ajmera Realty & Infra India Limited will host its earnings conference call on Tuesday, August 4, 2026, at 5:00 PM IST to discuss the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company, a developer of residential and commercial real estate projects with a legacy of over 55 years, has invited investors and analysts to join the discussion via dial-in facilities. This event follows the Board Meeting scheduled for the same day, where the quarterly results are set to be approved.

The conference call aims to provide stakeholders with insights into the company's performance in Q1FY27. Investors are advised to register in advance using the provided diamond pass link to ensure timely connection. The management team will address queries regarding the financial outcomes and operational updates from the quarter.

Key Participants

The management team representing Ajmera Realty & Infra India during the call includes:

• Dhaval Ajmera, Director - Corporate Affairs
• Nitin Bavisi, Chief Financial Officer

These executives will lead the discussion and handle questions from participants regarding the company's financial health and strategic direction.

Dial-In Details

Participants can access the earnings call through the following numbers. Advance registration is recommended to facilitate smooth entry into the conference.

For any queries related to the earnings call, investors may contact the investor relations team at ir@ajmera.com .