Ajmera Realty & Infra India Limited has reported its strongest quarterly results in five years, showcasing robust growth across key financial metrics. The company's performance underscores its strategic focus on project execution and financial discipline in a thriving real estate market.

Financial Highlights

• Revenue surged by 32% year-on-year to INR 260.00 crores
• Collections increased by 42% to INR 234.00 crores
• EBITDA grew by 19% to INR 79.00 crores, maintaining a healthy margin of 31%
• Net profit reached INR 39.00 crores, up 20% year-on-year
• Debt reduced by 6% to INR 619.00 crores, improving the debt-equity ratio to 0.5x

Sales Performance and Project Updates

Despite facing approval delays for new launches, Ajmera Realty achieved sales of INR 108.00 crores, covering 63,244 square feet of carpet area. The company's key projects demonstrated strong progress:

• Ajmera Manhattan: 89% sold
• Ajmera Greenfinity: 75% sold
• Ajmera Eden: 95% sold

Notably, Ajmera Prive received its occupation certificate one year ahead of schedule, showcasing the company's commitment to timely project delivery.

Future Outlook

Ajmera Realty has ambitious plans for the current financial year:

• Launch projects worth INR 6,500.00 crores
• Deliver 1,000 homes
• Total revenue visibility stands at INR 8,100.00 crores, including ongoing projects and launch pipeline

Management Commentary

During the earnings call, Mr. Dhaval Ajmera, Director of Corporate Affairs, expressed optimism about the real estate sector's growth momentum. He highlighted the positive impact of recent monetary policy rate cuts and liquidity measures on housing demand, particularly in the mid-income and premium residential segments.

Mr. Nitin Bavisi, Chief Financial Officer, emphasized the company's strong financial discipline, stating, "Our endeavor has always been to remain very prudent on the debt side, which is visible in our gross sales collection of INR 234.00 crores and the reduction of debt from INR 662.00 crores to INR 619.00 crores."

Market Positioning and Strategy

Ajmera Realty continues to focus on the mid-income and luxury segments in Mumbai and Bangalore, adapting its project mix to suit the specific demands of each micro-market. The company is actively exploring opportunities for expansion, including potential branded residences and master-planned communities.

With a strong launch pipeline and improved financial metrics, Ajmera Realty & Infra India Limited appears well-positioned to capitalize on the positive momentum in the real estate market, aiming for sustained growth and value creation in the coming quarters.

Ajmera Realty & Infra India Limited has reported a robust financial performance for the first quarter, with a significant increase in profit and revenue. The company's Co-Managing Director has also expressed confidence in the firm's upcoming project pipeline, signaling potential future growth.

Financial Highlights

Operational Performance

Collections saw a significant 42% year-on-year increase.

Debt Reduction and Financial Position

Ajmera Realty has made substantial progress in strengthening its financial position:

Future Outlook

The Co-Managing Director of Ajmera Realty has expressed optimism regarding the company's future prospects:

• Upcoming Projects: Nine new projects in the pipeline
• Estimated Value: ₹6,460.00 crore
• Project Status: Awaiting necessary approvals

Management Commentary

Mr. Dhaval Ajmera, Director - Corporate Affairs, stated, "The Q1 performance showcases our unwavering commitment to consistent and timely project deliveries, backed by the trust our customers place in us, even amid a dynamic market landscape. We enhanced our execution capabilities, leading to a remarkable 42% YoY increase in collections significantly strengthening our cash flows and clocked the highest quarterly revenue in the last five years."

He further added, "Looking ahead, despite the regulatory delays in securing approvals for our key projects, we remain optimistic about our nine projects set to launch, collectively representing a Gross Development Value of ₹6,460.00 crore. This positions us well to drive growth and deliver value to our stakeholders."

Operational Achievements

• Ajmera Prive: Obtained Occupation Certificate and completed handover almost a year ahead of RERA deadlines
• Cost of Debt: Achieved a 45 bps reduction in the weighted average cost of debt year-on-year

The company's strong quarterly performance, coupled with its debt reduction efforts and promising project pipeline, indicates a positive trajectory for Ajmera Realty & Infra India Limited. However, the realization of future projects remains contingent on obtaining necessary regulatory approvals.