Ajmera Realty & Infra India Ltd , a prominent player in the Indian real estate sector, has reported strong growth in presales for the first half of FY26, alongside mixed financial results for the second quarter.

H1FY26 Performance Highlights

• Presales: Increased by 48% year-on-year to ₹828.00 crore
• Revenue: Grew by 20% to ₹481.00 crore
• Collections: Surged by 52% to ₹454.00 crore
• Profit After Tax: Marginal growth of 2% to ₹71.00 crore
• EBITDA: Increased by 6% to ₹139.00 crore

Q2 Project Launches and Sales

Ajmera Realty launched two significant projects in the second quarter:

• Ajmera Manhattan 2
• Thirty3.15

These projects have a combined gross development value (GDV) of ₹2,100.00 crore.

Sales volume reached 2.93 lakh square feet, marking a 20% increase from the previous year.

Future Plans and Projections

Director Dhaval Ajmera outlined plans for the company:

• Wadala Land Parcel: Projected top-line sales of over ₹12,000.00 crore
• Boutique Office Space: Planned launch in H2FY26 with an estimated GDV of ₹1,800.00 crore
• Ultra-Luxury Residential Segment: Entry planned from FY27 with a project estimated to generate ₹5,700.00 crore in GDV

Financial Position

• Debt-to-Equity Ratio: Stands at 0.55x
• Project Pipeline: Worth ₹4,357.00 crore across seven projects

Q2 Financial Results

Despite strong presales growth, the company reported mixed results for Q2:

• Net Profit: Decreased to ₹304.00 million from ₹360.00 million year-over-year, a 15.56% decline
• EBITDA: Increased to ₹556.00 million from ₹543.00 million, showing a modest growth of 2.39%
• EBITDA Margin: Declined to 25.41% from 30.21% in the corresponding quarter of the previous year

Corporate Action: Share Split

The Board of Directors has approved a sub-division of the company's equity shares:

• Split Ratio: 5:1 (Five new shares for every one existing share)
• Current Face Value: ₹10.00 per share
• Post-Split Face Value: ₹2.00 per share
• Rationale: To enhance liquidity and accessibility for small retail investors

The share split is subject to shareholder and regulatory approvals and is expected to be completed within two months from the date of shareholders' approval.

Market Implications

The strong presales growth and future plans indicate potential for continued expansion. However, the mixed Q2 results and declining EBITDA margin suggest some challenges in maintaining profitability.

The announced share split may increase stock liquidity and attract a broader investor base, potentially impacting market activity in Ajmera Realty's stock.

As of the latest report, shares closed at ₹1,013.90, down 3.59%.

Ajmera Realty & Infra India Limited , a prominent player in the Indian real estate sector, has secured strong shareholder support for three significant financial resolutions through a postal ballot process that concluded on October 31, 2025.

Resolutions Passed

The company's shareholders voted on three ordinary resolutions:

1. Approval for giving shortfall undertaking related to loans for Ajmera Luxe Realty Private Limited
2. Approval for providing loans, guarantees, security, or investments to subsidiary Anirdesh Developers Private Limited
3. Approval for providing loans, guarantees, security, or investments to associate company UltraTech Property Developers Private Limited

Voting Results

The voting results demonstrate overwhelming shareholder support for the company's proposed financial actions:

Shareholder Participation

Out of 28,274 eligible shareholders as of the September 26, 2025 cut-off date, a total of 3,506,605 votes were cast, representing approximately 8.91% of the company's total shares. The e-voting process, facilitated by National Securities Depository Limited (NSDL), ran from October 2 to October 31, 2025.

Implications

The strong approval for these resolutions suggests that shareholders have confidence in Ajmera Realty's financial strategies and its plans for supporting its subsidiary and associate companies. This may potentially enable the company to pursue growth opportunities and strengthen its position in the real estate market.

Corporate Governance

The postal ballot process was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Haresh Sanghvi, a practicing Company Secretary, was appointed as the scrutinizer to ensure a fair and transparent voting process.

These approvals mark a significant step for Ajmera Realty & Infra India Limited, potentially paving the way for strategic financial moves that could impact the company's future operations and market position in the Indian real estate sector.