Ajmera Realty & Infra has achieved its highest ever quarterly sales, marking a significant milestone in the company's growth trajectory. The real estate developer reported sales of INR 828.00 crores for the quarter, representing a robust 48% year-on-year growth.

Strong Project Launches Fuel Growth

The company's impressive performance was primarily driven by two major project launches in September:

1. Ajmera Manhattan 2 at Wadala
2. Thirty 3.15 in Bandra

These projects have a combined gross development value of over INR 2,100.00 crores, showcasing Ajmera Realty's ambitious expansion plans. Notably, Manhattan 2 has already sold 38% of its inventory within a month of its launch, indicating strong market demand for the company's offerings.

Financial Performance

For the first half of the fiscal year, Ajmera Realty reported:

Operational Highlights

• Delivered 533 homes in the first half
• Targeting 1,000 possessions for the full year
• Total debt stands at INR 690.00 crores
• Debt-to-equity ratio maintained at 0.55x

Future Outlook

Ajmera Realty has strengthened its revenue visibility to INR 3,599.00 crores from committed sales and available inventory. The company maintains its guidance for INR 6,400.00 crores in launches for the year and expects strong momentum from seven upcoming projects across 1.6 million square feet.

Market Position

The company's performance aligns with the broader trend in the Indian real estate market, which is showing signs of maturity and steady growth. Ajmera Realty's focus on luxury housing in Mumbai, coupled with its presence in mid-income and premium segments, positions it well to capitalize on current market dynamics.

As the real estate sector continues to consolidate, Ajmera Realty's strategic approach to new launches and project execution appears to be yielding positive results. The company's ability to align with market demand while maintaining financial discipline suggests a robust foundation for future growth.

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%.