Ajmera Realty & Infra India Ltd Share Price – NSE /  BSE

Realty, Small Cap

The repayment is facilitated from the funds raised through the recent equity offering of Rs 225 crore. The debt reduction ahead of its scheduled due date is expected to help the company post better returns on grounds of lower interest payments on existing debt. Outstanding debt has been reduced from Rs 793 crore (as per 2QFY25) to Rs 693 crore.

The company has been efficiently managing and improving its debt profile with sustained positive momentum and this development comes as a significant boost towards debt reduction. Along with this, ARIIL plans to use the equity funds to accelerate its momentum for project launches, and to further strengthen its corporate functionalities. The holistic growth trajectory and year-on-year debtequity ratio performance reflect the buoyancy and bullish approach of the company towards attaining the ambitious 5x growth.

Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, “This is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce the management's commitment to higher growth and wealth creation for its stakeholders. As a company, we are dedicated towards our commitment to attaining 5x growth, and this move is a significant contributor towards that goal.”

Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment.

Ajmera Realty & Infra India surged 6.50% to Rs 883.55 after the company reported 58% jump in consolidated net profit to Rs 36.3 crore on a 38% increase in total revenue to Rs 204.1 crore in Q2 FY25 over Q2 FY24.

The scrip rose 0.86% to Rs 1,056.15 on the BSE.

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EBITDA improved by 62% YoY to Rs 64.6 crore during the period under review. EBITDA margin was 32% in Q2 FY25 as against 27% in Q2 FY24.

Finance costs increased by 69% to Rs 17.5 crore in Q2 FY25 from Rs 10.4 crore in Q2 FY24.

Profit before tax in Q2 FY25 stood at Rs 46.5 crore, up by 59% from Rs 29.3 crore posted in Q2 FY24.

The company’s sales volume for the second quarter was 1,14,046 square feet, down 6% YoY. Sales value and collections were Rs 254 crore (up 1% YoY) and Rs 133 crore (up 20% YoY), respectively.

The company has on boarded marquee investors in its equity raise of Rs 225 crore on preferential allotment basis and successfully closed its maiden private equity deal with domestic institutional investor.

Dhaval Ajmera, director – Ajmera Realty & Infra India, said: “The company remains steadfast on its growth trajectory, delivering impressive results that reflect our strategic initiatives.

We are happy to increase the equity through preferential allotment which is testimony of the growth potential of the company from the investors who are strategically aligned with our objectives.

A robust pipeline comprising seven projects with a gross development value of Rs 4,270 crore is set to launch, positioning the second half of FY25 for significant optimism and value creation. These developments collectively enhance the company’s prospects and stakeholder value.”

Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment.

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Net profit of Ajmera Realty & Infra India rose 56.90% to Rs 35.35 crore in the quarter ended September 2024 as against Rs 22.53 crore during the previous quarter ended September 2023. Sales rose 37.58% to Rs 199.96 crore in the quarter ended September 2024 as against Rs 145.34 crore during the previous quarter ended September 2023.

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Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 28 October 2024.

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