Ajmera Realty & Infra India Q4 Results: Net profit rises 8% YoY to Rs 15 crore

Realty developer Ajmera Realty & Infra India has reported 58% rise in net profit for the financial year 2022-23 at Rs 72 crore. Total revenue for the year saw a 10% decline to Rs 441 crore.

Operating profit for the year rose 9% to Rs 134 crore with 534-basis-point expansion in operating margin at 30%. The company recorded 50% rise in sales volume at over 3.70 lakh sq ft with 95% growth in sales value at Rs 842 crore. Collections for the year rose 35% to Rs 532 crore.

The company reported 8% on-year increase in net profit at Rs 15 crore for the quarter ended March, while total revenue saw a 36% decline to Rs 118 crore.


This robust performance was led by sales momentum gained in our existing as well as the new launches of Ajmera Manhattan & Ajmera Prive during the year, fast-paced execution, and the strong demand for quality homes in the sector,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India. “We also reduced debt by 7% on a YoY basis, yielding to our debt-equity ratio of 1:1 for FY23 led by debt management efforts and growth in sales collection.”

He is confident of the company’s 5x growth strategy, with a launch pipeline of four projects with Gross Development Value (GDV) of over Rs 2,000 crores, including one in the current quarter.

The company has recently acquired a land parcel at Vikhroli East suburb of Mumbai with an estimated development value of Rs 550 crore.