Q2 Results: Ajmera Realty & Infra India Ltd. experienced a share price increase of over 4% following the release of its second-quarter sales and collections data. The company reported total sales of Rs 254 crore, reflecting a modest 1% rise compared to the same quarter last year. Total collections saw a more significant boost, rising 20% year-on-year to reach Rs 133 crore.
During the quarter ending September 30, 2024, the company sold a total sales area of 1,14,046 square feet. This performance demonstrates stable market demand across Ajmera Realty’s diverse portfolio, particularly in high-end segments such as Ajmera Manhattan and Ajmera Prive.
The newly launched Ajmera Vihara project in Bhandup has garnered significant interest, with 49% of its inventory already sold, showcasing strong demand for new developments, as noted in a recent business update to exchanges.
In the first half of fiscal 2025, Ajmera Realty reported total collections of Rs 298 crore, marking a 34% increase from Rs 222 crore in the same period last year. While there was a slight decline in sales area sold year-on-year, the company’s overall sales performance remains stable.
Director Dhaval Ajmera expressed confidence in meeting annual targets and advancing the company’s growth strategy. He highlighted the positive market outlook and favorable regulations that benefit established players like Ajmera Realty, indicating optimism for the future growth of the real estate market.
