Latest news with #AjmeraRealty
Yahoo
15-05-2025
- Business
- Yahoo
Ajmera Realty & Infra India Ltd (BOM:513349) Q4 2025 Earnings Call Highlights: Strong ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ajmera Realty & Infra India Ltd (BOM:513349) reported a 6% year-over-year growth in sales value, reaching 10,080 crores. The company achieved a 26% year-over-year growth in sales area, totaling over 595,000 square feet. Ajmera Realty & Infra India Ltd (BOM:513349) successfully reduced its debt by 15% year-over-year, improving its debt-equity ratio to 0.55. The company has a strong project pipeline with 9 new projects planned, covering 2.2 million square feet of carpet area. Ajmera Realty & Infra India Ltd (BOM:513349) reported a 22% increase in profit after tax, with a PAT margin of 17%. Regulatory issues, including NGT orders, have delayed some project launches, particularly in areas like Viroli and Kanjurmark. Affordability remains a concern due to rising prices, despite government tax incentives for home ownership. The weighted average cost of debt remains relatively high at 12.2% per annum. Some projects, such as Ajmera Aram in Mala and Yogi Nagar Borivali, face legal and land complexities, affecting their inclusion in the current portfolio. The company faces challenges in launching projects due to regulatory and environmental clearance requirements, particularly in eco-sensitive zones. Warning! GuruFocus has detected 3 Warning Signs with BOM:513349. Q: Regarding the upcoming launches, specifically the Valla project, how confident are you about launching it in this quarter? A: We are quite confident about launching this project in this quarter. Most of our approvals are already in place, and we should be able to proceed as planned. - Director, Ajmera Realty Q: There have been delays in projects like Viroli Bandra and Sova. Can you explain the reasons for these delays and your confidence in future timelines? A: The delays are due to regulatory issues affecting the area, not project-specific problems. We are hopeful these will be resolved soon. Bandra is on track, and we are confident about the revised timelines. - Director, Ajmera Realty Q: How do you plan to finance the new projects in the future? A: We plan to use a mix of internal approvals, equity raise money, and operating cash flow from closing projects. We also maintain a debt-equity ratio of 0.85 to support our aggressive launch pipeline. - CFO, Ajmera Realty Q: Can you explain the regulatory issue related to the NGT order affecting your projects? A: The NGT order requires projects within 5 kilometers of eco-sensitive zones to seek environmental clearances from Delhi instead of locally. This affects many areas in Mumbai, and we are hopeful for a resolution soon. - Director, Ajmera Realty Q: What is your CapEx plan for the next two years? A: We have nine projects with a total CapEx of approximately 4,500 to 4,800 crores spread over the next 3 to 4 years. Some costs will be upfront for approvals, while others will be spread over the project timelines. - CFO, Ajmera Realty For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
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Business Standard
14-05-2025
- Business
- Business Standard
Ajmera Realty Q4 results: PAT falls 18% to ₹24 cr, revenue down 34%
Mumbai-based Ajmera Realty and Infra India on Wednesday announced an 18 per cent year-on-year (Y-o-Y) drop in consolidated profit after tax (PAT) for the March quarter (Q4FY25) to ₹24 crore, down from ₹29 crore in the same period last year. The company's revenue from operations also fell 34 per cent Y-o-Y to ₹154 crore, from ₹234 crore in Q4FY24. The decline in performance was attributed to weak sales value and collections during the quarter. Ajmera's sales value in Q4 fell 13 per cent Y-o-Y to ₹250 crore, while collections declined 8 per cent to ₹182 crore. Catch all Q4 results LIVE Updates The company's earnings before interest, tax, depreciation and amortisation (Ebitda) declined 33.4 per cent to ₹45.7 crore, down from ₹68.6 crore in the same period last year. For the full financial year 2024–25, Ajmera reported a 6 per cent Y-o-Y rise in revenue to ₹753 crore, compared to ₹708 crore in FY24. Its net profit also rose 22 per cent Y-o-Y to ₹126 crore in FY25. Commenting on the results, Dhaval Ajmera, director (operation and strategy) at Ajmera Realty, said FY25 had been a year of strong performance backed by operational excellence, financial discipline and sustained market demand. The company's debt also reduced 15 per cent to ₹662 crore in FY25, lowering the debt-to-equity ratio to 0.55x. 'Supported by healthy operating cash flow and successful equity raised, we strategically reduced debt by 15 per cent, thereby fortifying our balance sheet,' Ajmera said. He added that with nine high-potential projects lined up for launch, representing an estimated gross development value (GDV) of ₹6,460 crore, the company is well-positioned to accelerate growth and create enduring value for all stakeholders. On Wednesday, Ajmera Realty's shares declined marginally by 0.94 per cent to ₹805.45 apiece on the Bombay Stock Exchange (BSE).
Time of India
05-05-2025
- Entertainment
- Time of India
Dosa saree, Idli shirt and a pani puri watch? AI turns desi food into fashion
Food and fashion might not usually go hand in hand, unless you're wearing your lunch by accident but thanks to AI, that combo has taken a wild and surprisingly stylish turn. From pasta that dances to sushi that crawls, AI-generated food content has been doing the rounds on social media for a while. But the latest viral reel to grab eyeballs? It's turning Indian street food into full-blown fashion statements. Posted by the Instagram page @hoohoocreations80, the reel poses a delightful question: 'What if the food we love wasn't just meant to be eaten, but worn, carried, and lived with?' And honestly, the AI answers in the most unexpected (and hilarious) ways. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ajmera Homes at i-land, Wadala East from ₹4.15 Cr* Ajmera Realty Book Now Undo The video opens with a true desi moment, a woman wearing a dosa saree . Yes, you read that right. The crispy golden folds of a dosa are draped like a pallu over her shoulder and around her waist, giving major saree goals with a foodie twist. And it doesn't stop there. Next up is a tiny ice cream scoop handbag, think pastel scoops of vanilla, strawberry, mango and more, all bundled up into a bubble-textured purse that's oddly adorable. Then comes a man in what may be the most controversial outfit of the video: an idli shirt. It's puffy, soft, and made entirely out of everyone's favourite breakfast staple. Some viewers called it "terrifying." Others found it oddly… charming? But wait, it gets better (or weirder). A woman strolls in wearing a popcorn dupatta that looks like a buttery, cosy wrap made from strung-together kernels. It's giving movie-night meets runway realness. Then come the watches, because why not accessorise with snacks too? The pani puri watch has a moving dial floating on a pool of pani, with a rim that looks like it's made of actual puris. Meanwhile, the gulab jamun watch features a giant syrupy sweet as its dial - soft, round, and syrup-dripping in style. Definitely not waterproof, we imagine! Other standout accessories? A jalebi hair clip (the twirls are perfect for a barrette), a potato chip earring, and a final jaw-dropper: a sandwich suitcase, complete with lettuce, tomato, and cheese layers stacked into a briefcase you'd want to bite before boarding your flight. Naturally, the internet had thoughts. The comments section is filled with a mix of amusement, admiration and slight concern. Here's what people are saying: 'Pani puri watch is fabulous.' 'Golgappa watch is epic.' 'I like gulab jamun watch.' 'I want that ice cream bag.' 'Except idli shirt and popcorn dupatta, everything else looks nice.' 'That idli shirt actually scared me, I don't know why.' 'Super creative, but trust me, someone will actually make this real.' 'The designers are watching.' 'Ice cream bag and ghee dosa saree are super.' 'What people expect me to be like when they say, 'You don't look like a South Indian.'' 'When you're super hungry and all you can see is food everywhere.' With over 48 million views and counting, the reel has officially taken foodie fashion to viral status. Whether you're loving the creativity or slightly haunted by the idli couture, there's no denying that AI has opened the door to a whole new world where fashion isn't just about fabric, it's about flavour. Now the only question left is… would you wear it? Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
30-04-2025
- Politics
- Time of India
'Found my American dream': Rep Shri Thanedar hits back at Dinesh D'Souza's 'waiter in India' jibe
Representative Shri Thanedar (D-Michigan) served a sharp blow to right-wing commentator Dinesh D'Souza , turning his sneering jibe into a "celebration of American dream ." 'I did grow up in India. My dad was a clerk. Then I found my American Dream,' Thanedar said, after D'Souza claimed he'd be nothing more than a 'municipal clerk or waiter' had he stayed in India, and argued that he only succeeded in the US because of diversity initiatives. Earlier, on Tuesday, D'Souza took to X, and declared, 'If this guy (Thanedar) lived in India, he would be a municipal clerk or waiter. Here he thrives because of 'diversity.' On the Left, his broken English and semi-illiterate solecisms are seen as positive traits.' Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3 & 4 BHK Sky Deck Homes starting from ₹4.15 Cr* Ajmera Realty Book Now Undo 'We need fewer people like him in this country,' he added. Thanedar firmly responded, 'I did grow up in India. My dad was a clerk. Then I found my American Dream. Now I'm helping many other Americans achieve their dreams.' 'If you need help recovering from your felony, please let me know. Happy to help,' he added. In a separate post, Dinesh D'Souza doubled down on his attack, sneering, 'I gave too much of my own money to a college friend running for office. That's what you want to help me 'recover' from? Compare what I did to what you did.' His remark was a pointed reference to his past campaign finance violation. Thanedar fired back, saying, 'Conservatives will attack my race, appearance, and accent in order to distract from Trump's crimes.' The jab—laced with mockery of Thanedar's immigrant background and language—quickly gained traction among D'Souza's followers, many of whom echoed the sentiment online. Thanedar was also trolled on social media after he introduced seven articles of impeachment against US President Donald Trump. The Michigan Democratic Congressman submitted the first impeachment articles of this administration just before Trump's 100-day milestone. This represents the first formal impeachment attempt by a House Democrat this year against the president or his administration members. Despite the Republican House majority making success unlikely, MAGA supporters responded with discriminatory comments about his appearance and Indian heritage. "Dude you can't even speak English," one user said. "Impeach your wigmaker," a right-wing account posted. "You should be deported," wrote another.
