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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).
Hans India
14-05-2025
- Business
- Hans India
Ajmera Realty's Q4 profit falls 12 pc, revenue declines 34.68 pc
Mumbai: Ajmera Realty and Infra India Limited on Wednesday reported a decline in its consolidated net profit as well as revenue for the fourth quarter of the financial year ending March 2025. The company's net profit fell by 12 per cent year-on-year (YoY) to Rs 25.3 crore in Q4, compared to Rs 28.8 crore in the same quarter last fiscal (Q4 FY24). Revenue also saw a sharp decline of approximately 34.68 per cent, coming in at Rs 151.39 crore, down from Rs 231.8 crore in Q4 FY24. Total income from operations also dropped 34.4 per cent to Rs 154 crore during the quarter. Ajmera's earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 33.4 per cent to Rs 45.7 crore, as against Rs 68.6 crore in the year-ago quarter. However, EBITDA margins remained stable at 29.7 per cent, slightly higher than the 29.3 per cent reported in the same period last financial year. The board has recommended a final dividend of Rs 4.5 per equity share (on face value of Rs 10 each) for the financial year ended March 31. 'The dividend is subject to approval at the company's upcoming Annual General Meeting (AGM) and will be dispatched within 30 days after the AGM,' the company said in its regulatory filing. The shares of the company were down by Rs 4.85 or 0.6 per cent, closing at Rs 810 on the National Stock Exchange (NSE). Over the past one month, the stock has declined by Rs 29.70 or 3.54 per cent. In the last six months, it has fallen by Rs 74.05 or 8.38 per cent. On a year-to-date (YTD) basis, the shares have dropped by Rs 319.05 or 28.26 per cent. Dhaval Ajmera, Director-Operations and Strategy at Ajmera Realty, said that "FY25 was marked by strong fundamentals, operational discipline, and healthy demand".
Indian Express
01-05-2025
- Business
- Indian Express
Mumbai records highest April property registrations in 13 years, luxury housing in demand: Report
Mumbai realty market proved robust in April, with the highest number of property registrations during this month in more than ten years. Data released by Knight Frank India reported that 12,142 property registrations were done under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC) boundaries for an increase of 4 per cent from April last year. The data indicates a strong and increasing need for housing in India's financial capital amid headwinds in global and domestic economies. The information also indicates a significant increase in the premium segment of housing. Properties worth over Rs 2 crore contributed to 25 per cent of total registrations, from 22 per cent in April 2024. In contrast, affordable housing, which includes properties worth up to Rs 50 lakh, recorded a consistent proportion of 14 per cent, indicating stable demand across the price range. Cozy homes, generally under 1,000 sq ft, continued to be the favourite among home buyers. Yet mid-range units between 1,000 and 2,000 sq ft had a steady 14 per cent market share, and those above 2,000 sq ft accounted for 3 per cent of the market, reflecting that aspirational buyers continue to look for sprawling living areas. Real estate experts say the April surge underscores long-term structural strength in Mumbai 's housing market. Prashant Sharma, president of National Real Estate Development Council (NAREDCO) Maharashtra, said the numbers reflect a combination of factors: sustained end-user demand, proactive government policies, and a favourable lending environment. He noted that both affordable and premium housing segments have shown resilience, setting the tone for continued momentum. The western and central suburbs of the city were the most sought-after options for homebuyers, collectively accounting for a whopping 85 per cent of the total registration volume. There was also a modest increase in buyers' interest in central and south Mumbai, with new project launches and enhanced infrastructure attracting fresh interest. Dhaval Ajmera, director, Ajmera Realty, described April as one of the best months in a decade. He attributed this to increasing buying power and an increased desire for lifestyle enhancements. 'Micro-markets such as Versova, Borivali, and Ghatkopar are witnessing multi-fold growth,' he added. Amit Jain, CMD, Arkade Developers, perceived the 1.6 per cent year-on-year increase in stamp duty registrations as an indication of long-standing buyer optimism. 'In spite of hurdles such as tight liquidity and external uncertainties, Mumbai property continues to shift from speculative to need-based purchasing, an indication of welcome maturity and stability in the market,' said Jain.
