Latest news with #Sova
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.
Yahoo
01-03-2025
- Yahoo
High Point police looking for black SUV suspected in hit-and-run
HIGH POINT, N.C. (WGHP) — A man out for a walk with his dog was hit by a car, and the driver is nowhere to be found. High Point police need your help finding the person responsible. Chuck Sova was walking his goldendoodle, Beau, when High Point police say a car hit him when trying to make a right turn onto Rolling Road and knocked him on the ground. A police report notes that before taking off, the driver reversed before driving off on Oakview Road. Sova was left with serious injuries. He was taken to the hospital, but his dog Beau is OK. High Point police released a photo of what is believed to be the suspect vehicle. Police said it is an early 2000s Black GMC SUV, possibly with damage on the front. If this weren't enough, it's the second scary incident for Sova and Beau when on a walk. Six months ago, FOX8 spoke with Sova after Beau was attacked by another dog on a walk. Sova's significant other said Sova has a long road to recovery ahead. He has a fractured kneecap and is scheduled to have surgery for his injuries next week If you know anything about this vehicle or the driver, you're asked to call the High Point Police Department at (336) 883-3224 or Crimestoppers at (336) 889-4000. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
