Ajmera Realty Reports 23% Revenue Growth in Q1 FY27; Debt-to-Equity Ratio Improves to 0.47x
Ajmera Realty & Infra India Limited, a veteran real estate developer in India, announced its results for the quarter ended June 30, 2026 (Q1FY27). The company reported significant top-line growth and improved financial health, achieving a 23% year-on-year rise in revenue while prudently managing debt.Key highlights from the Q1FY27 performance include total revenue growing to INR 320 crore, EBITDA reaching INR 94 crore (up 18% YoY), and PAT rising by 14% YoY to INR 45 crore. The company successfully reduced its debt burden, with the debt-to-equity ratio standing at 0.47x as of June 30, 2026, showcasing prudent financial discipline.
Commenting on the Q1FY27 performance, Dhaval Ajmera, Director - Corporate Affairs, stated that the company commenced FY27 resiliently despite macroeconomic challenges. He noted that the 23% growth in total revenue to INR 320 crore was achieved alongside increases in both EBITDA and PAT.
Mr. Ajmera attributed part of the positive momentum to the successful launch of Ajmera Solis in Q3FY26, which is now contributing to revenue recognition starting from Q1FY27. Furthermore, strong collections and asset monetization helped reduce company debt by INR 57 crore, bringing it down from INR 737 crore as on March 31, 2026, to INR 680 crore as of June 30, 2026.
Looking ahead, Ajmera Realty continues its expansion strategy. The company has added a new project in Bengaluru with an estimated Gross Developed Value (GDV) of INR 389 crore. With a launch pipeline totaling INR 6,508 crore, the company remains positioned for continued growth and is focused on creating sustainable value for its stakeholders.
Operational and Financial Performance Snapshot
The operational results provide insight into sales metrics during the quarter.| Particulars | Q1FY27 | Q1FY26 | YoY | Q4FY26 | QoQ |
|---|---|---|---|---|---|
| Carpet area sold (sq. ft.) | 43,737 | 63,244 | -31% | 1,04,742 | -58% |
| Sales Value (INR Cr) | 146 | 108 | 35% | 270 | -46% |
| Collection (INR Cr) | 173 | 234 | -26% | 316 | -45% |
The consolidated financial figures for Q1FY27 are detailed below:
| Particulars (INR Cr) | Q1FY27 | Q1FY26 | YoY | Q4FY26 | QoQ |
|---|---|---|---|---|---|
| Total Revenue | 319.5 | 259.6 | 23% | 433.9 | - 26% |
| EBIDTA | 93.8 | 79.3 | 18% | 109.9 | -15% |
| EBIDTA Margin (%) | 29% | 31% | (120 bps) | 25% | 404 bps |
| PBT | 62.0 | 57.2 | 8% | 86.9 | -29% |
| PBT margin (%) | 19% | 22% | (262 bps) | 20% | (62 bps) |
| PAT | 44.9 | 39.4 | 14% | 58.5 | -23% |
| PAT margin (%) | 14% | 15% | (113 bps) | 13% | 57 bps |
| EPS (in INR ) | 2.2 | 1.9 | 12% | 2.8 | -23% |
Company Overview
Founded in 1968, Ajmera Realty & Infra India Limited is a long-standing real estate developer based on a legacy of integrity and innovation. Over five decades, the company has delivered over 100 projects covering more than 20 million sq. ft., impacting over 46,000 customers across residential, commercial, and mixed-use segments nationwide. The portfolio includes landmarks in Mumbai such as 'Ajmera Manhattan 1 & 2', 'Ajmera Greenfinity', and 'Ajmera Solis', alongside projects in Bengaluru including 'Ajmera Iris' and 'Ajmera Marina'.AJMERA Stock Price Movement
Shares of Ajmera Realty & Infra India Limited are shedding 4.86% in live trading, currently priced at ₹124.07 as of 3:00 PM today. The stock traded within the day’s range, which spans from a low of ₹120.84 to a high of ₹131.83, with a volume near 1.73 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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