Ajmera Realty & Infra India Ltd (BOM:513349) Q4 2025 Earnings Call Highlights: Strong ...
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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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.
