Latest news with #AjmeraRealty
Time of India
5 days ago
- Business
- Time of India
Ajmera Realty Q1: Net Profit rises 20%, revenue surges 32%
Synopsis Ajmera Realty posted a 20% YoY rise in Q1 profit at Rs 39 crore, with revenue hitting a five-year high of Rs 260 crore. Operating margins remained strong at 31%. Debt was reduced by 6%, and the company plans to launch nine projects with a GDV of Rs 6,460 crore.
Entrepreneur
7 days ago
- Business
- Entrepreneur
Motilal Oswal Alternates Closes 6th Real Estate Fund at INR 2,000 Cr
75 percent of the fund has already been deployed across 15 projects in cities including Mumbai, Pune, Chennai, Bangalore, Hyderabad, and Kolkata. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Motilal Oswal Alternates, the alternative investments arm of the Motilal Oswal Group, has announced the final close of its sixth real estate fund, Indian Realty Excellence Fund VI (IREF VI), raising INR 2,000 crore in commitments. This marks a 65 percent increase over its previous fund. The fund has attracted strong interest from Indian family offices and high-net-worth individuals, signaling increasing domestic confidence in real estate credit. It has also received contributions from offshore investors via the GIFT City route, indicating growing international trust in India's real estate market. According to the statements, 75 percent of the fund has already been deployed across 15 projects in cities including Mumbai, Pune, Chennai, Bangalore, Hyderabad, and Kolkata. MO Alternates has partnered with established developers such as Ajmera Realty, Runwal Enterprises, Ambuja Neotia Group, Casagrand Group, Radiance Realty, and others. The portfolio primarily focuses on mid-income residential developments, addressing the sustained demand among urban homebuyers. The fund has also achieved its first exit, delivering an internal rate of return of 20.25 percent. This performance adds to the platform's robust track record. Since January 2024, MO Alternates has committed over INR 2,500 crore across more than 35 projects and has made full exits from over 30 investments, amounting to total divestments of INR 2,200 crore. Saurabh Rathi, Managing Director and Co-Head of Real Estate at MO Alternates, said, "Credit demand for land acquisition in India is accelerating rapidly, driven by a renewed appetite for residential development, rising land values, and limited availability of structured capital. Our ability to underwrite across markets and diversify developer partnerships has been a key strength." Anand Lakhotia, also Managing Director and Co-Head of Real Estate, added, "We are deeply grateful to our investors for the continued trust they have placed in our platform. We remain fully committed to upholding the highest standards of discipline, transparency, and performance." Vishal Tulsyan, Co-founder and Executive Chairman, stated, "This successful close is a strong endorsement of the trust placed in our platform by both domestic and international investors. We remain committed to delivering consistent outcomes across market cycles." The platform's cumulative assets under management (AUM) in real estate now exceed INR 10,000 crore across six real estate funds and co-investments. The platform claims to have made over 180 investments and secured more than 110 complete exits. Overall, the alternative investments platform manages more than USD 2 billion in cumulative AUM across real estate and private equity.
Business Standard
12-07-2025
- Business
- Business Standard
Ajmera Realty's sales value plunges 65% YoY to Rs 108 cr in Q1 FY26
Ajmera Realty & Infra reported 65% decline in sales value to Rs 108 crore in Q1 FY26 compared with Rs 306 crore in Q1 FY25. Sales performance during the quarter was affected by sector-wide regulatory challenges, leading to delays in project launches, including certain key projects of Ajmera Realty. The carpet area sold fell 52% to 63,244 square foot in Q1 FY26 from 1,30,801 square foot in Q1 FY25. Collection jumped 42% YoY to Rs 234 crore in Q1 FY26, underscoring strong cash flow realization from existing projects. Dhaval Ajmera, director - Corporate Affairs, said Our Q1 FY26 results reflect both strengths and sector-wide regulatory challenges. We are pleased with the robust 42% YoY growth in collections to Rs 234 crores, demonstrating our operational efficiency and project execution. However, the lack of necessary approvals led to delays in new launches, while lower available inventory in existing projects contributed to sales during the quarter. Looking ahead, we are gearing up to deliver around 1,000 homes by the second half of FY26, with fast-tracked execution underway across six residential projects in Mumbai and Bengaluru, backed by sustained construction progress and inventory absorption. Our strategycentered on timely execution, innovative design, and sustainabilitycontinues to resonate with home buyers seeking quality in high-growth micro-markets. Our disciplined project management and customer-centric approach position us well to achieve our FY26 aspirations and deliver long-term stakeholder value. Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala, and Central Mumbai. The companys consolidated net profit declined 12.1% to Rs 25.28 crore on 34.7% fall in net sales to Rs 151.39 crore in Q4 March 2025 over Q4 March 2024. The scrip fell 1.90% to end at Rs 901.25 on the BSE.
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).
