Ajmera Realty & Infra India Ltd Revenue Surges 61%
Ajmera Realty & Infra India Ltd (BSE: 513349 & NSE: AJMERA), a leading real estate company with pan India and international presence, announced its 4th Quarter & Financial Year ended 31st March 2024 financial results today. Commenting on the Q4 & FY24 performance, Mr. Dhaval Ajmera, Director – Ajmera Realty & Infra India Limited said: “I’m pleased to announce that FY24 marked a structural shift in our company’s illustrious history, with many major milestones being achieved. Ajmera Realty recorded its robust annual topline of INR 700+ Cr and a bottomline of INR 100+ Cr. The pre-sales for the company clocked over INR 1,000 Cr which is remarkable despite the higher base effect. Looking ahead, we are more confident than ever of achieving our strategic vision of 5x growth, considering our exceptionally strong pipeline of launches, project additions, managing leverage despite growth momentum; we hereby are taking a leap ahead with our guidance for FY25E with a 33% growth in Pre-Sales.” Key Highlights for Q4 & FY24: Sales Value grew by an impressive twofold in Q4 FY24, surging to INR 287 Cr from INR 140 Cr in Q4 FY23, while for FY24 it was INR 1,017 Cr, recording a 21% YoY growth. Collections remained robust in Q4 FY24 with a 91% YoY growth, surging to INR 197 Cr from INR 103 Cr in Q4 FY23. Total Revenue in Q4 FY24 grew by 99% on YoY basis to INR 234 Cr from INR 118 Cr in Q4 FY23, while FY24 recorded a YoY growth of 61% to INR 708 Cr from INR 441 Cr in FY23. PAT in Q4 FY24 grew by 90% on a YoY basis to INR 29 Cr as compared to INR 15 Cr in Q4 FY23, while FY24 PAT grew by 44% YoY basis to INR 103 Cr from INR 72 Cr in FY23. Debt-equity ratio being 0.90:1 as against 0.94:1 as at Q3 FY24 & 1.00:1 at the end of the Q4 FY23.
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