Ajmera Realty & Infra India Records Sales Value Up By 95% YoY
Ajmera Realty & Infra India Ltd - ARIIL announced its financial results for the fourth quarter that ended 31st March 2023. Some of the key highlights of the results are sales value increased by 95% YoY to INR 842 crore. Sales Volume grew by 50% YoY to 3,70,219 lakh Sq. ft. The collection increased by 35% YoY to INR 532 crore. The PAT increased by 58% YoY to INR 72 crore, with PAT Margin at 16%. Debt increased by 7% YoY to INR 776 crore. It launched two projects for a gross development value of around INR 1650 crore. It acquired land with a Gross Development Value of around INR 550 crore. Commenting on the performance during Q4 & FY23, Dhaval Ajmera, Director –ARIIL said, “We are pleased to announce that our company has achieved strong performance throughout FY23, with sales reaching INR 842 crores. This success is due to sales momentum gained in our existing as well as the new launches of Ajmera Manhattan & Ajmera Prive during the year, fast-paced execution, and the strong demand for quality homes in the sector. Backed by industry reforms and continued demand from homebuyers along with the unchanged repo rate, we are highly optimistic about our growth strategy and the future of the real estate sector.” He further said, “Looking forward, we are confident in our 5x growth strategy, with a promising launch pipeline of four projects with Gross Development Value (GDV) of about INR 2000+ crores, this includes our upcoming sales launch for Ajmera Eden during this quarter. We are also excited to share that we recently acquired a land parcel at Vikhroli East, which is expected to further fuel our growth journey. Our brand's legacy and commitment to providing homes across segments and customer satisfaction are key to our growth moving forward, and we remain optimistic about our prospects in the coming year.”
Tags : Ajmera Realty & Infra India Ltd financial results sales values Dhaval Ajmera Director –ARIIL