Ajmera Realty & Infra India Ltd, a leading real estate company, announced its 2nd Quarter & Half Year ended 30th September 2024 financial results.
Revenue in Q2FY25 grew by 38% on a YoY basis to INR 204 Cr from INR 148 Cr in Q2FY24, while H1FY25 recorded a YoY growth of 51% to INR 400 Cr from INR 265 Cr in H1FY24. PAT in Q2FY25 grew by 58% on a YoY basis to INR 36 Cr as compared to INR 23 Cr in Q2FY24, while H1FY25 PAT grew by 55% YoY to INR 69 Cr from INR 44 Cr in H1FY24. Sales Value grew by 18% in H1FY25 to INR 560 Cr from INR 476 Cr in H1FY24. Collections remained robust in H1FY25 with a 34% growth surging to INR 298 Cr from INR 222 Cr in H1FY24, driven by strong sales and efficient project execution. Company has on boarded marquee investors in its Equity raise of INR 225 Cr on preferential allotment basis and successfully closed its maiden private equity deal with domestic institutional investor.
Commenting on the Q2 & H1 FY25 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India Limited said: “The company remains steadfast on its growth trajectory, delivering impressive results that reflect our strategic initiatives. We are happy to increase the equity through preferential allotment which is testimony of the growth potential of the company from the investors who are strategically aligned with our objectives.
A robust pipeline comprising seven projects with a Gross Development Value of INR 4,270 crores is set to launch, positioning the second half of FY25 for significant optimism and value creation. These developments collectively enhance the company’s prospects and stakeholder value.”
