Ajmera Realty & Infra India Ltd., one of India’s oldest and most trusted real estate developers, has announced a strong first half for FY26. The company reported a 20% year-on-year growth in revenue, supported by robust sales performance, timely project execution, and a growing appetite for quality housing in Mumbai and other key markets.
For the half-year ended September 30, 2025, Ajmera Realty’s revenue stood at Rs. 481 crore, up 20% from the same period last year. The company’s EBITDA rose 6% to Rs. 139 crore, while profit after tax (PAT) increased 2% to Rs. 71 crore. But the real highlight of the period was the company’s sales performance, presales surged 48% year-on-year to Rs. 828 crore, driven by strong demand across new launches.
Sales volumes also saw healthy growth, rising 20% to 2.93 lakh square feet. Collections jumped 52% to Rs. 454 crore, reflecting the company’s efficient project execution and continued customer confidence.
Dhaval Ajmera, Director – Corporate Affairs, said the company’s performance underscores its commitment to “disciplined growth, timely execution, and prudent financial management.” He added that the company’s balance sheet remains strong, with a healthy debt-to-equity ratio of 0.55x and a well-optimized debt structure.
During the quarter, Ajmera Realty launched two major projects — Ajmera Manhattan 2 and Thirty3.15, together representing a gross development value (GDV) of Rs. 2,100 crore. Both projects have received strong market response, reflecting the growing demand for premium and well-located housing in Mumbai.
The company’s current project pipeline is equally promising. Ajmera Realty has seven projects in the works, with a combined GDV of Rs. 4,357 crore. This pipeline, along with strong customer demand and a healthy financial position, positions the company well to sustain its growth trajectory in the coming quarters.
“The outlook for Wadala remains particularly strong,” said Ajmera. “Our planned developments in this micro-market are expected to generate a topline sales value of over Rs. 12,000 crore.”
The company also plans to diversify its portfolio beyond residential projects. In the second half of FY26, Ajmera Realty will launch a boutique office development with an estimated carpet area of about six lakh square feet and a GDV of Rs. 1,800 crore. This marks a strategic move into the growing commercial segment, especially as demand for Grade-A office spaces picks up across key business districts.
Financial Highlights: Q2 & H1 FY26
Looking further ahead, Ajmera Realty has set its sights on the uber-luxury segment. From FY27 onwards, it plans to launch a large-scale luxury residential project spread across approximately 13.8 lakh square feet, with an estimated GDV of Rs. 5,700 crore. The company also intends to expand the Ajmera Manhattan series with additional phases covering around nine lakh square feet and a GDV potential of Rs. 3,200 crore.
With its roots in Mumbai’s development story and a growing national footprint, Ajmera Realty’s strategy combines legacy with innovation. The company’s ability to deliver on time, manage debt efficiently, and respond to evolving consumer preferences has helped it maintain investor and buyer confidence through market cycles.
As India’s urban housing and commercial demand continue to climb, Ajmera Realty appears well-positioned to tap into the next wave of real estate growth, one defined by design, trust, and long-term value creation.
