Ajmera Realty & Infra India Ltd (BSE: 513349 & NSE: AJMERA), announced its 3rd Quarter & Nine months ended 31st December 2024 financial results. Revenue grew by 27% YoY to INR 599 crore in 9M FY25, compared to INR 474 crore in 9M FY24.
EBITDA grew by 42% YoY to INR 200 crores in 9M FY25, compared to INR 140 crores in 9M FY24. EBITDA Margin up by 374 bps to 33% for 9M FY25. PAT increased by 37% YoY to INR 102 crore, up from INR 74 crore in 9MFY24. PAT Margin for 9M FY25 stood at 17%, up by 133 bps on YoY basis.
Sales Value grew by 14%, YoY reaching INR 830 crore compared to INR 730 crore in 9M FY24. Collections witnessed a 25% increase to INR 464 crore from INR 373 crore in 9MFY24, driven by faster project execution.
The company successfully strengthened its balance sheet by reducing outstanding debt by 14% to INR 693 crore as compared to INR 780 crore as on 31st March 2024, with debt equity ratio of 0.57x as of 9M FY25.
It also added projects with INR 2,450 crore, as against guidance of INR 3,500 during the 9M FY25.
Commenting on the Q3 & 9M FY25 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India Limited said: "The company continues to progress on its robust growth trajectory, delivering consistent results that highlight the success of our strategic initiatives. The exceptional response to our newly launched portfolio further strengthens our confidence as we gear up for upcoming launches of six projects with GDV of Rs4,300 crores in the quarters ahead. The equity raised has significantly enhanced our capital base and enabled us to successfully reduce corporate debt, in line with our stated guidance. With our aggressive business development strategies, we have added one mn sq.ft worth INR 2,450 crores GDV, in our legacy markets where we are well-positioned to advance to the next phase of our growth journey. These strategic milestones reinforce our market leadership and drive sustainable, long-term value creation for our stakeholders."
