Ajmera Realty Achieves Profit of Rs 14 Crore in Q4 Fy22

For the quarter ended March 2022, Ajmera Realty & Infra India recorded a 12 percent increase in consolidated net profit to Rs 14.01 crore. In the previous fiscal year, the company's net profit was Rs 12.48 crore.

According to a regulatory filing, total revenues increased to Rs 183.62 crore in the fourth quarter of the previous fiscal year from Rs 79.78 crore the year before.In the previous fiscal year, net profit increased to Rs 45.39 crore from Rs 30.18 crore in 2020-21.In 2021-22, total income increased to Rs 489.11 crore, up from Rs 351.79 crore the previous year.

Dhaval Ajmera, Director - Ajmera Realty & Infra India said: "India's real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years."