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AJMERA Sets Sep 16, 2026 Record Date for Re. 1/Share Final Dividend
Ajmera Realty & Infra India Limited has fixed Wednesday, September 16, 2026, as the record date for determining shareholder eligibility for its final dividend. The company recommended a final dividend of Re. 1 per equity share of face value Rs. 2 each for FY26 (50% payout on face value). Subject to approval at the upcoming Annual General Meeting, the dividend will be disbursed on or before October 22, 2026. At the current share price of Rs 119.5, this translates to a dividend yield of approximately 0.84%.
Confidence: HIGH
What changedThe company formalized the record date and payment schedule for its FY26 final dividend of Re. 1 per share.
Why it mattersProvides cash returns to shareholders and confirms the dividend distribution timeline following FY26 net profit of Rs 156.81 Cr.
Final dividend per share: Re. 1Face value: Rs. 2Record date: 16-Sep-2026Payment deadline: 22-Oct-2026Dividend yield: ~0.84%
📅 Short termStock will trade cum-dividend until the ex-dividend date immediately preceding September 16, 2026.
📈 Long termLimited structural impact; reflects standard annual profit distribution.
⚠ Risk flags
- Subject to approval by shareholders at the AGM
Key Highlights
Final dividend fixed at Re. 1/- per equity share of face value Rs. 2/- each for FY26
Record date established as September 16, 2026
Dividend payment scheduled to be completed on or before October 22, 2026
Represents a 50% dividend payout on equity share face value
👀 What to Watch
Investors seeking dividend eligibility must hold shares as of the record date (September 16, 2026). Monitor shareholder approval at the AGM and dividend disbursement by October 22, 2026.
23% Revenue Growth in Q1 FY27; Rs 21,000 Cr GDV Pipeline Targeted
Ajmera Realty reported a steady Q1 FY27 with revenue growing 23% YoY to Rs 320 Cr and PAT increasing 14% to Rs 45 Cr. Despite a seasonally softer quarter, the company achieved sales of Rs 146 Cr and collections of Rs 173 Cr. Management highlighted a massive GDV opportunity of Rs 21,000 Cr, anchored by the Wadala land bank (Rs 18,000 Cr) and a Rs 3,000 Cr launch pipeline for FY27. Liquidity was bolstered by receiving Rs 89 Cr from asset monetization, part of a projected Rs 330 Cr cash flow.
Confidence: HIGH
What changedThe company has provided concrete visibility on its massive Rs 21,000 Cr GDV pipeline and confirmed the receipt of significant non-core cash flows from asset monetization.
Why it mattersThe scale of the development pipeline (Rs 21,000 Cr) relative to the current market cap (Rs 898 Cr) suggests significant long-term growth potential if execution and sales velocity are maintained.
Q1 FY27 Revenue: Rs 320 CrYoY Revenue Growth: 23%Total GDV Opportunity: Rs 21,000 CrGDV vs TTM Revenue: 19.25xAsset Monetization Received: Rs 89 CrDebt/Equity Ratio: 0.47
📅 Short termThe stock may react positively to the earnings growth and the cash inflow from asset monetization, which provides liquidity for upcoming launches.
📈 Long termThe long-term trajectory depends on the monetization of the Wadala land bank; successful execution of this multi-year pipeline could significantly re-rate the company.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geographical concentration in Mumbai and Bangalore
- Potential increase in leverage for new launches
- Cyclicality of the premium real estate market
Key Highlights
Revenue increased 23% YoY to Rs 320 Cr, while EBITDA grew 18% to Rs 94 Cr.
Total GDV opportunity estimated at Rs 21,000 Cr, which is approximately 19x the TTM revenue.
Received Rs 89 Cr as profit share from property sales, part of a Rs 330 Cr asset monetization plan.
Sales value of Rs 146 Cr recorded for 43,000+ sq. ft. area in Q1 FY27.
Debt-to-Equity ratio remains healthy at 0.47x, with management guiding for a 1x cap despite upcoming project launches.
👀 What to Watch
Investors should track the execution timeline of the Rs 3,000 Cr FY27 launch pipeline and the sales velocity of the flagship Wadala projects, which represent the bulk of the company's future value.
23% YoY Revenue Growth in Q1 FY27; Debt Reduced by ₹57 Cr to ₹680 Cr
Ajmera Realty reported a 23% YoY increase in Q1 FY27 revenue to ₹320 Cr, supported by the commencement of revenue recognition for the Ajmera Solis project. The company demonstrated strong financial discipline by reducing its debt by ₹57 Cr during the quarter, bringing the debt-to-equity ratio to 0.47x. While sales value grew 35% YoY to ₹146 Cr, the carpet area sold saw a 31% YoY decline to 43,737 sq. ft. The company added a new project in Bengaluru with an estimated Gross Development Value (GDV) of ₹389 Cr, bolstering a total launch pipeline of ₹6,508 Cr.
Confidence: HIGH
What changedThe company has moved the Ajmera Solis project into the revenue recognition phase and successfully utilized collections to reduce debt by ₹57 Cr in a single quarter.
Why it mattersThe significant debt reduction improves the balance sheet health (D/E 0.47x) in a high-interest environment. The massive launch pipeline relative to the current market cap provides long-term revenue visibility.
Q1 FY27 Revenue: ₹320 CrDebt Reduction (QoQ): ₹57 CrLaunch Pipeline Value: ₹6,508 CrNew Project GDV: ₹389 CrQ1 Revenue vs TTM Revenue: 29.3%Pipeline vs TTM Revenue: 596.5%
📅 Short termThe stock may react positively to the double-digit growth in PAT and the substantial reduction in debt, which addresses a key historical concern for the company.
📈 Long termThe launch pipeline of ₹6,508 Cr is nearly 6x the TTM revenue and 7x the current market cap, suggesting a structural growth trajectory if execution remains consistent.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- 31% YoY decline in carpet area sold (volume)
- Geographical concentration in Mumbai and Bengaluru
- Cyclical risks inherent in the real estate sector
Key Highlights
Revenue grew 23% YoY to ₹320 Cr, representing approximately 29% of TTM revenue in a single quarter
Total debt reduced by ₹57 Cr from ₹737 Cr (March 2026) to ₹680 Cr (June 2026)
Sales value increased 35% YoY to ₹146 Cr, indicating higher realizations per square foot
Launch pipeline remains robust at ₹6,508 Cr, including a new ₹389 Cr GDV project in Bengaluru
EBITDA grew 18% YoY to ₹94 Cr with a healthy margin of 29%
👀 What to Watch
Monitor the sales velocity of the new Bengaluru project and the execution timeline of the ₹6,508 Cr launch pipeline. Investors should also track if the debt reduction trend continues, as it significantly lowers interest cost risks.
Ajmera Q1 FY27: Revenue up 23% to ₹320 Cr; Realization Jumps 95% to ₹33,278/sq. ft.
Ajmera Realty reported a strong YoY performance for Q1 FY27, with revenue increasing 23% to ₹320 Cr and PAT rising 14% to ₹45 Cr. A standout metric was the 95% YoY surge in sales realization to ₹33,278 per sq. ft., which offset a 31% decline in sales volume. The company successfully reduced its Debt-to-Equity ratio to 0.47x from 0.53x in the previous quarter. With a launch pipeline of 3.8 million sq. ft. and an estimated revenue potential of ₹3,805 Cr from ongoing projects, the growth outlook remains robust.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results, showing significant YoY growth in revenue and profitability alongside continued deleveraging of the balance sheet.
Why it mattersThe sharp increase in realization suggests strong pricing power and a successful shift toward premium residential segments, while the lower debt-to-equity ratio reduces financial risk in a high-interest-rate environment.
Q1 Revenue: ₹320 CrQ1 PAT: ₹45 CrSales Realization: ₹33,278/sq. ft.Debt-to-Equity Ratio: 0.47xOngoing Project Revenue Potential: ₹3,805 CrAverage Cost of Debt: 11.01%
📅 Short termThe stock may see positive sentiment due to the YoY growth in earnings and the significant improvement in realizations and debt profile.
📈 Long termThe company's large land bank (10.4 MSF potential) and active launch pipeline provide a multi-year growth runway, though geographical concentration in Mumbai remains a key factor.
⚠ Risk flags
- 31% YoY decline in sales volume
- High average cost of debt at 11.01%
- Geographical concentration in Mumbai and Bangalore
Key Highlights
Revenue grew 23% YoY to ₹320 Cr, contributing approximately 29% of the TTM revenue
Sales realization increased by 95% YoY to ₹33,278 per sq. ft., reflecting a shift toward premium projects
Debt-to-Equity ratio improved to 0.47x as of June 2026, down from 0.53x in March 2026
Total revenue potential from ongoing projects is estimated at ₹3,805 Cr, with ₹1,631 Cr from committed sales
Sales value increased 35% YoY to ₹146 Cr despite sales volume dropping 31% to 43,737 sq. ft.
👀 What to Watch
Investors should monitor the execution and sales velocity of the 3.8 million sq. ft. launch pipeline, particularly in the high-margin Mumbai micro-markets, to see if premium realizations are sustainable.
Ajmera Realty Q1 Revenue Up 22.6% to ₹317 Cr; MD & WTD Re-appointed for 3-Year Terms
Ajmera Realty reported a steady Q1 FY27 with consolidated revenue growing 22.6% YoY to ₹316.97 Cr. Profit before tax (PBT) increased by 8.5% YoY to ₹62.05 Cr, maintaining healthy margins. The board ensured leadership continuity by re-appointing the Managing Director and Whole-time Director for three-year terms starting April 2027. Additionally, the company strengthened its senior management by appointing a new Director of Corporate Affairs and an AVP for Accounts & Taxation.
Confidence: HIGH
What changedThe company has secured its top leadership for the next four years and added specialized senior management roles while delivering double-digit revenue growth in Q1.
Why it mattersLeadership continuity is crucial for managing the company's ₹4,723 Cr project pipeline; the 22.6% revenue growth indicates strong momentum in Mumbai and Bangalore markets.
Q1 FY27 Revenue: ₹316.97 CrYoY Revenue Growth: 22.6%Q1 FY27 PBT: ₹62.05 CrMD Re-appointment Term: 3 yearsQ1 Revenue vs TTM Revenue: 29.05%
📅 Short termThe stock may react positively to the revenue growth and the removal of any uncertainty regarding top-level leadership continuity.
📈 Long termThe re-appointment of experienced promoters and the induction of professional management support the company's long-term goal of 20% annual growth.
⚠ Risk flags
- Related-party appointment (Dhaval Ajmera is a relative of the CMD)
- High geographical concentration in Mumbai and Bangalore
Key Highlights
Consolidated revenue for Q1 FY27 rose to ₹316.97 Cr from ₹258.43 Cr in Q1 FY26
Profit before tax (PBT) stood at ₹62.05 Cr for the quarter, up from ₹57.20 Cr YoY
Re-appointment of MD Manoj Ajmera and WTD Sanjay Ajmera approved for 3 years (2027-2030)
Appointment of Keyur Mehta as AVP - Accounts & Taxation, bringing over 15 years of industry experience
Confirmed dividend payment timeline to be completed by October 22, 2026, subject to AGM approval
👀 What to Watch
Monitor the execution of the 22 lakh sq. ft. launch pipeline planned for FY26 and the impact of the new senior management on operational efficiency and tax planning.
Ajmera Realty Q1 Revenue Grows 22.6% YoY to ₹317 Cr; Key Management Re-appointed
Ajmera Realty reported a steady Q1 FY27 with consolidated revenue rising 22.6% YoY to ₹316.97 Cr. Net profit for the quarter increased 14.6% YoY to ₹32.65 Cr, representing approximately 20.8% of its TTM PAT. The board ensured leadership continuity by re-appointing Managing Director Manoj Ajmera and Whole-time Director Sanjay Ajmera for three-year terms starting April 2027. Additionally, the company strengthened its senior management with new appointments in Corporate Affairs and Taxation.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results and secured long-term leadership by re-appointing its core promoters to the board for another three years.
Why it mattersLeadership stability is critical for executing Ajmera's high-margin premium project strategy in Mumbai and Bangalore. The Q1 results show the company is maintaining growth despite a high-leverage environment (Debt/CFO of 3.97x).
Q1 FY27 Revenue: ₹316.97 CrQ1 FY27 Net Profit: ₹32.65 CrYoY Revenue Growth: 22.6%Q1 Revenue vs TTM Revenue: ~29%Director Re-appointment Term: 3 years
📅 Short termThe stock may see positive sentiment due to double-digit YoY growth in both revenue and profit, alongside the removal of leadership uncertainty.
📈 Long termLeadership continuity and the addition of specialized senior management support the company's goal of scaling its 20.3 million sq. ft. execution track record.
⚠ Risk flags
- Geographical concentration in Mumbai and Bangalore
- High leverage sensitivity to interest rates
- Cyclical nature of real estate sector
Key Highlights
Consolidated revenue for Q1 FY27 reached ₹316.97 Cr, up from ₹258.43 Cr in Q1 FY26.
Net profit for the quarter stood at ₹32.65 Cr, a 14.6% increase over the ₹28.49 Cr reported in the previous year's corresponding quarter.
MD Manoj Ajmera and WTD Sanjay Ajmera re-appointed for 3-year terms effective from April 24, 2027, to April 23, 2030.
Dhaval Ajmera appointed as Director – Corporate Affairs (SMP) effective October 1, 2026.
Confirmed dividend payment for FY26 will be completed before October 22, 2026, subject to AGM approval.
👀 What to Watch
Monitor the sales velocity of the 22 lakh sq. ft. launch pipeline planned for FY26-27 to see if the current revenue growth momentum is sustained. Investors should also track the upcoming AGM for formal shareholder approval of the director re-appointments.
Ajmera Realty Q1 Revenue Grows 22.6% YoY to ₹316.97 Cr; MD & WTD Re-appointed
Ajmera Realty reported a 22.6% YoY increase in consolidated revenue from operations to ₹316.97 Cr for Q1 FY27. Profit Before Tax (PBT) rose 8.5% YoY to ₹62.05 Cr, although performance saw a sequential decline from the ₹431.13 Cr revenue recorded in Q4 FY26. The board ensured leadership continuity by re-appointing the Managing Director and Whole-time Director for three-year terms starting April 2027. Finance costs increased significantly to ₹30.47 Cr from ₹21.04 Cr in the year-ago period, impacting bottom-line growth relative to revenue.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing steady YoY growth and confirmed the extension of its core leadership team for another three years.
Why it mattersThe results demonstrate sustained demand in the Mumbai and Bangalore markets, though the rise in finance costs highlights the company's sensitivity to leverage in a capital-intensive sector.
Revenue (Q1 FY27): ₹316.97 CrRevenue Growth (YoY): 22.6%PBT (Q1 FY27): ₹62.05 CrFinance Costs (Q1 FY27): ₹30.47 CrQ1 Revenue vs TTM Revenue: 29.05%
📅 Short termThe YoY growth in revenue and PBT is likely to be viewed positively by the market, though the sequential dip from Q4 may temper immediate enthusiasm.
📈 Long termManagement continuity and a robust project pipeline of 20.3 million sq. ft. support long-term growth, provided the company can maintain its 20% expected growth rate and manage debt levels.
⚠ Risk flags
- Rising finance costs (up 44.8% YoY)
- Sequential revenue decline (₹316.97 Cr vs ₹431.13 Cr in Q4 FY26)
- Geographical concentration in Mumbai and Bangalore
Key Highlights
Consolidated Revenue from Operations reached ₹316.97 Cr, a 22.6% increase over ₹258.43 Cr in Q1 FY26.
Profit Before Tax (PBT) stood at ₹62.05 Cr, up 8.5% from ₹57.20 Cr in the corresponding quarter last year.
Finance costs rose to ₹30.47 Cr, representing a 44.8% increase YoY, which moderated profit growth.
Re-appointment of Mr. Manoj Ajmera (MD) and Mr. Sanjay Ajmera (WTD) approved for 3 years effective April 24, 2027.
Dividend for FY26, if approved at the AGM, is scheduled to be paid before October 22, 2026.
👀 What to Watch
Investors should monitor the sales velocity of the 22 lakh sq. ft. launch pipeline planned for FY26 and the company's ability to manage rising finance costs, which currently consume a significant portion of operating profits.
₹146 Cr Sales Value in Q1 FY27; Up 35% YoY Despite 31% Volume Decline
Ajmera Realty reported a 35% YoY increase in sales value to ₹146 crore for Q1 FY27, driven by stronger realizations per square foot. However, operational volumes were weak, with sales area declining 31% YoY to 43,737 sq. ft. and collections falling 26% YoY to ₹173 crore. Sequentially, the performance saw a sharp contraction, with sales value and collections dropping 46% and 45% respectively compared to Q4 FY26, which management attributed to a lack of new project launches during the period.
Confidence: HIGH
What changedThe company released its quarterly operational update showing a shift toward higher-value realizations but a significant slowdown in sales volume and collections compared to both the previous year and the previous quarter.
Why it mattersReal estate companies rely on consistent sales velocity and collections to manage high debt levels (Debt/CFO of 3.97x). While pricing power is evident, the volume drop highlights the lumpy nature of their revenue recognition cycle.
Sales Value (Q1 FY27): ₹146 croreCollections (Q1 FY27): ₹173 croreSales Area Sold: 43,737 sq. ft.YoY Sales Value Growth: 35%QoQ Sales Value Growth: -46%Sales vs TTM Revenue: 13.4%
📅 Short termThe stock may face some pressure due to the sharp sequential (QoQ) decline in sales and collections, despite the YoY growth in value.
📈 Long termLong-term growth is tied to the execution of the 22 lakh sq. ft. pipeline in Mumbai and Bangalore; the current moderation appears temporary and launch-dependent.
⚠ Risk flags
- High geographical concentration in Mumbai and Bangalore
- Sensitivity to interest rate hikes due to leverage
- Volatility in input costs affecting margins
Key Highlights
Sales value grew 35% YoY to ₹146 crore, though it fell 46% on a QoQ basis.
Carpet area sold declined to 43,737 sq. ft., down 31% YoY and 58% QoQ.
Collections stood at ₹173 crore, representing a 26% YoY decline from ₹234 crore.
Management highlighted a planned absence of new launches in Q1 FY27 as a key factor for the sequential moderation.
The company maintains a robust launch pipeline of 22 lakh sq. ft. planned for the remainder of FY26.
👀 What to Watch
Investors should monitor the timeline of the 22 lakh sq. ft. launch pipeline, as the current quarter's performance confirms the company's high sensitivity to new project rollouts for maintaining sales momentum.
Ajmera Realty FY26 Net Profit Up 24% to ₹157 Cr; Sets ₹2,200 Cr Presales Target for FY27
Ajmera Realty reported a landmark FY26 with record presales of ₹1,701 crores, marking a 57% YoY growth and surpassing its annual guidance. The company achieved its highest-ever collections of ₹1,103 crores (up 71% YoY) and significantly deleveraged its balance sheet to a debt-to-equity ratio of 0.53x. Management has provided a robust outlook for FY27 with a presales target of ₹2,200 crores, backed by a launch pipeline of ₹6,324 crores. Total revenue visibility remains strong at ₹10,432 crores, primarily driven by the strategic Wadala land bank.
Key Highlights
FY26 revenue grew 46% YoY to ₹1,098 crores, with PAT increasing 24% to ₹157 crores.
Achieved record annual presales of ₹1,701 crores, surpassing the management guidance of ₹1,600 crores.
Debt-to-equity ratio improved significantly to 0.53x from 1.13x in FY21, beating the 0.85x guidance.
Average realization increased to ₹25,770 per sq. ft. in FY26 compared to ₹12,083 in FY21.
Weighted average cost of debt reduced to 11.15% in FY26 from 12.20% in FY25.
👀 What to Watch
Investors should view the company's aggressive deleveraging and strong sales momentum as positive indicators of financial health and execution capability. Monitor the timely launch of the FY27 pipeline and the regulatory conversion of the Kanjurmarg land for further value unlocking.
Ajmera Realty FY26 PAT Grows 24% to ₹157 Cr; Sets Ambitious ₹2,200 Cr Sales Target for FY27
Ajmera Realty reported a strong FY26 with revenue growing 46% YoY to ₹1,098 Cr and PAT increasing 24% to ₹157 Cr. Operational performance was robust, with sales value reaching a record ₹1,701 Cr, driven by new launches which contributed 82% of total sales. The company significantly deleveraged its balance sheet, bringing the debt-to-equity ratio down to 0.53x from 1.13x in FY21. Management has set an aggressive pre-sales target of ₹2,200 Cr for FY27, backed by a massive GDV pipeline of ₹24,918 Cr.
Key Highlights
FY26 Revenue increased by 46% YoY to ₹1,098 Cr, while PAT grew 24% to ₹157 Cr.
Annual sales value surged 57% YoY to a record ₹1,701 Cr, outperforming annual guidance.
Debt-to-equity ratio improved significantly to 0.53x, well below the management guidance of 0.85x.
Collections grew by 71% YoY to ₹1,103 Cr, reflecting strong execution and improved cash flow visibility.
Management set an FY27 pre-sales target of ₹2,200 Cr with a total GDV opportunity of ₹24,918 Cr.
👀 What to Watch
Investors should take note of the company's successful deleveraging and aggressive sales guidance for the next fiscal year. The massive GDV pipeline and improved collection efficiency suggest strong fundamental growth in the medium term.
Ajmera Realty FY26 PAT Jumps 25% to INR 157 Cr; Sales Value Surges 57% to INR 1,701 Cr
Ajmera Realty reported a strong financial performance for FY26, with revenue growing 46% YoY to INR 1,098 Cr and PAT increasing 25% to INR 157 Cr. The company achieved its highest-ever annual sales value of INR 1,701 Cr and collections of INR 1,103 Cr, driven by new launches which contributed 82% of sales value. Operational efficiency improved significantly with average realizations rising to INR 25,760 per sq. ft. and the debt-to-equity ratio declining to 0.53x. A robust launch pipeline of 8 projects with an estimated GDV of INR 6,324 Cr provides strong revenue visibility for FY27.
Key Highlights
Sales value grew by 57% YoY to INR 1,701 Cr, while collections surged 71% to INR 1,103 Cr.
Net Profit (PAT) increased 25% YoY to INR 157 Cr with an EBITDA margin of 28%.
Debt-to-Equity ratio improved to 0.53x from 1.13x in FY21, showcasing disciplined deleveraging.
Average realization per square foot increased by 42% YoY to INR 25,760.
Future revenue visibility stands at INR 10,432 Cr, including a INR 6,324 Cr launch pipeline for FY27.
👀 What to Watch
The company demonstrates strong operational momentum and a healthy balance sheet with significant deleveraging. Investors should monitor the execution of the FY27 launch pipeline and the value unlocking potential in the Wadala micro-market.
Ajmera Realty FY26 PAT Up 19% to ₹150 Cr; Recommends ₹1 Dividend
Ajmera Realty reported a robust performance for FY26, with consolidated revenue from operations growing 48% YoY to ₹1,090.35 crore. Net profit for the full year rose 19% to ₹149.79 crore, significantly bolstered by a massive surge in Q4 revenue which reached ₹431.13 crore. The company's board has recommended a final dividend of Re. 1 per share (50% of face value). Inventory levels have increased to ₹1,495 crore, suggesting a strong pipeline of ongoing and upcoming projects.
Key Highlights
Consolidated Revenue from Operations grew 47.7% YoY to ₹1,090.35 crore in FY26.
Net Profit (PAT) attributable to owners increased to ₹149.79 crore from ₹125.95 crore in FY25.
Q4 FY26 Revenue saw a sharp jump to ₹431.13 crore compared to ₹151.39 crore in Q4 FY25.
Board recommended a final dividend of Re. 1 per equity share of face value ₹2.
Consolidated Net Worth stood at ₹1,385 crore as of March 31, 2026.
👀 What to Watch
The strong revenue growth and healthy project pipeline indicate solid execution; investors should hold as the company maintains growth momentum and dividend payouts.
Ajmera Realty FY26 Revenue Surges 48% to ₹1,090 Cr; Recommends ₹1 Dividend
Ajmera Realty & Infra India reported a robust financial performance for FY26, with consolidated revenue growing 48% year-on-year to ₹1,090.35 crore. Net profit for the full year increased by 19% to ₹149.79 crore, driven by a massive surge in Q4 revenue which reached ₹431.13 crore. The Board has recommended a final dividend of ₹1 per equity share, representing 50% of the face value. The company's inventory levels rose to ₹1,495 crore, suggesting a strong pipeline of ongoing and upcoming projects.
Key Highlights
Consolidated Revenue for FY26 increased 48% YoY to ₹1,09,035 lakhs from ₹73,801 lakhs
Consolidated Net Profit for FY26 rose to ₹14,979 lakhs compared to ₹12,595 lakhs in FY25
Q4 FY26 Consolidated Revenue surged to ₹43,113 lakhs, nearly triple the ₹15,139 lakhs reported in Q4 FY25
Recommended a final dividend of ₹1 per equity share (50% of face value of ₹2)
Full-year Basic EPS improved to ₹7.61 from ₹6.80 in the previous financial year
👀 What to Watch
The strong revenue growth and significant jump in Q4 performance indicate high project execution momentum. Investors should monitor the company's inventory liquidation and new project launches to sustain this growth trajectory.
Ajmera Realty FY26 PAT Rises 19% to ₹150 Cr; Recommends ₹1 Dividend
Ajmera Realty & Infra India Limited reported a strong financial performance for FY26, with consolidated revenue growing 48% YoY to ₹1,090 crore. Net profit for the full year increased by 19% to ₹150 crore, significantly bolstered by a massive 185% surge in Q4 revenue compared to the previous year's quarter. The company's net worth has strengthened to ₹1,385 crore, and the board has recommended a final dividend of ₹1 per share (50% of face value).
Key Highlights
Consolidated Revenue for FY26 surged 48% YoY to ₹1,09,035 Lakhs.
Net Profit (PAT) for FY26 grew 19% to ₹14,979 Lakhs compared to ₹12,595 Lakhs in FY25.
Q4 FY26 Revenue saw a massive jump to ₹43,113 Lakhs from ₹15,139 Lakhs in Q4 FY25.
Board recommended a final dividend of ₹1 per equity share of face value ₹2 each.
Basic EPS for the full year increased to ₹7.61 from ₹6.80 in the previous fiscal year.
👀 What to Watch
The strong revenue growth and profit expansion indicate healthy project execution and sales momentum in the real estate sector. Investors may consider this a positive signal for long-term growth, supported by a consistent dividend payout.
Ajmera Realty Receives 'CRISIL A-/Stable' Rating for Rs 500 Crore Bank Facilities
CRISIL Ratings has assigned a 'CRISIL A-/Stable' rating to Ajmera Realty & Infra India Limited's bank loan facilities totaling Rs 500 crore. The rating covers term loans from major lenders including Standard Chartered (Rs 230 Cr), ICICI Bank (Rs 195 Cr), and YES Bank (Rs 75 Cr). The 'Stable' outlook suggests that the company is expected to maintain its credit profile in the medium term. This investment-grade rating underscores the company's ability to meet its long-term financial commitments and manage its debt obligations effectively.
Key Highlights
CRISIL assigned a 'CRISIL A-/Stable' rating for long-term bank loan facilities.
Total rated bank loan facilities amount to Rs 500 crore across three major banks.
Specific bank exposures include Standard Chartered (Rs 230 Cr), ICICI Bank (Rs 195 Cr), and YES Bank (Rs 75 Cr).
The rating reflects a stable outlook for the company's credit profile through September 2026.
👀 What to Watch
The 'A-' rating confirms a stable credit profile, which is crucial for a real estate firm's ability to fund new projects at competitive rates. Investors should maintain a positive outlook while monitoring the company's project execution and debt-to-equity levels.
Ajmera Realty Hits Record FY26 Pre-sales of INR 1,701 Cr, Up 57% YoY; Collections Surge 71%
Ajmera Realty reported its highest-ever annual pre-sales of INR 1,701 crore for FY26, representing a 57% YoY growth and exceeding its annual guidance. Annual collections also reached a record INR 1,103 crore, a significant 71% increase compared to the previous year, driven by strong project execution and timely deliveries. While Q4 FY26 saw a sequential dip in sales area and value, the full-year performance was bolstered by four new project launches with a combined GDV of INR 3,088 crore. The company continues to follow an asset-light strategy to maximize capital efficiency and maintain a strong balance sheet.
Key Highlights
Achieved record annual pre-sales of INR 1,701 crore, a 57% YoY growth, surpassing FY26 guidance.
Annual collections hit an all-time high of INR 1,103 crore, up 71% YoY, reflecting strong cash flow generation.
Launched four new projects in FY26 (Manhattan 2, 33Fifteen, Solis, Vann) with a total estimated GDV of INR 3,088 crore.
Sales area for FY26 grew 11% YoY to 6,60,246 sq. ft., with 82% of sales value contributed by new launches.
Successfully obtained Occupation Certificates for three projects: Ajmera Eden, Ajmera Prive, and Ajmera Lugaano & Florenza.
👀 What to Watch
Investors should view the record-breaking annual performance and strong collection growth as a sign of robust operational health and brand strength. Monitor the execution and absorption of the INR 3,088 crore GDV pipeline for sustained revenue visibility in the coming fiscal year.
Ajmera Realty Extends Rs 125 Cr Corporate Guarantee for Subsidiary's Credit Facility
Ajmera Realty & Infra India Limited (ARIIL) has approved a corporate guarantee of Rs 125 crore for a credit facility availed by Ajmera Bora Associates (ABA). ABA is a related party where ARIIL's subsidiary, Laudable Infrastructure LLP, holds a 67% stake. The credit facility is being provided by ARKA Fincap Limited to support project-level financing. This move is a standard operational procedure for real estate developers to facilitate funding for their subsidiary entities.
Key Highlights
Corporate guarantee amounting to Rs 125 crore extended to Ajmera Bora Associates.
Ajmera Bora Associates is 67% owned by Laudable Infrastructure LLP, a subsidiary of ARIIL.
The credit facility is sourced from ARKA Fincap Limited.
The transaction is conducted at arm's length with no immediate impact on ARIIL's financial operations.
The guarantee represents a contingent liability for the parent company.
👀 What to Watch
Investors should monitor the overall contingent liabilities of the company and the progress of projects under Ajmera Bora Associates. No immediate action is required as this is a routine financing arrangement for the real estate sector.
Ajmera Realty Q3 FY26: Sales Surge 72% to ₹1,431 Cr; Wadala GDV Potential Hits ₹16,000 Cr
Ajmera Realty delivered a stellar performance in 9M FY26, achieving its highest-ever sales of ₹1,431 crores, a 72% YoY increase. The company is on track to exceed its annual guidance of ₹1,600 crores, supported by the exceptional launch of Ajmera Solis and record collections of ₹333 crores in Q3. A significant strategic revision in the Wadala master plan has unlocked a GDV of ₹5,300 crores for its boutique office project, bringing the total micro-market potential to ₹16,000 crores. Financial health remains stable with a debt-to-equity ratio of 0.58x and healthy EBITDA margins of 30%.
Key Highlights
Achieved record 9M FY26 sales of ₹1,431 crores (up 72% YoY) and collections of ₹787 crores (up 70% YoY).
Strategic revision of Wadala Boutique Office project increased area to 16 lakh sq. ft., raising GDV from ₹1,800 crores to ₹5,300 crores.
Total revenue visibility stands at approximately ₹5,600 crores, including an upcoming launch pipeline of ₹1,500 crores.
Maintained a disciplined balance sheet with a debt-to-equity ratio of 0.58x and EBITDA margins at 30%.
Ajmera Solis (Vikhroli) saw 84% of inventory sold within 60 hours of launch, validating the asset-light strategy.
👀 What to Watch
Investors should view the massive GDV expansion in Wadala and the successful asset-light execution as strong long-term growth drivers. The stock remains a watch for continued execution of the revised master plan and maintenance of margins.
Ajmera Realty 9M Sales Value Surges 72% to INR 1,431 Cr; PAT Dips 4% to INR 99 Cr
Ajmera Realty reported a strong operational performance for 9M FY26, with sales value reaching INR 1,431 crore, achieving approximately 90% of its annual target. While operational metrics like collections (up 70% YoY) and sales volume (up 36% YoY) showed significant growth, the financial bottom-line for 9M FY26 remained slightly lower with PAT at INR 99 crore. A major highlight is the strategic revision of the Wadala project, which is expected to add INR 3,500 crore to the Gross Development Value (GDV). The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.58x.
Key Highlights
Sales value grew 72% YoY to INR 1,431 Cr in 9M FY26, driven by strong response to new launches.
Collections reached a record high of INR 787 Cr for 9M FY26, representing a 70% YoY growth.
Revision of Wadala project master plan adds 10 lakh sq. ft. carpet area, increasing GDV by approximately INR 3,500 Cr.
9M FY26 Revenue grew 11% YoY to INR 664 Cr, while PAT saw a marginal decline of 4% to INR 99 Cr.
Secured new business development worth INR 2,015 Cr to fuel future growth through asset-light models.
👀 What to Watch
Investors should look past the flat quarterly PAT and focus on the massive 72% surge in pre-sales and the significant GDV expansion in Wadala. The strong collection growth and low debt-to-equity ratio of 0.58x indicate high cash flow visibility and financial stability.
Ajmera Realty 9M FY26 Sales Value Surges 72% to ₹1,431 Cr; Collections Up 70%
Ajmera Realty reported a strong operational performance for 9M FY26, with sales value growing 72% YoY to ₹1,431 Cr and collections increasing 70% to ₹787 Cr. While operational metrics were robust, financial performance was mixed as revenue rose 11% to ₹664 Cr but PAT saw a marginal 4% decline to ₹99 Cr. The company has successfully deleveraged, bringing its debt-to-equity ratio down to 0.58x from 0.85x in the previous year. With a massive future development pipeline estimated at over ₹46,000 Cr GDV, the company shows strong long-term growth visibility.
Key Highlights
9M FY26 Sales Value grew by 72% YoY to ₹1,431 Cr, while Sales Volume rose 36% to 5.55 lakh sq. ft.
Collections reached a record ₹787 Cr for the 9-month period, representing a 70% YoY increase.
Debt-to-Equity ratio improved significantly to 0.58x as of December 2025, down from 0.97x in Sep 2023.
Total revenue visibility from current and upcoming projects stands at ₹5,589 Cr.
Owned land bank in Wadala and Kanjurmarg holds a massive development potential of ~₹46,441 Cr GDV.
👀 What to Watch
Investors should look past the slight dip in quarterly PAT and focus on the record-high pre-sales and collections, which are the primary drivers for future real estate earnings. The company's successful deleveraging and massive land bank in prime Mumbai micro-markets provide a strong margin of safety and growth potential.
