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AJMERA - Ajmera Realty

📊 NSE: AJMERA 🏢 Construction 📅 Last Updated: 12/13/2025 18:03

📢 Recent Corporate Announcements

Ajmera Realty Schedules One-on-One Meeting with Whitestone Financial Advisors

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Mar 2026, 06:13 PM

Ajmera Realty & Infra India Limited has announced a scheduled interaction with Whitestone Financial Advisors Pvt Ltd. The meeting is set for Friday, March 20, 2026, and will be conducted in an in-person, one-to-one format. This disclosure is a routine compliance filing under Regulation 30 of the SEBI (LODR) Regulations, 2015. Investors should note that such meetings often involve discussions on company performance and future growth strategies.

One-on-one meeting scheduled with Whitestone Financial Advisors Pvt Ltd on March 20, 2026.
The interaction will be held in person, indicating direct institutional engagement.
Disclosure made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company notified the exchanges on March 13, 2026, providing a 7-day advance notice.

💡 No immediate action is required as this is a routine investor meeting; however, investors should watch for any subsequent investor presentations or transcripts released by the company.

Ajmera Realty to Meet Tata Mutual Fund on March 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 06:40 PM

Ajmera Realty & Infra India Limited has announced a scheduled interaction with Tata Mutual Fund. The meeting is set for March 12, 2026, and will be conducted in a virtual one-on-one format. This meeting is part of the company's regular engagement with institutional investors under SEBI (LODR) Regulations. While no specific financial data was shared in the notice, such interactions often indicate institutional interest in the company's project pipeline and growth strategy.

One-on-one virtual meeting scheduled with Tata Mutual Fund.
Interaction date set for Thursday, March 12, 2026.
Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015.
The schedule is subject to change based on exigencies of either party.

💡 Investors should monitor for any investor presentations or transcripts released following the meeting for insights into the company's operational outlook. No immediate trading action is required based on this routine scheduling notice.

Ajmera Realty Schedules One-on-One Virtual Meeting with HSBC Mutual Fund on March 6

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 12:02 PM

Ajmera Realty & Infra India Limited has announced a scheduled interaction with HSBC Mutual Fund on March 6, 2026. The meeting will be conducted virtually in a one-on-one format to discuss the company's business outlook. This disclosure is a standard requirement under SEBI Listing Obligations and Disclosure Requirements. Such meetings typically focus on clarifying existing public information and long-term strategy with institutional investors.

One-on-one virtual meeting scheduled for March 6, 2026
Interaction specifically with HSBC Mutual Fund
Compliance with Regulation 30 of SEBI LODR Regulations, 2015
Routine engagement to discuss company performance and strategy

💡 Investors should watch for any investor presentations or transcripts released post-meeting for insights into management commentary. No immediate action is necessary as this is a routine institutional interaction.

Ajmera Realty to Participate in Bharat Connect Conference on March 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 05:12 PM

Ajmera Realty & Infra India Limited has announced its participation in the Bharat Connect Conference organized by Arihant Capital. The virtual group meeting with analysts and institutional investors is scheduled for March 10, 2026. This interaction is part of the company's routine investor relations engagement under SEBI (LODR) Regulations, 2015. Such meetings typically provide a platform for management to discuss the company's operational performance and future growth outlook.

Virtual group meeting scheduled for Tuesday, March 10, 2026
Participation in the Bharat Connect Conference hosted by Arihant Capital
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting schedule is subject to change based on exigencies of the company or investors

💡 Investors should monitor the stock exchanges for any investor presentations or transcripts that may be released following the conference to gain insights into management's outlook. No immediate trading action is required based on this routine scheduling announcement.

Ajmera Realty to Conduct One-on-One Meeting with UTI Mutual Fund on February 24

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 10:48 AM

Ajmera Realty & Infra India Limited has scheduled a virtual one-on-one meeting with UTI Mutual Fund on February 24, 2026. This interaction is part of the company's routine engagement with institutional investors under SEBI (LODR) Regulations. Such meetings are standard practice for listed entities to discuss business outlook and performance with fund managers. No material non-public information is expected to be disclosed during this session.

One-on-one virtual meeting scheduled with UTI Mutual Fund.
The interaction is set for Tuesday, February 24, 2026.
Compliance disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
The meeting schedule is subject to change due to exigencies on either side.

💡 Investors should monitor the company's website or exchange filings for any investor presentations or transcripts that may be released following the meeting. No immediate trading action is required based on this routine disclosure.

Ajmera Realty Extends Rs 125 Cr Corporate Guarantee for Subsidiary's Credit Facility

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 17 Feb 2026, 11:56 AM

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.

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.

💡 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 Schedules One-on-One Meeting with Arihant Capital for Feb 11

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Feb 2026, 05:52 PM

Ajmera Realty & Infra India Limited has scheduled a one-on-one meeting with Arihant Capital on February 11, 2026. The interaction will be conducted in a physical, in-person format to discuss company-related matters. This disclosure is a routine filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such meetings are standard practice for maintaining institutional investor relations and providing updates on business outlook.

One-on-one physical meeting scheduled with Arihant Capital.
Interaction date set for Wednesday, February 11, 2026.
Compliance filing under SEBI (LODR) Regulation 30.
The meeting schedule is subject to change due to exigencies.

💡 No immediate action is required as this is a routine investor relations event. Investors should monitor for any subsequent corporate presentations or transcripts that may be released following the meeting.

Ajmera Realty Q3 FY26: Sales Surge 72% to ₹1,431 Cr; Wadala GDV Potential Hits ₹16,000 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 05:08 PM

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%.

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.

💡 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 Releases Audio Recording of Q3 & 9M FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jan 2026, 06:32 PM

Ajmera Realty & Infra India Limited has made the audio recording of its earnings conference call available to the public. The call, held on January 29, 2026, discussed the company's unaudited standalone and consolidated financial results for the third quarter and nine-month period ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015, to ensure transparency for all shareholders. Investors can access the recording through the company's official website to hear management's commentary on business performance.

Earnings call conducted on January 29, 2026, following the release of Q3 FY26 results.
Audio recording covers financial performance for the quarter and nine months ended December 31, 2025.
Recording is accessible via the company's investor relations portal at https://ajmera.com/financials/.
Compliance filing submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements).

💡 Investors should listen to the recording to gain insights into management's outlook on the real estate market and specific project delivery timelines. It is a useful resource for understanding the qualitative factors behind the reported financial numbers.

Ajmera Realty 9M Sales Value Surges 72% to INR 1,431 Cr; PAT Dips 4% to INR 99 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 02:10 PM

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.

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.

💡 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%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 02:04 PM

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.

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.

💡 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.

Ajmera Realty Q3 FY26 Consolidated PAT Declines 24.6% YoY to ₹25.54 Crore

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 01:53 PM

Ajmera Realty & Infra India Limited reported a consolidated revenue of ₹181.75 crore for Q3 FY26, down from ₹192.88 crore in the corresponding quarter of the previous year. Net profit for the quarter saw a significant decline of 24.6% YoY, settling at ₹25.54 crore compared to ₹33.89 crore in Q3 FY25. Despite the quarterly dip, the nine-month (9M FY26) revenue grew to ₹659.22 crore from ₹586.57 crore YoY. The company also completed a 1:5 stock split in January 2026, which is reflected in the restated EPS of ₹1.30 for the current quarter.

Consolidated Revenue for Q3 FY26 stood at ₹181.75 crore, a decrease from ₹192.88 crore in Q3 FY25.
Consolidated Profit After Tax (PAT) for the quarter fell 24.6% YoY to ₹25.54 crore.
Finance costs significantly reduced to ₹13.64 crore in Q3 FY26 from ₹23.54 crore in Q3 FY25.
9M FY26 Revenue increased to ₹659.22 crore, though 9M PAT slightly declined to ₹94.19 crore.
Earnings Per Share (EPS) restated to ₹1.30 following a 1:5 stock split effective January 15, 2026.

💡 Investors should exercise caution due to the YoY decline in quarterly profitability and revenue. While the reduction in finance costs is a positive indicator of debt management, the overall bottom-line pressure suggests a need to monitor project delivery timelines and sales velocity.

Ajmera Realty Completes 1:5 Stock Split; New Shares Credited with Face Value Rs. 2

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 22 Jan 2026, 06:23 PM

Ajmera Realty & Infra India Limited has finalized the sub-division of its equity shares from a face value of Rs. 10 to Rs. 2 per share. Following this 1:5 split, the total number of issued and paid-up equity shares has increased from 3,93,59,130 to 19,67,95,650. The company has received credit confirmations from both NSDL and CDSL for the new shares under the new ISIN INE298G01035. This corporate action is primarily intended to enhance market liquidity and make the shares more accessible to retail investors.

Equity shares sub-divided from a face value of Rs. 10 to Rs. 2 (1:5 ratio).
Total paid-up share capital increased to 19,67,95,650 shares from 3,93,59,130 shares.
Authorized share capital adjusted to 75,00,00,000 shares of Rs. 2 each.
New ISIN INE298G01035 activated following depository credit confirmations from NSDL and CDSL.

💡 Shareholders should verify their demat accounts to ensure the updated quantity of shares (5x the original holding) is reflected. Note that while the number of shares has increased, the total investment value remains unchanged as the stock price adjusts proportionally.

Ajmera Realty to Host Q3 & 9M FY26 Earnings Call on January 29, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 19 Jan 2026, 07:16 PM

Ajmera Realty & Infra India Limited has scheduled its earnings conference call for January 29, 2026, at 3:45 PM IST to discuss financial results for the quarter and nine months ended December 31, 2025. The call follows the board meeting set for the same day to approve the unaudited standalone and consolidated financial statements. Key management, including Director Dhaval Ajmera and CFO Nitin Bavisi, will lead the discussion and address investor queries. This event is a standard procedure for the company to provide transparency on its operational and financial performance.

Earnings call scheduled for January 29, 2026, at 3:45 PM IST following the board meeting.
Discussion will focus on Unaudited Standalone and Consolidated results for Q3 and 9M FY26.
Management representation includes Mr. Dhaval Ajmera (Director) and Mr. Nitin Bavisi (CFO).
Universal dial-in numbers provided are +91 22 6280 1223 and +91 22 7115 8124.
The company maintains a legacy of over 55 years in residential and commercial real estate development.

💡 Investors should track the financial results released on January 29 for updates on sales bookings and project completion timelines. The earnings call will be crucial for understanding the management's outlook on the Mumbai real estate market.

Ajmera Realty Q3 Sales Surge 123% to ₹603 Cr; 9M Sales Hit Record ₹1,431 Cr

🟢 POSITIVE ⭐ 8/10

OTHER 📅 14 Jan 2026, 12:03 PM

Ajmera Realty reported a stellar Q3 FY26 with sales value jumping 123% YoY to ₹603 crore, driven by the successful launch of Ajmera Solis in Vikhroli. For the nine-month period (9M FY26), the company achieved its highest-ever sales of ₹1,431 crore, representing 72% YoY growth. Collections also saw a significant boost, nearly doubling in Q3 to ₹333 crore, which enhances cash flow visibility. With 9M sales already reaching approximately 89% of the annual target, the company is well-positioned to exceed its ₹1,600 crore guidance for FY26.

Q3 FY26 sales value grew 123% YoY to ₹603 crore, while sales area increased 59% to 2,62,975 sq. ft.
9M FY26 sales reached a record ₹1,431 crore, a 72% increase compared to the previous year.
Collections for Q3 FY26 nearly doubled to ₹333 crore, providing strong liquidity for future projects.
The Ajmera Solis launch saw 84% inventory absorption immediately after launch, validating the asset-light strategy.
Management expects to outperform the annual sales guidance of ₹1,600 crore based on current momentum.

💡 Investors should view this as a strong growth signal, as the company is likely to exceed its annual guidance and shows robust execution. Monitor the upcoming full financial results for margin performance and debt reduction progress.

View All AJMERA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Group primarily operates in the Real Estate segment, which achieved a revenue of INR 481 Cr in H1 FY26, representing a 20% YoY growth compared to H1 FY25. This growth was driven by strong sales traction and project execution.

Geographic Revenue Split

Operations are highly concentrated in the micro-markets of Mumbai and Bangalore. While specific percentage splits per city are not provided, the company identifies this concentration as a key risk factor, as any regional slowdown directly impacts the total top line.

Profitability Margins

EBITDA and PAT margins remained stable in Q2 FY26 despite participating revenue from relatively lower-margin projects. Management expects upward margin traction in coming quarters as high-margin presales from projects like 'Manhattan' begin to be recognized in the revenue stream.

EBITDA Margin

Core profitability is expected to improve from current stable levels. The company reported a 20% YoY revenue growth in H1 FY26, and the transition toward high-margin premium projects is projected to drive EBITDA margin expansion beyond the historical baseline.

Capital Expenditure

The company has planned a massive expansion with a total project cost of INR 4,723 Cr for launching approximately 22 lakh sq. ft. of area in FY26. This represents a significant scale-up in investment compared to previous years.

Credit Rating & Borrowing

The company's debt to adjusted Cash Flow from Operations (CFO) was high at 3.97 times for fiscal 2024. Borrowing costs are moderate, with an adjusted CFO to interest ratio of 2.87 times. The company plans to fund new projects with additional debt of INR 1,348 Cr.

⚙️ Operational Drivers

Raw Materials

Key construction inputs include steel, cement, sand, and labor. While specific cost breakdowns are not listed, construction costs for ongoing projects are funded by debt at a level of approximately 96%.

Import Sources

Not disclosed in available documents; however, materials are typically sourced locally within India to support projects in Mumbai and Bangalore.

Capacity Expansion

The company has completed 155 projects totaling 20.3 million sq. ft. Current expansion plans include launching 22 lakh sq. ft. in FY26, which will increase the active development pipeline significantly.

Raw Material Costs

Construction costs represent a major portion of the project cost. For ongoing projects, cumulative construction costs reached a level where debt represents 28% of the total cost as of March 31, 2025.

Manufacturing Efficiency

Efficiency is measured by sales velocity and construction milestones. For example, Ajmera Eden achieved 98% sales upon structural completion, and Ajmera Greenfinity reached 74% sales with structural work nearly finished.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be achieved through a robust launch pipeline of 22 lakh sq. ft. in FY26, focusing on high-margin premium projects in Mumbai and mid-market housing in Bangalore. The company is also leveraging redevelopment opportunities, such as the Vihara Bhandup project (81% sold).

Products & Services

Residential apartments ranging from mid-segment housing (e.g., Lugaano, Florenza) to premium residential skyscrapers (e.g., Manhattan, Eden).

Brand Portfolio

Ajmera Realty, Ajmera Greenfinity, Ajmera Eden, Ajmera Vihara, Ajmera Iris, Ajmera Marina, Ajmera Manhattan.

New Products/Services

Recent launches include Ajmera Iris and Ajmera Marina (launched Q4 FY25), which have already achieved 70% and 68% sales respectively, contributing to the INR 828 Cr H1 FY26 sales value.

Market Expansion

The company is deepening its presence in its core markets of Mumbai and Bangalore, with 22 lakh sq. ft. of new launches planned for FY26 to capture demand in premium and mid-market segments.

Strategic Alliances

The Group operates through various subsidiaries, joint ventures, and associates to execute large-scale real estate developments.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward premiumization and branded developers. Ajmera is positioning itself by launching premium projects and maintaining a 'Built on Trust' brand image to capture 81% sell-out rates in 24 hours.

Competitive Landscape

Operates in a highly fragmented market with intense competition from both local and national developers in the Mumbai and Bangalore micro-markets.

Competitive Moat

The moat is built on a 50-year legacy, brand trust, and a strong execution track record (155 projects). This allows for high sales velocity (e.g., 98% sold in Ajmera Eden) even before project completion.

Macro Economic Sensitivity

Highly sensitive to interest rates and urban housing demand. Real estate cyclicality and volatile prices are cited as inherent industry risks that impact project viability.

Consumer Behavior

There is a strong trend toward mid-to-premium residential units with modern amenities, evidenced by the robust demand for the company's recent launches in Bangalore and Mumbai.

Geopolitical Risks

Primary risks are domestic, related to Indian regulatory changes and regional economic shifts in Maharashtra and Karnataka.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to RERA (Real Estate Regulatory Authority) norms, local municipal building codes in Mumbai and Bangalore, and environmental clearances for large-scale constructions.

Environmental Compliance

The company maintains an ESG framework, including insurance renewals and health checkups, though specific compliance costs in INR are not disclosed.

Taxation Policy Impact

The company accounts for current tax liabilities (INR 12.70 Lakhs as of March 2025) and follows Ind AS for financial reporting.

Legal Contingencies

The company discloses contingent liabilities in its financial notes, though specific aggregate values for pending court cases were not detailed in the provided snippets.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the timely collection of sales advances to service high debt obligations. Failure to meet sales targets for the 22 lakh sq. ft. FY26 launch pipeline could lead to liquidity stress.

Geographic Concentration Risk

Approximately 100% of operations are concentrated in Mumbai and Bangalore, making the company vulnerable to regional regulatory changes or economic downturns in these two cities.