Ajmera Realty & Infra records 7% growth in Sales Bookings, reaches Rs. 270 crores

Ajmera Realty's share price surged by 4.17% on Thursday, January 9, 2025, reaching an intraday high of Rs 1,193.30. The rise followed the company's announcement of its operational results for the December quarter of FY25 (Q3FY25).

In a statement, Ajmera Realty highlighted its steady performance in Q3, attributed to projects nearing completion with limited available inventory and recent launches.

The company’s sales value increased 7% year-over-year to Rs 270 crore, driven by the successful launch of Ajmera Iris in Bengaluru.

The recently launched Ajmera Iris project recorded 47% sales, while Ajmera Vihara achieved a 61% sales rate during the first nine months of FY25.

Additionally, the company’s collections rose 10% year-over-year to Rs 167 crore.

"Ajmera Realty delivered a solid performance in Q3FY25, with sales driven by our new project launches and limited inventory across ongoing developments. He added that over 40% of sales during the nine-month period came from the launched portfolio, reflecting the company’s ability to meet market demand. Looking ahead, the firm is optimistic about upcoming project launches and is well-capitalized following the recent completion of a preference issue." said Dhaval Ajmera, Director of Ajmera Realty & Infra India.

With a significant land bank at Ajmera I-Land in Bhakti Park, Wadala, and Central Mumbai, the company is well-positioned for substantial growth and expansion. In Mumbai, its ongoing projects include "Manhattan," "Greenfinity," "Vihara," "Prive," and "Eden." Meanwhile, in Bengaluru, the company is developing "Ajmera Lugaano" and "Ajmera Florenza."