Ajmera Realty Reports 57% Net Profit Increase in Q2 to Rs 35.35 Crore
Mumbai-based Ajmera Realty & Infra India, a prominent real estate firm, has reported a significant increase in its consolidated net profit to Rs 35.35 crore in the September quarter, marking a 57% growth compared to the same period last year. The company'
Ajmera RealtyReal EstateQuarter 2 ResultsNet ProfitFinancial PerformanceReal Estate MumbaiOct 28, 2024
Total income for the second quarter of the current fiscal rose to Rs 204.12 crore, up from Rs 147.59 crore in the same quarter last year. This significant growth in revenue underscores the company's strong market position and effective business strategies.
In addition to its financial achievements, Ajmera Realty has also raised Rs 225 crore from investors through preferential allotment. This capital infusion is expected to further strengthen the company's financial health and support its expansion plans.
Mumbai-based Ajmera Realty & Infra India is one of the leading real estate firms in the country, known for its high-quality residential and commercial projects. The company has a strong track record of delivering projects on time and within budget, which has earned it a reputation for reliability and excellence in the industry.
The impressive financial performance in the second quarter is a testament to Ajmera Realty's strategic focus and operational efficiency. The company continues to invest in new projects and explore opportunities for growth, positioning itself for sustained success in the competitive real estate market.
Looking ahead, Ajmera Realty is poised to capitalize on the robust demand in the real estate sector and further solidify its market leadership. The company's commitment to quality and customer satisfaction remains its core focus, ensuring that it continues to meet the evolving needs of its clients and stakeholders.
Information
Ajmera Realty & Infra India Limited is a prominent real estate developer based in Mumbai, India. The company has a diversified portfolio of residential, commercial, and infrastructure projects across various locations in the country. With a focus on innovation, sustainability, and customer-centric development, Ajmera Realty has established itself as a trusted name in the real estate industry. The company's strategic investments and robust project management capabilities have contributed to its consistent growth and financial success.
Frequently Asked Questions
What was Ajmera Realty's net profit in Q2 of the current fiscal year?
Ajmera Realty's net profit in Q2 of the current fiscal year was Rs 35.35 crore, a 57% increase compared to the same period last year.
How much did Ajmera Realty's total income increase in Q2?
Ajmera Realty's total income increased to Rs 204.12 crore in Q2 of the current fiscal year, up from Rs 147.59 crore in the corresponding period last year.
How much capital did Ajmera Realty raise from investors through preferential allotment?
Ajmera Realty raised Rs 225 crore from investors through preferential allotment.
What is Ajmera Realty known for in the real estate industry?
Ajmera Realty is known for its high-quality residential and commercial projects, timely delivery, and commitment to customer satisfaction. The company has a strong track record of reliability and excellence in the real estate sector.
What are Ajmera Realty's future plans based on its recent financial performance?
Based on its recent financial performance, Ajmera Realty plans to invest in new projects, explore growth opportunities, and further solidify its market leadership. The company remains focused on delivering quality and meeting the evolving needs of its clients and stakeholders.
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