Ajmera Realty's Net Profit Soars 58.26% in Q2 FY25
Ajmera Realty & Infra India has reported a significant growth in its net profit and total income for the second quarter of the financial year 2024-25. The company's robust pipeline and strategic investments are key drivers of its success.
Ajmera RealtyReal EstateQ2 Fy25Net ProfitGrowthReal Estate NewsOct 28, 2024
The company's net consolidated total income also showed a substantial increase, reaching Rs 204.12 crore in Q2 FY25, a growth of 38.30% from Rs 147.59 crore recorded in the same period last year.
Dhaval Ajmera, the director of the company, stated, 'A robust pipeline comprising seven projects with a gross development value (GDV) of Rs 4,270 crore is set to launch in the second half of FY25.' This strong project pipeline is expected to drive further growth and strengthen the company's market position.
In the first half of FY25, the company's sales value grew by 18% to Rs 560 crore from Rs 476 crore in H1 FY24. Additionally, collections saw a significant 34% growth in H1 FY25, reaching Rs 298 crore from Rs 222 crore in H1 FY24. These positive financial metrics reflect the company's strong operational performance and market demand for its projects.
Ajmera Realty has also made strategic moves in the capital market. The company successfully raised Rs 225 crore through a preferential allotment of equity shares, onboarding marquee investors in the process. Furthermore, it closed its maiden private equity deal with a domestic institutional investor, further solidifying its financial foundation.
Looking ahead, Ajmera Realty & Infra India is well-positioned to capitalize on the growing real estate market in India. With a strong project pipeline and solid financials, the company is poised for continued growth and success in the coming quarters.
Frequently Asked Questions
What is the percentage growth in Ajmera Realty's net profit in Q2 FY25?
Ajmera Realty's net profit grew by 58.26% in Q2 FY25.
What is Ajmera Realty's net consolidated total income in Q2 FY25?
Ajmera Realty's net consolidated total income in Q2 FY25 was Rs 204.12 crore.
What is the gross development value (GDV) of the projects set to launch in the second half of FY25?
The gross development value (GDV) of the projects set to launch in the second half of FY25 is Rs 4,270 crore.
How much did Ajmera Realty's sales value grow in H1 FY25?
Ajmera Realty's sales value grew by 18% in H1 FY25, reaching Rs 560 crore from Rs 476 crore in H1 FY24.
How much equity did Ajmera Realty raise through preferential allotment?
Ajmera Realty raised Rs 225 crore through a preferential allotment of equity shares.
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