Ajmera Realty & Infra reported five-fold jump in consolidated net profit at Rs 10.26 crore for the first quarter of the financial year 2021-22, the company said in a BSE filing. It had recorded a net profit of Rs 2.10 crore in the corresponding quarter previous year.
The company’s total income rose to Rs 135.27 crore in Q1 FY22 from Rs 40.16 crore it had registered in the similar quarter last year, according to a regulatory filing.
Total secured loans on the projects reduced by Rs 46 crore in Q1 FY22 to Rs 699 crore and thereby ratio of secured loans to networth stands at 1.03 times, it said.
Ajmera Realty & Infra India’s (ARIIL) propossal to demerge 6.5 acres of commercial undertaking project at Ajmera i-land, Bhakti Park, Wadala from ARIIL into its wholly owned subsidiary viz. Radha Raman Dev Ventures (RRDVPL) is pending for NCLT approval, the company informed.