Ajmera Realty & Infra India has reported net consolidated profit after tax (PAT) of Rs 34.18 crore in the quarter ended September 30, 2022. It had registered PAT of Rs 11.43 crore in the corresponding quarter of the previous year, the company said in a BSE filing.
The company’s net consolidated income stood at Rs 187.14 crore in Q2 FY23, a growth of 86.99 per cent from Rs 100.08 crore it recorded in the similar quarter last year.
Its sales value was up 83% year-on-year (YoY) and stood at Rs 166 crore, sales volume was up 49% YoY at 79,976 sq ft
Dhaval Ajmera, director of the company said, “The company delivered yet another successful half year performance with a Sales Value of Rs 566 crore which is up 181% YoY, surpassing annual sales value of Rs 431 crore that we recorded in the previous fiscal. Our collection momentum remains strong reflecting a 44% YoY growth. The sales momentum also carried through to the bottom line with the PAT & PAT Margin at INR 46 crore and 19% which also surpassed the FY 22 levels. We remain confident of our launch pipeline of one million sq ft with estimated revenue potential of around Rs 2,200 crore over the next 18 months.”
The weighted average cost of debt as on September 30, 2022 stands at 12.6% while debt to equity ratio stood at 1.11.