Ajmera Realty & Infra India has reported a growth of 58.26 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax (before non controlling stakes) stood at Rs 36.29 crore as against Rs 22.93 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 204.12 crore in Q2 FY25, a growth of 38.30 per cent from Rs 147.59 crore it recorded in the similar quarter last year.
Dhaval Ajmera, director of the company said, “A robust pipeline comprising seven projects with a gross development value (GDV) of Rs 4,270 crore is set to launch in second half of FY25.”Its sales value grew by 18% in H1 FY25 to Rs 560 crore from Rs 476 crore in H1 FY24 while collections saw 34% growth in H1 FY25 to Rs 298 crore from Rs 222 crore in H1 FY24.
The company has on boarded marquee investors in its equity raise of Rs 225 crore on preferential allotment basis and closed its maiden private equity deal with domestic institutional investor.
