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Ajmera Realty’s net profit up 90.40% in Q4 FY24

Ajmera Realty & Infra India has reported a growth of 90.40 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax and minority interest stood at Rs 28.77 crore in Q4 FY24 as against Rs 15.11 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 234.08 crore in Q4 FY24, a growth of 98.71 per cent from Rs 117.80 crore it registered in the similar quarter last year.The board of directors have recommended final dividend of Rs 4 per equity share on face value of Rs 10 each for the financial year ended March 31, 2024.

The board also appointed Hemanti Prashant Sutaria an independent director of the company for the first term of five years commencing from May 11, 2024.

Sales value grew by twofold in Q4 FY24 to Rs 287 crore from Rs 140 crore in Q4 FY23, while for FY24 it was Rs 1,017 crore, recording a 21% year-on-year growth. Collections saw 91% year-on-year growth and stood at Rs 197 crore in in Q4 FY24 from Rs 103 crore in Q4 FY23.

Debt-equity ratio was 0.90:1 as against 0.94:1 as at Q3 FY24 & 1.00:1 at the end of the Q4 FY23. Its net worth stood at Rs 865.69 crore in FY24.

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