Date: August 04, 2026

Financial Performance Summary

Revenue and Profitability

  • Total Revenue: INR 319.5 Cr in Q1FY27, up 23% YoY from INR 259.6 Cr in Q1FY26
  • EBITDA: INR 93.8 Cr in Q1FY27, up 18% YoY from INR 79.3 Cr in Q1FY26
  • EBITDA Margin: 29% in Q1FY27, declined 120 bps from 31% in Q1FY26
  • PBT: INR 62.0 Cr in Q1FY27, up 8% YoY from INR 57.2 Cr in Q1FY26
  • PBT Margin: 19% in Q1FY27, declined 262 bps from 22% in Q1FY26
  • PAT: INR 44.9 Cr in Q1FY27, up 14% YoY from INR 39.4 Cr in Q1FY26
  • PAT Margin: 14% in Q1FY27, declined 113 bps from 15% in Q1FY26
  • EPS: INR 2.2 in Q1FY27, up 12% YoY from INR 1.9 in Q1FY26

Quarterly Comparison (QoQ)

  • Total Revenue decreased 26% from INR 433.9 Cr in Q4FY26
  • EBITDA decreased 15% from INR 109.9 Cr in Q4FY26
  • EBITDA Margin improved 404 bps from 25% in Q4FY26
  • PBT decreased 29% from INR 86.9 Cr in Q4FY26
  • PBT Margin declined 62 bps from 20% in Q4FY26
  • PAT decreased 23% from INR 58.5 Cr in Q4FY26
  • PAT Margin improved 57 bps from 13% in Q4FY26
  • EPS decreased 23% from INR 2.8 in Q4FY26

Operational Highlights

Sales and Collection Metrics

  • Carpet area sold: 43,737 sq. ft. in Q1FY27, down 31% YoY from 63,244 sq. ft. in Q1FY26
  • Carpet area sold: 43,737 sq. ft. in Q1FY27, down 58% from 1,04,742 sq. ft. in Q4FY26
  • Sales Value: INR 146 Cr in Q1FY27, up 35% YoY from INR 108 Cr in Q1FY26
  • Sales Value: INR 146 Cr in Q1FY27, down 46% from INR 270 Cr in Q4FY26
  • Collection: INR 173 Cr in Q1FY27, down 26% YoY from INR 234 Cr in Q1FY26
  • Collection: INR 173 Cr in Q1FY27, down 45% from INR 316 Cr in Q4FY26

Debt and Financial Position

  • Debt reduced by INR 57 Cr from INR 737 Cr as on March 31, 2026 to INR 680 Cr as on June 30, 2026
  • Debt-to-equity ratio improved to 0.47x as on June 30, 2026
  • Debt reduction achieved through strong collection and asset monetization

Project Updates and Strategy

  • Ajmera Solis project became eligible for revenue recognition from Q1FY27 following accelerated execution progress
  • Received cashflows towards share of investment and profit from property sales during the quarter
  • Added new project in Bengaluru with estimated GDV of INR 389 Cr
  • Current launch pipeline stands at INR 6,508 crore

Management Commentary

Mr. Dhaval Ajmera, Director - Corporate Affairs, stated that the company commenced FY27 on a resilient note despite macro-economic challenges. He highlighted the 23% YoY revenue growth and improvement in both EBITDA and PAT. The successful launch of Ajmera Solis in Q3FY26 and its accelerated execution progress enabled revenue recognition from Q1FY27. Strong collections and asset monetization facilitated debt reduction of INR 57 Cr. The expansion strategy continues with the new Bengaluru project, and the company is well-positioned for continued growth with its INR 6,508 Cr launch pipeline.

Company Background

Ajmera Realty & Infra India Limited, founded in 1968, has delivered over 100 projects covering more than 20 million sq. ft. across residential, commercial, and mixed-use developments. The company holds strategic land parcels at Ajmera I-Land, Bhakti Park, Wadala, and Kanjurmarg with significant future development potential. Current projects include Ajmera Manhattan 1&2, Ajmera Greenfinity, Ajmera Vihara, 33Fifteen, Vann by Ajmera, and Ajmera Solis in Mumbai, along with Ajmera Iris and Ajmera Marina in Bengaluru.