Ajmera Realty & Infra India Ltd (BSE: 513349 & NSE: AJMERA), has reported a successful third quarter (Q3) for FY25, with a notable surge in sales and collections, largely attributed to its new project, Ajmera Iris in Bengaluru.
The company recorded a sales value of INR 270 crore for Q3 FY25, marking a 7% year-on-year (YoY) growth compared to INR 253 crore in Q3 FY24. The growth in sales was fueled by the successful launch of Ajmera Iris, a premium residential project in Bengaluru, which saw 47% of its inventory sold within the quarter.
Ajmera Realty’s performance in the third quarter was further reinforced by its steady collection figures, which rose by 10% YoY to INR 167 crore, up from INR 151 crore in the same period last year. This growth in collections reflects strong customer payouts, and the company’s ability to convert sales into cash flow.
The total carpet area sold during Q3 FY25 grew by 59% YoY to 1,65,116 square feet, compared to 1,03,573 square feet in Q3 FY24. The company also showed strong growth in its nine-month performance (9M FY25), with sales value increasing by 14% to INR 830 crore, up from INR 730 crore in the corresponding period of FY24. Likewise, collections for the nine-month period surged 25%, reaching INR 464 crore, compared to INR 373 crore last year.
One of the key contributors to the sales performance was the Ajmera Vihara project, which achieved 61% sales in the first nine months of FY25. The launch of new projects like Ajmera Iris and the limited inventory available in ongoing projects have been pivotal in maintaining sales momentum throughout the year.
Commenting on the company’s performance, Mr. Dhaval Ajmera, Director at Ajmera Realty & Infra India Ltd, said, “In Q3 FY25, Ajmera Realty delivered a steady performance, with sales driven by our recently launched portfolio and limited inventory availability across projects. The velocity of our launched portfolio contributed over 40% to our sales during the nine-month period, demonstrating our ability to align with market expectations.”
Looking ahead, Mr. Ajmera expressed optimism about the upcoming quarters. He highlighted that the company is well-capitalized following a recent successful preference issue and that the easing of interest rates, coupled with improved macroeconomic conditions, is expected to bolster the real estate sector. “As we progress through CY25, we anticipate robust sales growth supported by easing rates and improving market sentiment,” he added.
With an ambitious target of achieving 5x growth in the coming years, Ajmera Realty is poised to capitalize on emerging market opportunities, focusing on delivering value to stakeholders while maintaining its position as a key player in India’s real estate sector.
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