Ajmera Realty Q2 profit drops 14% to ₹30.37 crore; launches new marquee projects
Mumbai: Ajmera Realty and Infra India Ltd on Thursday reported a 14.1% year-on-year (YoY) decline in its consolidated net profit to ₹30.37 crore for the second quarter of FY26, compared with ₹35.35 crore in the same period last year.
Revenue from operations, however, rose 10% YoY to ₹219 crore from ₹199.9 crore. On a sequential basis, the company’s operational revenue dipped 15% from ₹258.4 crore in Q1 FY26, while net profit was down 21% from ₹38.28 crore.
Total expenditure during Q2 FY26 dropped by ₹6.85 crore YoY to ₹87.59 crore, and by over ₹27 crore quarter-on-quarter (QoQ) from ₹114.79 crore.
For the first half of FY26 (H1 FY26), Ajmera Realty’s revenue surged 20% YoY to ₹480.55 crore from ₹400 crore a year ago.
“The Q2 and H1 FY26 performance reinforces our commitment to disciplined growth, timely execution, and prudent financial management. We launched two marquee projects — Ajmera Manhattan 2 and Thirty3.15 — with a combined GDV of ₹2,100 crore, both receiving encouraging market response,” said Dhaval Ajmera, Director – Corporate Affairs.
He added that the company maintains a healthy balance sheet with a debt-to-equity ratio of 0.55 times, supported by strong sales momentum and collections, ensuring an optimised debt structure.
“With a project pipeline of ₹4,357 crore across seven projects and strong demand visibility, we remain focused on sustaining this growth trajectory through strategic launches, operational excellence, and financial prudence,” he noted.
According to the company’s exchange filing, the development potential of Wadala remains promising, with a projected topline sales value of over ₹12,000 crore.
Ajmera further plans to launch a boutique office space project in H2 FY26, with an estimated carpet area of over 6 lakh sq. ft and a gross development value (GDV) of ₹1,800 crore.
