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Ajmera Realty & Infra India announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Sales Value grew by an impressive twofold in Q4FY24, surging to Rs 287 crore from Rs 140 crore in Q4FY23.
- Collections remained robust in Q4FY24 with a 91% YoY growth, surging to Rs 197 crore from Rs 103 crore in Q4FY23.
- Total Revenue in Q4FY24 grew by 99% on YoY basis to Rs 234 crore from Rs 118 crore in Q4FY23.
- PAT in Q4FY24 grew by 90% on a YoY basis to Rs 29 crore as compared to Rs 15 crore in Q4FY23.
- Debt-equity ratio being 0.90:1 as against 0.94:1 as at Q3FY24 & 1.00:1 at the end of the Q4FY23.
FY24 Financial Highlights:
- For FY24, Sales Value was Rs 1,017 crore, recording a 21% YoY growth.
- FY24 collections surged to Rs 197 crore from Rs 103 crore in FY23, marking a robust 91% YoY growth.
- Total Revenue in FY24 recorded a YoY growth of 61% to Rs 708 crore from Rs 441 crore in FY23.
- FY24 PAT grew by 44% YoY basis to Rs 103 crore from Rs 72 crore in FY23.
Commenting on the Q4 & FY24 performance, Dhaval Ajmera, Director – Ajmera Realty & Infra India said: “I’m pleased to announce that FY24 marked a structural shift in our company’s illustrious history, with many major milestones being achieved. Ajmera Realty recorded its robust annual topline of Rs 700 crore and a bottomline of Rs 100 crore. The pre-sales for the company clocked over Rs 1,000 crore which is remarkable despite the higher base effect. Looking ahead, we are more confident than ever of achieving our strategic vision of 5x growth, considering our exceptionally strong pipeline of launches, project additions, managing leverage despite growth momentum; we hereby are taking a leap ahead with our guidance for FY25E with a 33% growth in Pre-Sales.”
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