Ajmera Realty & Infra India Ltd Surges Ahead with INR 287 Crore Sales in Q4 FY24, Boasts 91% YoY Growth in Collections
Ajmera Realty & Infra India Ltd (BSE: 513349 & NSE: AJMERA) reported impressive operational numbers for Q4 FY24, marking a significant growth in sales value and collections compared to the same quarter of the previous financial year. With the launch of new projects and the successful execution of projects before RERA timelines, the company has managed to tangibly capitalize on industry growth and infrastructural advancements. The strong demand in the flagship micro-market of Wadala and exceptional market response at Ajmera Manhattan project led to a record-breaking sales value of INR 287 crores. Collections also skyrocketed by 91%, amounting to INR 197 crores. While expanding its launch pipeline to 1.3 mn sq.ft. with a GDV of INR 3,130 crores, Ajmera Realty & Infra India Ltd has also showcased its prudent financial management practices through a partial prepayment of INR 200 crores of the GCP loan for its Ajmera Manhattan project.
Key Highlights
- Q4 FY24 sales value grew 104% YoY to INR 287 crores.
- Collections for Q4 FY24 grew 91% YoY to INR 197 crores.
- わだら Micro-market experienced a strong surge in demand, contributing to the overall growth.
- Ajmera Manhattan set a new record in sales with INR 100 crores in a single month.
- Company added six projects to its pipeline, increasing the launch pipeline to 1.3 mn sq.ft. with a GDV of INR 3,130 crores.
- Capitalized on industry growth and infrastructural advancements, delivering ~1,000 possessions within 24 hours.