Ajmera Realty’s Q2 profit dips 14% but revenue climbs on new project launches
Ajmera Realty and Infra has reported a 14% year-on-year decline in consolidated net profit for the second quarter of the fiscal year 2026, with profits standing at Rs 30.37 crore. Despite this, the company has shown resilience with a strong project pipeline and plans for future growth.
Ajmera Realty launched two significant real estate projects in the quarter - Ajmera Manhattan 2 and Thirty3.15 - with a combined gross development value (GDV) of Rs 2,100 crore. The company's revenue from operations also grew by 10% year-on-year to Rs 219 crore in Q2 FY26.
Looking ahead, Ajmera Realty has a robust real estate project pipeline worth Rs 4,357 crore across seven projects. The development potential in Wadala alone is projected to generate a topline sales value of over Rs 12,000 crore. In the second half of the fiscal year, the company plans to launch two more real estate projects - Ajmera Skyvillas and Ajmera Urbania - with an anticipated total sales value of approximately Rs 1,200 crore. Additionally, Ajmera Realty aims to launch a boutique office space with an estimated GDV of Rs 1,800 crore in the second half of the fiscal year.
The company's total expenditure for Q2 FY26 declined by Rs 6.85 crore year-on-year and over Rs 27 crore quarter-on-quarter. Despite the net profit decline, Ajmera Realty's debt-to-equity ratio remains at a manageable 0.55 times.
Ajmera Realty's Q2 FY26 results show a mixed bag of outcomes, with a decline in net profit but growth in revenue and a strong real estate project pipeline. The company's strategic plans for the remainder of the fiscal year, including new real estate project launches and office space developments, indicate a commitment to growth and expansion in the real estate sector.
