![Ajmera Realty Q4 Results: Net profit jumps 44% YoY to Rs 103 crore; sales value sees two-fold jump](https://img.etimg.com/thumb/msid-109985023,width-210,height-158,imgsize-36790,resizemode-75/ajmera-realty-q4-results-net-profit-jumps-44-yoy-to-rs-103-crore-sales-value-sees-two-fold-jump.jpg)
The company’s sales value grew two-fold during the quarter to Rs 287 crore taking its financial year performance to Rs 1,017 crore, up 21%.
Total revenue in March quarter grew by 99% on-year to Rs 234 crore, while 2023-24 recorded 61% rise to Rs 708 crore.
“Ajmera Realty recorded its robust annual topline of over Rs 700 crore and a bottomline of over 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 strong pipeline of launches, project additions, managing leverage despite growth momentum,” said Dhaval Ajmera, Director – Ajmera Realty & Infra India
The company has provided guidance of a 33% growth in pre-sales during the financial year 2024-25.
The developer’s collections remained robust in the fourth quarter with a 91% on-year growth, surging to Rs 197 crore. The developer’s debt-equity ratio stood at 0.90:1 as against 1.00:1 at the end of the 2022-23.
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