Ajmera Realty
Ajmera Realty Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Sales value has shown strong growth, with highest-ever quarterly sales reaching INR 720 crores (48% Y-o-Y growth) and sales volume growing 20% Y-o-Y in H1 FY '26. Ajmera Realty expects strong growth in sales and revenue driven by a robust launch pipeline valued around INR 4,300 crores across seven upcoming projects.
From Ajmera Realty's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Sales value has shown strong growth, with highest-ever quarterly sales reaching INR 720 crores (48% Y-o-Y growth) and sales volume growing 20% Y-o-Y in H1 FY '26.
- Upcoming launches expected to drive growth, with seven projects totaling INR 4,357 crores GDV in the pipeline.
- Existing projects like Manhattan, Vikhroli, and Bangalore launches are expected to sustain sales momentum.
- Revenue visibility stands robust at around INR 8,000 crores, comprising committed sales (INR 1,582 crores) and inventory sales potential.
- Cash flow from ongoing projects and new launches estimated at around INR 1,526 crores and INR 1,016 crores respectively over the next 4-5 years.
- Confident of achieving sales guidance for the year with steady project launches and execution.
- Margin improvement anticipated as higher-margin projects like Manhattan contribute more revenue in coming quarters.
Profitability & Margins
See what Ajmera Realty said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ajmera Realty is actively working on multiple projects with a combined GDV of around INR 8,000 crores planned over the next 3-4 years, reflecting significant future capital deployment.
- The company is gearing up for aggressive launches, with about six to seven projects expected to be launched soon, including Vikhroli, Versova, Bangalore, Wadala office, Kanjurmarg, Shastri Nagar, and Ghatkopar.
- Investment in building a 7-acre podium in the Manhattan project involving four buildings, with podium construction costs roughly INR 2,500 to 3,000 per square foot, including amenities and mechanical services.
- Ongoing efforts are made in acquiring regulatory approvals for various projects.
- Ajmera has investments overseas (Bahrain and UK) with ongoing monetization and repatriation expected.
- The company is bidding for 30-40 societies for redevelopment, indicating strategic investment in slum/society redevelopment projects.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ajmera Realty said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Ajmera Realty & Infra India Limited's revenue visibility (order book equivalent) stands robust at around INR 8,000 crores.
- This includes INR 3,599 crores from committed sales and ongoing projects.
- Upcoming launch pipeline contributes approximately INR 4,357 crores GDV from seven projects.
- The committed sales component features INR 1,582 crores from confirmed sales and over INR 2,000 crores from available inventory across projects.
- The company is actively working on project additions with about Rs. 3,000+ crores of revenue targets from 2-3 land parcels under negotiation.
- Cash flow from ongoing projects is INR 1,526 crores expected over the next 2-4 years.
- Additional cash flow of around INR 1,000 crores expected from pipeline projects over 4.5 to 5 years.
- Management is bidding for 30-40 redevelopment projects, indicating growth in future orders.
- Regulatory approvals for multiple projects (Vikhroli, Versova, Kanjurmarg) are in advanced or processing stages.
Ajmera Realty — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹431 Cr, net profit ₹59 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ajmera Realty & Infra India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ajmera Realty Q2 FY26 results?
Sales value has shown strong growth, with highest-ever quarterly sales reaching INR 720 crores (48% Y-o-Y growth) and sales volume growing 20% Y-o-Y in H1 FY '26. Ajmera Realty expects strong growth in sales and revenue driven by a robust launch pipeline valued around INR 4,300 crores across seven upcoming projects.
What is Ajmera Realty share price analysis?
Ajmera Realty currently shows a neutral. The stock trades at a P/E of 15.1 with a market cap of ₹2,327 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ajmera Realty planning capital expenditure?
Ajmera Realty is actively working on multiple projects with a combined GDV of around INR 8,000 crores planned over the next 3-4 years, reflecting significant future capital deployment.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.