Ajmera Realty Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 May 2026 | Realty | Market Cap: ₹2.3K Cr
Ajmera Realty expects a presales guidance of INR 1,350 crores for FY 2025, maintaining strong sales momentum. Ajmera Realty & Infra India Limited expects sustainable margin growth supported by faster project execution and recent equity raised, which has deleveraged the balance sheet.
From Ajmera Realty's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹118
Market Cap
₹2.3K Cr
P/E Ratio
15.1
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Compare Ajmera Realty against every Realty company this quarter on revenue, margins and earnings-call signals.
Ajmera Realty — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹431 Cr, net profit ₹59 Cr.
Full financials →📊 Revenue & Sales Performance
- →Ajmera Realty expects a presales guidance of INR 1,350 crores for FY 2025, maintaining strong sales momentum.
- →Launch pipeline increased to INR 4,300 crores with six projects planned in next two quarters, targeting around 1.7 million sq ft.
- →Revenue visibility stands at INR 1,700+ crores from ongoing projects and INR 6,000+ crores overall including the launch pipeline.
- →EBITDA margins are expected to be sustainable around 33%-35% going forward.
- →Sales area for Q3 FY25 increased by 59% YoY; revenue up 27% YoY; PAT up 37% YoY indicating strong growth and efficiency.
- →New project launches in Wadala and Kanjurmarg expected in Q4 FY25 and Q1 FY26, boosting future sales.
- →Market conditions remain positive with good demand and improved liquidity projected from recent budget and RBI policies.
📈 Profitability & Margins
- →Ajmera Realty & Infra India Limited expects sustainable margin growth supported by faster project execution and recent equity raised, which has deleveraged the balance sheet.
- →Revenue visibility stands strong at over INR 6,000 crores from ongoing and pipeline projects.
- →The company anticipates maintaining EBITDA margins around 33-35%, with steady PAT margin at about 17%.
- →Presales guidance for FY 25 is INR 1,350 crores, translating into healthy top-line and EBITDA growth over 4-5 quarters post achieving project cost milestones and approvals.
- →Launch pipeline for FY 25 and FY 26 continues robust with INR 4,300 crores in upcoming project launches aimed to drive future revenue and earnings.
- →Positive sector outlook supported by government initiatives, home loan accessibility, and market liquidity is expected to contribute to continued earnings expansion.
- →Final FY 26 guidance will be shared closer to year-end, indicating ongoing efforts to optimize growth targets.
🏗️ Capital Expenditure Plans
- →Ajmera Realty is undertaking infrastructure-related work on land parcels, including laying roads and fixing boundaries, which is expected to take 6-8 months.
- →They are planning commercial projects on the Wadala land, with backend planning ongoing and discussions for joint ventures in progress.
- →Construction activity is prioritized to begin soon after necessary approvals, including environment clearances, are obtained.
- →New project launches planned include the Wadala residential project targeted for Q4 FY25 and several launches in Q1 FY26, totaling a launch pipeline of INR4,300 crores.
- →Strategic investments include potential partnerships (JVs) for certain projects to share capital and execution responsibilities.
- →The company has reduced debt by 14% (INR107 crores) post equity raise, indicating improved financial capacity for future investments.
- →Ongoing redevelopment and premium projects are being fast-tracked, indicating significant capital deployment in construction.
💰 Fundraising & Capital Structure
- →The company has recently completed an equity raise, which has helped reduce its debt by about 14% (INR107 crores) over the past 9 months.
- →The weighted average cost of debt remains stable at approximately 12.22%.
- →There is no explicit mention of any immediate or planned future fundraising through debt or equity in the provided transcript.
- →Management emphasizes leveraging improved financial health and cash flows for growth but did not indicate new fundraising plans.
- →Future capital needs or fundraising intentions may be communicated after the financial year-end, as indicated by comments about working on future guidance.
📋 Order Book & Pipeline
- →Ajmera Realty & Infra India Limited has strong revenue visibility of over INR 1,700 crores from ongoing projects with Occupation Certificates (OC) received.
- →The launch pipeline is estimated to contribute approximately INR 4,300 crores.
- →Overall, total revenue visibility exceeds INR 6,000 crores combining ongoing projects and upcoming launches.
- →Six projects are scheduled for launch in the next two quarters, collectively offering about 1.7 million sq. ft with a GDV of INR 4,300 crores.
- →The company has added projects worth INR 2,450 crores in GDV over the last 9 months, with an expected sales velocity of one million sq. ft.
- →Approvals for various projects are underway and progressing, with launches targeted in Q4 FY25 and Q1 FY26.
Key Metrics
Frequently Asked Questions
What were Ajmera Realty Q3 FY25 results?
Ajmera Realty expects a presales guidance of INR 1,350 crores for FY 2025, maintaining strong sales momentum. Ajmera Realty & Infra India Limited expects sustainable margin growth supported by faster project execution and recent equity raised, which has deleveraged the balance sheet.
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 undertaking infrastructure-related work on land parcels, including laying roads and fixing boundaries, which is expected to take 6-8 months.
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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.