Ajmera posts strong growth numbers

Ajmera Realty & Infra India Ltd on May 25 announced its Q4FY21 and FY21 financial results reporting strong growth numbers.

For the FY2021, the company has reported substantial growth in value of sales enhancing the company’s liquidity position. The increase is the result of ready-to-move-in homes with OC coupled with stamp duty concession and record low housing loan interest rate, said a press release.

The key regions of Mumbai, Bengaluru and Ahmedabad reported healthy numbers defying the industry challenges faced by the pandemic-affected world, it said.

According to the release, despite COVID-19 challenges during the entire financial year, the company has been able to achieve similar performance on key financial parameters for FY21:

• Revenues at Rs. 352 cr.
• EBITDA at Rs 101 cr.
• PBT at Rs. 41 cr.
• PAT at Rs. 31 cr.

The company’s total debt for the FY 2021 has reduced significantly ahead of its repayment schedule due to sales collection on robust sales.

Commenting on the Q4FY21 & FY21 performance, Dhaval Ajmera, Director, Ajmera Realty & Infra India Limited, said, “The result highlights robustness of our business model to sustain profitability even at difficult times and scale through unprecedented event such as COVID-19 and subsequent lockdowns. Despite the challenging scenario, we have been able to register growth in sales value and number of units sold during the year. We shall continue our endeavor towards creating value for all stakeholders and initiating measures for the safety of all our employees and their families.”