Ajmera Realty Reports Strong FY26 Performance With 46% Revenue Growth

Revenue rose to Rs 1,090 crore in FY26 from Rs 738 crore in FY25; PAT grew to Rs 157 crore.

Reader Takeaway: Robust pre-sales growth and debt reduction indicate operational strength, though execution of the large pipeline remains key.

What just happened

Ajmera Realty & Infra India reported a strong fiscal year 2026, with revenue climbing 46% to Rs 1,090 crore. Profit After Tax (PAT) stood at Rs 157 crore, reflecting a 24% year-on-year increase. The company achieved record pre-sales of Rs 1,701 crore, marking a 57% jump, while collections rose 71% to Rs 1,103 crore.

Why this matters

The company has successfully shifted toward an asset-light growth model, reflected in the addition of five new projects with a Gross Development Value (GDV) of Rs 2,433 crore. Improved financial discipline saw the debt-to-equity ratio decrease to 0.53x, lowering interest risks and strengthening the balance sheet for future capital allocation.

Future Growth & Guidance

Management has issued a pre-sales target of Rs 2,200 crore for FY27. The company holds a significant development pipeline with an estimated GDV of Rs 6,508 crore across key markets like Mumbai, Pune, and Bengaluru. The Wadala portfolio remains a long-term anchor, with a potential GDV of Rs 17,841 crore expected to be unlocked over the next four years.

Corporate Actions

The Board of Directors has recommended a final dividend of Rs 1 per equity share. Additionally, the company announced the re-appointment of Manoj I. Ajmera as Managing Director and Sanjay C. Ajmera as Whole-time Director. Dhaval R. Ajmera has been appointed as Director – Corporate Affairs, effective October 2026.

What to track next

Investors should closely watch the actual execution speed of the FY27 project launches and monitor how the integration of new asset-light projects impacts operating margins in the coming quarters.