Ajmera Realty FY26 Results: Record Presales of ₹1,701 Crore, Profit at ₹157 Crore

Ajmera Realty & Infra India Ltd announced its financial results for FY26, reporting a consolidated net profit of ₹157 crore. The company achieved record annual presales amounting to ₹1,701 crore and collections of ₹1,103 crore.

Reader Takeaway: Strong presales and healthy balance sheet, but Kanjurmarg project launch faces regulatory timeline.

What just happened

Ajmera Realty reported a consolidated Net Profit After Tax (PAT) of ₹157 crore for the fiscal year 2026. The company achieved a record ₹1,701 crore in presales and ₹1,103 crore in collections during the same period. Total sales revenue stood at ₹1,098 crore, with EBITDA at ₹306 crore.

Why this matters

The record presales demonstrate strong market demand and the company's execution capabilities. The profit figure provides insight into profitability, while collections indicate healthy cash flow. A debt-to-equity ratio of 0.53x as of March 31, 2026, suggests a strengthened balance sheet.

The backstory

The company's strategy includes an asset-light business development model. In FY26, Ajmera Realty undertook ₹2,433 crore worth of projects across five developments. The total potential revenue pipeline stands at ₹10,432 crore, with a significant ₹6,324 crore earmarked for FY27.

What changes now

Ajmera Realty is focused on upcoming launches, including a significant project in Kanjurmarg, which is currently undergoing regulatory conversion to freehold status. The company is targeting a H2 launch for this project, pending approvals.

Risks to watch

Key watch points include the timeline for the Kanjurmarg project launch, which is dependent on regulatory clearances. Increased competition in micro-markets like Wadala could impact sales velocity. Management also noted a conservative approach to gearing, targeting a move towards 1.0x in FY27 to accommodate expansion plans.

Peer comparison

While direct peer financial data for FY26 was not provided in the filing, Ajmera Realty's presales performance of ₹1,701 crore positions it within the competitive landscape of Indian real estate developers. The company is navigating competition, for instance, from Raymond in the Wadala micro-market, by emphasizing its township model and amenities.

Context metrics (time-bound)

• Presales (FY26): ₹1,701 crore
• Collections (FY26): ₹1,103 crore
• Total Sales Revenue (FY26): ₹1,098 crore
• Net Profit (PAT) (FY26): ₹157 crore
• EBITDA (FY26): ₹306 crore
• Total Debt (Mar 31, 2026): ₹737 crore
• Debt-to-Equity Ratio (Mar 31, 2026): 0.53x
• Revenue Visibility (Total): ₹10,432 crore
• Revenue Pipeline (FY27): ₹6,324 crore

What to track next

Investors will be keen to monitor the progress of regulatory approvals for the Kanjurmarg project and its subsequent launch. Tracking the company's ability to achieve its aggressive FY27 presales target of ₹2,200 crore will also be crucial. The company's gearing strategy and its impact on the balance sheet will be important to observe.