Q2 2025 Ajmera Realty & Infra India Ltd Earnings Call Transcript
Key Points
- Ajmera Realty & Infra India Ltd (BOM:513349) reported a significant 38% increase in total revenue for Q2 FY25, reaching ₹204 crore.
- The company's EBITA grew by 62% year-over-year, indicating strong operational performance.
- Ajmera Realty achieved a sales value of ₹560 crore for the first half of FY25, marking an 18% year-over-year growth.
- The company has successfully sold 85% of its inventory in the Ajmera Manhattan project, with plans to launch the next phase soon.
- Ajmera Realty completed a preferential allotment of equity shares amounting to ₹225 crore, which will be used for debt reduction and growth purposes.
- The average cost of debt has increased to 12.22%, which could impact future profitability.
- Despite aggressive business development activities, the company's debt remains stable at ₹793 crore.
- The sale of land in South Mumbai, intended to reduce debt, is still under negotiation with no finalized deals.
- Repatriation of profits from international projects is delayed, with full completion expected by late 2025 or early 2026.
- The company faces challenges in launching new projects due to pending approvals and market conditions, particularly in Kanjurmarg and other areas.
Thank you.
Ladies and gentlemen, thank you for patiently holding the conference will begin shortly. Please stay connected. Do not disconnect. Thank you.
Ladies and gentlemen, good day and welcome to the Ajmera Reality and Infra India Limited Q2 and H1 FY25 earnings conference call. Please note all participants line will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Dhaval Ajmera director and Mr. Nitin Bavisi CFO from Ajmera Reality and Infra India Limited. Thank you and over to you, sir.
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Thank you. Good evening, everyone and a warm welcome to you all on behalf of the company. I would like to thank you all for participating in Ajmera Reality and Infra India
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