Ajmera Realty & Infra India Ltd (BOM:513349)
₹ 117.35 +0.25 (+0.21%) Market Cap: 23.09 Bil Enterprise Value: 30.25 Bil PE Ratio: 17.20 PB Ratio: 1.65 GF Score: 85/100

Q3 2025 Ajmera Realty & Infra India Ltd Earnings Call Transcript

Feb 04, 2025 / 11:30AM GMT
Release Date Price: ₹197.74 (+7.34%)

Key Points

Positve
  • Ajmera Realty & Infra India Ltd (BOM:513349) reported a significant 59% year-over-year increase in sale area for Q3 FY25, reaching over 165,000 square feet.
  • The company achieved a 7% year-over-year growth in sales value, totaling INR 270 crores for the quarter.
  • Ajmera Realty & Infra India Ltd successfully reduced its debt by 14% over the last nine months, improving the debt-equity ratio to 0.57x.
  • The company has a strong revenue visibility of over INR 6,000 crores, supported by ongoing projects and a robust launch pipeline.
  • Ajmera Realty & Infra India Ltd's EBITDA margin improved to 35% for Q3 FY25, reflecting an 11% year-over-year increase in EBITDA.
Negative
  • The launch of the Wadala project is dependent on receiving final approvals, which may delay the project beyond Q4 FY25.
  • The Kanjurmarg project is facing delays due to pending environmental clearances and other approvals.
  • The Yogi Nagar project has been removed from the upcoming projects list due to internal hurdles and consensus issues.
  • The company is experiencing slow progress on a land deal in South Mumbai, with no concrete offers yet.
  • Ajmera Realty & Infra India Ltd's presales guidance for FY25 is ambitious, and achieving it depends on timely project launches and market conditions.
Operator

Ladies and gentlemen, good evening and welcome to Ajmera Realty & Infra India Limited Q3 and nine months FY25 earnings conference call. We have with us today, Mr. Dhaval Ajmera, the Director of the company; Mr. Nitin Bavisi, the Chief Financial Officer; and Ms. Sonia Agarwal, the Senior Manager for Investor Relations. (Operator Instructions)

I now hand the conference over to Ms. Sonia Agarwal. Thank you and over to you, ma'am.

Sonia Agarwal
Ajmera Realty & Infra India Ltd - Senior Manager of Investor Relations

Thank you. Good evening, everyone, and a very warm welcome to you all. On behalf of the company, I would like to thank you all for participating in Ajmera Realty & Infra Limited earnings call for the third quarter of FY25. The call will commence with the opening remarks by Director Mr. Dhaval Ajmera, and will be followed by the business performance discussion by our CFO, Mr. Nitin Bavisi.

We have already shared the operational update of the quarter in the second week of January 2025. The investor presentation and the press

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