Ajmera Realty & Infra India Ltd
Operations update for the quarter and financial year ended March 31, 2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 10 Apr 2026, 11:21 AM IST · BSE ID: e506e02f-6110-446e-bcbe-625cddcc4636
View Original BSE Filing (PDF)
💡
In Simple Terms
Ajmera Realty's sales and cash collection both hit record highs in FY26, with sales jumping 57% and collection surging 71% compared to last year.
🤖 AI Summary
- FY26 pre-sales hit INR 1,701 Cr, up 57% YoY; company record high
- Collections reached INR 1,103 Cr in FY26, up 71% YoY; highest ever annual collection
- Sales area: 6,60,246 sq. ft., up 11% YoY; four projects launched with INR 3,088 Cr estimated GDV
- Three projects obtained Occupation Certificates; new launches drove 82% of sales value contribution
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Pre-Sales (Sales Value)
INR 1,701 Cr
57%
FY26 Collections
INR 1,103 Cr
71%
FY26 Sales Area
6,60,246 sq. ft.
11%
Q4 FY26 Carpet Area Sold
1,04,742 sq. ft.
-44%
Q4 FY26 Sales Value
INR 270 Cr
-55% (QoQ)
FY26 New Project Launches — Estimated GDV
INR 3,088 Cr
New Project Contribution to FY26 Sales Value
82%
🏢 How This Affects the Company
Pre-sales of INR 1,701 Cr and 57% YoY growth establish a new sales baseline. Four project launches with INR 3,088 Cr estimated GDV and 82% contribution from new projects validate the company's expansion strategy and ensure sustained sales pipeline.
Collections reached INR 1,103 Cr, up 71% YoY, representing accelerated cash inflow and improved working capital position. Strong collection-to-sales ratio (65% of pre-sales converted to cash) demonstrates effective project execution and customer payment discipline.
Completion of Occupation Certificates for three projects (Ajmera Eden, Ajmera Prive, Ajmera Lugaano & Florenza) confirms accelerated project execution. Q4 FY26 carpet area sold declined 44% YoY and 60% QoQ, indicating front-loading of sales in earlier quarters.
Q4 FY26 carpet area sold fell 44% YoY to 1,04,742 sq. ft., and sales value dropped 55% QoQ to INR 270 Cr, signaling volatility in quarterly execution and potential reliance on project launch timing for revenue recognition.
👥 What This Means For Shareholders
✅
Action Required
No action required. Review company investor relations website for detailed segment and geography breakup; watch for dividend declaration in Q1 FY27.
👤
Who Is Affected
All equity shareholders benefit from record collections (INR 1,103 Cr) and accelerated cash generation, improving distributable cash available for dividends or debt reduction.
🔍
Management Signal
Company prioritizes accelerated execution and cash-flow generation while maintaining asset-light strategy. Director commentary emphasizes FY26 as 'new baseline' for growth, signaling confidence in sustaining 57%+ pre-sales growth trajectory.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 operational update — confirm if new project sales momentum sustains above INR 400 Cr quarterly run-rate
Dividend announcement — track timing and payout ratio as company targets prudent capital allocation
Project execution updates — monitor Occupation Certificate completions for Manhattan 2, 33Fifteen, Solis, Vann
MEDIUM RISK
Q4 FY26 carpet area fell 44% YoY; sales value dropped 55% QoQ, indicating execution lumpiness and reliance on project launch timing. Business concentrated on new projects (82% contribution); execution risk on four launches critical.
💡 Investor Takeaway
FY26 pre-sales reached INR 1,701 Cr (57% YoY growth) and collections hit INR 1,103 Cr (71% growth). Four projects launched with INR 3,088 Cr estimated GDV; new launches drove 82% of sales. Company outperformed FY26 guidance. Collections represent 65% of pre-sales conversion, confirming execution pace.
⚖️ Strengths & Concerns
✅ Positives
- FY26 collections of INR 1,103 Cr up 71% YoY demonstrate strong cash generation and accelerated project delivery execution.
- New project launches contributed 82% of FY26 sales value; four launches with INR 3,088 Cr estimated GDV confirm robust market absorption and product-market fit.
⚠️ Concerns
- Q4 FY26 carpet area sold declined 44% YoY to 1,04,742 sq. ft.; sales value fell 55% QoQ, indicating severe quarterly volatility.
- Q4 FY26 sales value of INR 270 Cr represents a 55% drop from Q3 FY26, suggesting concentration of sales in earlier quarters and execution lumpiness.
📅 Company Track Record
Ajmera Realty founded 1968; over 50 years operating history. Filed first BSE operational update April 10, 2026. Company claims 100+ projects delivered covering 20+ million sq. ft., serving 46,000+ customers across pan-India presence. No prior quarterly filings available for trend analysis.
Based on publicly available historical data. For context only.