Ajmera Realty Q2 FY27: Revenue up 45% to ₹320 Cr, PAT grows 55% to ₹49 Cr
Ajmera Realty reported Q2 FY27 revenue of ₹320 Cr (up 45% YoY) and PAT of ₹49 Cr (up 55% YoY). H1 FY27 revenue stood at ₹639 Cr. Sales momentum continued with ₹224 Cr in Q2 FY27. Debt reduced to ₹646 Cr, with cost of debt below 11%. Revenue visibility exceeds ₹10,500 Cr.
The announcement details significant financial growth (45% revenue, 55% PAT increase), successful deleveraging, and a substantial future revenue pipeline exceeding ₹10,500 crores. These material financial improvements and strategic outlook are expected to have a high impact on investor perception and the company's valuation.
The company reported strong year-on-year growth in revenue and profit, alongside successful debt reduction and improved cost of debt. The significant increase in revenue and PAT, coupled with robust sales momentum and strong future revenue visibility, indicates a positive financial performance.
Ajmera Realty & Infra India Limited (ARIIL) announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a total revenue of ₹320 crores for Q2 FY27, marking a significant 45% year-on-year increase from ₹221 crores in Q2 FY26. EBITDA grew by 40% year-on-year to ₹84 crores, with an EBITDA margin of 26%. Profit After Tax (PAT) stood at ₹49 crores, a 55% increase from ₹31 crores in the same period last year, maintaining a PAT margin of 15%.
For the half-year ended September 30, 2027 (H1 FY27), total revenue reached ₹639 crores, a 33% year-on-year growth from ₹481 crores in H1 FY26. EBITDA for H1 FY27 was ₹178 crores, up 28% year-on-year, with an EBITDA margin of 28%. PAT for H1 FY27 was ₹93 crores, a 32% increase year-on-year.
The company also reported a sustained sales momentum, achieving sales of ₹224 crores in Q2 FY27, representing 72,883 square feet of carpet area, with collections of ₹190 crores. For H1 FY27, sales amounted to ₹370 crores for 1,16,620 square feet of carpet area, with collections of ₹363 crores.
Ajmera Realty continued its deleveraging efforts, reducing its debt by ₹34 crores in the quarter to ₹646 crores. The debt-to-equity ratio stood at 0.44x as of September 30, 2026. Notably, the weighted average cost of debt declined below 11% for the first time, reaching 10.75% per annum.
The company has a strong revenue visibility of over ₹10,500 crores, including ₹3,510 crores from ongoing projects and ₹7,008 crores from the upcoming launch pipeline. The estimated pre-tax, post-debt cash flow potential from all projects is over ₹3,900 crores.
During the earnings call, management discussed ongoing project performances, including Ajmera i-Land, Ajmera Manhattan 1 & 2, Ajmera Greenfinity, Ajmera Vihara, Ajmera Solis, 33Fifteen (Bandra commercial), and luxury collection Vann by Ajmera. Projects in Bangalore, such as Ajmera Iris and Ajmera Marina, also showed positive sales momentum.
Discussions also covered the potential delay in the Kanjurmarg land conversion, with management expressing hope for completion before December 31, 2026, while acknowledging regulatory hurdles. The company is also gearing up for multiple project launches in the latter half of FY27, aiming to launch approximately 38 lakh square feet of area, generating ₹7,000 crores in top-line revenue.
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Ajmera Realty & Infra India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ajmera Realty & Infra India Limited. Read the original for the full detail.