Ajmera Realty Reports Highest-Ever Q2 FY26 Bookings of ₹828 Crore; Strong H1 Performance and Positive Outlook
Ajmera Realty reported highest-ever Q2 FY26 bookings of ₹828 crore, with strong H1 sales and collections. Successfully launched Ajmera Manhattan 2 and Thirty 3.15. Debt-equity ratio healthy. Future pipeline of ₹4,300 crore planned. Significant revenue growth expected for FY26.
This announcement provides comprehensive updates on the company's financial performance, major project launches, future growth pipeline, and strategic initiatives, all of which are critical factors influencing investor sentiment and the company's valuation. The positive financial results and future guidance are likely to have a significant impact.
The company reported its highest-ever quarterly bookings, strong sales growth, and robust collections. Successful new project launches, a healthy debt profile, and a significant future project pipeline indicate strong operational performance and a positive outlook.
* Ajmera Realty & Infra India Limited discussed its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, during an earnings call held on November 07, 2025. The transcript of this call was released on November 11, 2025. * The company achieved its highest-ever quarterly bookings of ₹828 crore, marking a 48% year-on-year (Y-o-Y) growth. * Half-year (H1 FY26) sales volume reached 2,93,000 square feet carpet area, a 20% Y-o-Y increase, with collections growing 52% to ₹454 crore. * H1 FY26 revenue stood at ₹481 crore, up 20% Y-o-Y. EBITDA grew 6% to ₹139 crore, and Profit After Tax (PAT) increased by 2% to ₹71 crore. * The company maintained a strong financial position with a total debt of ₹690 crore as of September 30, 2025, and a healthy debt-equity ratio of 0.55x. The weighted average cost of debt reduced to 11.51%. * Two landmark projects were launched in late September 2025: Ajmera Manhattan 2 in Wadala and Thirty 3.15 (a commercial project) in Bandra, with a combined Joint Development Value (JDV) exceeding ₹2,100 crore. * Ajmera Manhattan 2 has seen exceptional traction, with 38% of its inventory sold in less than a month. Thirty 3.15 also recorded 5-6% sales in the last few days of September. * Ongoing projects like Ajmera Manhattan Phase-1 (89% sales), Ajmera Greenfinity (74% sales), Ajmera Eden (98% sales), and Ajmera Vihara Bhandup (81% sales) are progressing well. * Bangalore projects, Lugaano & Florenza, are nearly sold out (97%), with Occupation Certificates (OC) received in September 2025. Ajmera Iris achieved 70% sales, and Ajmera Marina, launched in Q4 FY25, recorded 68% sales. * The company is gearing up to deliver approximately 1,000 possessions in FY26, having already delivered 533 homes in H1 FY26. * Ajmera Realty has an estimated Gross Development Value (GDV) of ₹6,400 crore for its FY26 launch pipeline, including the ₹2,100 crore already launched. Seven upcoming projects have a combined GDV of ₹4,300 crore across 1.6 million square feet. * Management expects significant growth in the top line for FY26 compared to last year's ₹750 crore. Margin traction is expected to improve in coming quarters due to high-margin presales like Manhattan. * Total cumulative cash flow is estimated to be over ₹2,800 crore over the next four and a half to five years, comprising ₹1,526 crore from ongoing projects, ₹1,016 crore from upcoming projects, and ₹330 crore from asset monetization and repatriation from overseas investments. * The company is actively pursuing new land acquisitions, targeting over ₹3,000 crore in potential revenue from two to three land parcels. It is also evaluating bids for 30-40 society redevelopment projects. * Approvals for upcoming launches such as Vikhroli and Versova are in advanced stages. Kanjurmarg approvals are expected post the upcoming BMC elections, which may cause delays in approval processes. * Recent MMRDA auctions in Wadala suggest potential selling prices of ₹45,000-₹50,000 per square foot, which is expected to positively impact the realization on Ajmera's existing plots in the area.
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