Ajmera Realty -; Infra achieves revenue growth of 39% yoy for FY22; Stock soars 3%

20 May 2022 , 09:16 AM

Ajmera Realty & Infra India Ltd, a leading real estate company with pan India and international presence has announced its quarter & year ended March 31, 2022 financial results on Thursday.

Key Highlights for FY22:

• Sale Value at Rs431 crore; 344 Number of units sold
• Collections at Rs394 crore
• Revenue at Rs489 crore; up 39% yoy
• EBIDTA at Rs123 crore; up 22% yoy, EBIDTA Margin at 25%
• PBT at Rs62 crore; up 51% yoy, PBT Margin at 13%
• PAT at Rs45 crore; up 50% yoy, PAT Margin at 9%

Key Highlights for Q4 FY22:

• Sale Value at Rs122 crore; 128 Number of units sold
• Collections at Rs93 crore,
• Revenue at Rs184 crore; up 130% yoy
• EBIDTA at Rs43 crore; up 64% yoy, EBIDTA Margin at 23%
• PBT at Rs20 crore; up 21% yoy, PBT Margin at 11%
• PAT at Rs14 crore; up 12% yoy, PAT Margin at 8%
• Realization at Rs13,452 per/Sq. ft.; up 11% yoy

Commenting on the Q4 & FY22 performance, Dhaval Ajmera, Director — Ajmera Realty & Infra India Limited said, “India’s real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years.

Today’s millennial homebuyer decisions are influenced by their need to upgrade to modern larger living spaces furthered by an upsurge in quality projects, lucrative offers from real estate companies and low interest rates on home loans. These, along with a significant change in work culture driven by hybrid working, enhanced hiring data led by tech companies and rising disposable incomes are some important factors that have improved the outlook for the sector.

The Union Budget 2022-23 announcements such as digitisation of land records, increased allocation under PM Awas Yojna, PM Gati Shakti, are further expected to boost investments in this sector.

With a stronger demand for quality housing quarter on quarter, Ajmera Realty has delivered a strong performance in FY222. In line with the current demand during the year, Ajmera Realty has projected strong execution in its projects, coupled with greater revenue visibility.

On Friday morning trade, Ajmera Realty & Infra India was trading at Rs302.55 per piece higher by 3.05% on the BSE.