Listed realty player Ajmera Realty & Infra Ltd India has reported a 14% year-on-year decline in profit after tax (PAT) to ₹31.2 crore, while its revenue surged 8% to ₹221 crore. The company's EBITDA for the said quarter stood at ₹60 crore, down 7% YoY, and margins also fell 450 bps.

For the first half of the fiscal year, Ajmera saw revenue growing 20% YoY to ₹481 crore, while EBITDA grew 6% to ₹139 crore and PAT grew 2% to ₹71 crore. For H1 FY26, sales value surged 48% to ₹828 crore, driven by strong demand across new launches, and sales volume grew 20% to 2,93,016 sq.ft. The overall collections also grew 52% to ₹454 crore, reflecting efficient execution and strong customer confidence.

Dhaval Ajmera, director – corporate affairs, Ajmera Realty, said the company's Q2 and H1 FY26 performance reinforces its focus on disciplined growth, timely execution, and prudent financial management. “During the quarter, we launched two marquee projects — Ajmera Manhattan 2 and Thirty3.15 — with a combined GDV of ₹2,100 crore, both receiving an encouraging market response. Strengthened balance sheet with a healthy debt-to-equity ratio of 0.55x, supported by robust sales momentum and strong collections, resulting in a well-optimised debt structure.”

The company aims for a strong project pipeline of GDV of ₹4,357 crore across seven projects and strong demand visibility. “We remain focused on maintaining this growth trajectory through strategic launches, robust pipeline, operational excellence, and a balanced approach to financial prudence,” said Ajmera.

The outlook on the development potential of Wadala stands robust with a lucrative line-up projected to generate a top-line sales value of over ₹12,000 crore, said Ajmera. For H2 FY26, the company plans to launch a boutique office space with an estimated carpet area of over 6 lakh sq. ft, with an estimated GDV of ₹1,800 crore. “Further FY27 onwards, we aim to foray into uber-luxury residential space and launch a project spreading across 13.8 lakh sq.ft, estimated to generate a GDV of ₹5,700 crore. Further, the next phases of Ajmera Manhattan to be developed across 9 lakh sq. ft. that will add an estimated GDV of ₹3,200 crore,” said Ajmera.

Ajmera says it has huge development potential on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala, and Kanjurmarg. Its current projects include Ajmera Manhattan, Ajmera Greenfinity, Ajmera Vihara, and Ajmera Eden in Mumbai, and Ajmera Lugaano, Ajmera Florenza, Ajmera Iris, and Ajmera Marina in Bengaluru.

Shares of Ajmera Realty & Infra India closed 3.37% down at ₹1,016.15 on the BSE today.