Ajmera Realty and Infra India Ltd delivered robust Q2FY27 results with pre-sales of ₹224 crore, representing a 54% quarter-on-quarter increase from ₹146 crore in Q1FY27, as reported by CNBC TV18. The company's collections rose 10% sequentially to ₹190 crore from ₹173 crore in the previous quarter. During the quarter, the real estate developer recorded sales of 72,883 square feet of carpet area, though this marked a significant decline from the year-ago period. The company's H1FY27 pre-sales stood at ₹370 crore across 1,16,620 square feet of carpet area, with collections reaching ₹363 crore during the first half of the fiscal year.
Despite the strong quarterly performance, Ajmera Realty faced substantial year-on-year declines in key metrics. Pre-sales declined 69% year-on-year from ₹720 crore in Q2FY26, while carpet area sold fell 68% from 2,29,772 square feet compared to the same quarter last year. The company's H1FY27 sales value declined 55% from ₹828 crore in the corresponding period of the previous fiscal year, with carpet area sold falling 60% from 2,93,016 square feet. However, collections decreased 20% to ₹454 crore in H1FY26. The Q2FY27 collections of ₹190 crore were 14% lower than the ₹220 crore recorded in Q2FY26.
For the first half of FY27, Ajmera Realty reported cumulative pre-sales of ₹370 crore across 1,16,620 square feet of carpet area, with collections standing at ₹363 crore during the period, according to CNBC TV18. The company noted that average price realisation improved during the first half of FY27, reflecting its increasing focus on value creation. Ajmera Prive, one of the company's completed projects, is now fully sold out, with the quarterly performance supported by sustained sales momentum across ongoing projects. The H1FY27 update points to a mixed picture, with lower year-on-year sales and collections but an improvement in quarterly momentum compared with the June quarter.
Dhaval Ajmera, Director of Corporate Affairs, stated that Q2FY27 delivered sustained sales momentum across ongoing projects, supported by continued customer demand and disciplined execution, as reported by CNBC TV18. The company is actively progressing with requisite approval processes for upcoming projects and remains confident about bringing these projects to market. These launches are expected to provide a strong growth catalyst for the business and further strengthen the development pipeline. With sustained customer traction and a robust launch pipeline, the company remains optimistic about delivering stronger performance in the second half of the year while creating long-term value for stakeholders. The company's focus remains on value creation and project execution as it advances upcoming launches and seeks to strengthen its operational performance in the coming quarters.
Shares of Ajmera Realty & Infra India Ltd ended at ₹118.50, up by ₹2.70, or 2.33%, on the BSE following the results announcement, according to CNBC TV18. The positive market response reflects investor confidence in the company's quarterly performance and future growth prospects despite the year-on-year challenges in sales value and carpet area. The sequential improvement over Q1FY27, with sales value rising 54% and collections growing 10%, has contributed to the positive investor sentiment.
