Ajmera Realty's Net Profit Surges by 49% in Q1

Ajmera Realty & Infra India reported a significant 49% rise in its consolidated net profit to Rs 31.43 crore for the quarter ending June, compared to Rs 21.07 crore in the same period last year. The company also saw its total income increase to Rs 196.15 crore.

Ajmera Realty & Infra India has announced a robust 49% increase in its consolidated net profit, reaching Rs 31.43 crore for the quarter ending in June. This marks a significant rise from the Rs 21.07 crore recorded in the same period last year.

In addition, the company's total income surged to Rs 196.15 crore during the April-June period of this fiscal year, up from Rs 117.57 crore in the corresponding quarter of the previous year, as revealed in a regulatory filing.

Dhaval Ajmera, Director of Ajmera Realty & Infra India, attributed the impressive financial performance to strong sales growth and excellent collection efficiencies across all projects. He noted that this growth trajectory is indicative of the company's promising launch pipeline and aligns with their full-year guidance.