Ajmera Realty shines on recording 10% QoQ growth in sales value during Q4 FY23

Ajmera Realty & Infra India is currently trading at Rs. 309.15, up by 14.60 points or 4.96% from its previous closing of Rs. 294.55 on the BSE.

The scrip opened at Rs. 295.30 and has touched a high and low of Rs. 313.40 and Rs. 289.90 respectively. So far 11814 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 404.95 on 07-Apr-2022 and a 52 week low of Rs. 210.65 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 313.40 and Rs. 271.40 respectively. The current market cap of the company is Rs. 1084.42 crore.

The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 0.03% and 30.24% respectively.

Ajmera Realty & Infra India (ARIIL) has recorded a sales value of Rs 140 crore in Q4 FY23, an increase of 10% as compared to the Rs 128 crore in Q3 FY23. The carpet area sold by ARIIL was 69,209 Sq.ft. in Q4 FY23 which was an incremental growth of 9% from the 63,595 Sq. ft in Q3 FY23.

Robust sales and a good construction pace have resulted in firm growth of 35% YoY in collections for FY23. As per the Company, its strong cash generation will pave the way for business development prospects and debt deleveraging, thereby enhancing growth visibility.

Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.