Ajmera Realty Unveils Rs 1,800 Crore Boutique Office Space for H2FY26
Ajmera Realty, a prominent real estate developer, has revealed plans to introduce a boutique office space in H2FY26. This new venture is anticipated to generate a Gross Development Value (GDV) of Rs 1800 crore. The company has also recently launched two residential projects - Ajmera Manhattan 2 and Thirty3.15 - with a combined GDV of Rs 2,100 crore.
Ajmera Realty's financial health is robust, with a debt-to-equity ratio of 0.55 times, supported by strong sales momentum and collections. In Q2 FY26, the company's revenue from operations grew 10% YoY to Rs 219 crore, despite a 15% sequential decline. This growth can be attributed to the company's expanding project pipeline, which currently stands at Rs 4,357 crore across seven projects. Notably, the development potential of Wadala is projected to generate a topline sales value of over Rs 12,000 crore.
Despite the revenue growth, Ajmera Realty and Infra reported a 14% YoY decline in consolidated net profit for Q2 FY26, at Rs 30.37 crore. This dip can be attributed to a Rs 6.85 crore YoY and Rs 27 crore QoQ decline in total expenditure. However, the company's revenue grew 20% YoY to Rs 480.55 crore in H1 FY26, indicating a strong overall performance.
Ajmera Realty's plans to launch a boutique office space in H2FY26, along with its recent residential projects, signal the company's continued expansion. While the company's net profit dipped in Q2 FY26, its revenue growth and strong project pipeline indicate a positive outlook. The company's financial health and robust sales momentum position it well for future growth.
