Ajmera Realty Q2 FY27 Results Reveal A Strong Property Market Performance, Net Profit Surges 55% To ₹48.5 Crore As Revenue Races Ahead 45% To ₹319.5 Crore

Ajmera Realty & Infra India Limited, a Mumbai-based real estate developer, announced a significant improvement in their Q2 FY27 results, with a 55.4% increase in net profit after tax (PAT) to ₹48.5 crore. This marked a substantial rise from ₹31.2 crore in the same period last year. The company's total revenue also saw a notable surge, increasing 44.6% to ₹319.5 crore, up from ₹221 crore in Q2 FY26, as per their regulatory filing.

The company's earnings before interest, depreciation, and amortisation (EBITDA) grew by 40.4% year-on-year to ₹84.1 crore. Their profit before tax (PBT) also surged 55.6% to ₹66.6 crore from ₹42.8 crore. The EBITDA margin improved to 26%, compared to 27% in the previous quarter, while the PAT margin increased to 15% from 14%.

On a quarter-on-quarter basis, PAT rose by 8% from ₹44.9 crore in Q1 FY27. However, total revenue remained constant at ₹319.5 crore, and EBITDA declined by 10.3% from ₹93.8 crore. For the six months ending September 30, 2026, Ajmera Realty reported a PAT of ₹93.4 crore, a 32.1% increase from ₹70.7 crore in H1 FY26. Total revenue for this period saw a 33% increase to ₹639 crore from ₹480.5 crore. EBITDA increased by 27.8% to ₹177.9 crore, while PBT grew by 28.6% to ₹128.6 crore.

Despite the higher reported revenue, the company's Q2 FY27 sales value declined by 68.9% to ₹224 crore, down from ₹720 crore in the same quarter last year. The carpet area sold fell to 72,883 square feet, while customer collections decreased by 13.6% to ₹190 crore. Ajmera Realty also reduced its debt by ₹34 crore to ₹646 crore as of September 30, 2026, and improved its debt-to-equity ratio to 0.44 times.

Debt was largely reduced as a result of divesting its entire 36% stake in Ultra Tech Property Developers Private Limited. Director - Corporate Affairs Dhaval Ajmera credited the company's impressive half-year performance to customer demand and project execution, noting that the commercial project 33Fifteen became eligible for revenue recognition during Q2 FY27.