Ajmera Realty & Infra India Q2 FY27 results (Jul–Sep 2026) and concall

Realty · Concall AI · Call held 3 Nov 2026

Company page: Ajmera Realty & Infra India share price, financials & guidance record

Ajmera Realty had a strong Q2 FY27 on execution. Revenue rose 45% YoY to ₹320 crores and PAT rose 55% to ₹49 crores, helped by revenue recognition starting on the 33Fifteen Bandra commercial project. Deleveraging continued: debt fell to ₹646 crores, D/E is 0.44x and cost of debt is 10.75%. Pre-sales were ₹224 crores (H1: ₹370 crores), so most of the ~₹2,200 crore FY27 target depends on 8 launches worth about ₹7,000 crores, mostly in Q4. The long-delayed Kanjurmarg land conversion is still the biggest open question for investors.

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What they filed

Q2 FY27: revenue up 350.0%, net profit up 54.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	-7	-35	33	10	-6 +14%	185 +629%	23 −30%	45 +350%
Expenses	130	108	180	161	127	324	226	235
EBITDA	63	43	78	58	55 −13%	107 +149%	91 +17%	82 +41%
Margin	32%	29%	30%	26%	30%	25%	29%	26%
Other income	6	2	1	2	2	3	3	3
Interest	24	12	21	17	14	22	30	16
Depreciation	1	1	1	1	1	1	2	2
Profit before tax	45	33	57	43	42 −7%	87 +164%	62 +9%	67 +56%
Tax rate	26%	27%	31%	27%	33%	33%	28%	27%
Net profit	33	24	39	31	28 −15%	59 +146%	45 +15%	48 +55%
EPS	1.72	1.28	1.95	1.54	1.30	2.83	2.19	2.29

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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