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Ajmera Realty & Infra India Ltd.?s shares rose by 3.79% after the company announced its Q4 FY24 operational results, reaching over INR 1,000 crores in sales. The company reported a 63% year-over-year increase in sales area to 1,12,931 sq. ft. and a 104% year-over-year increase in sales value to INR 287 crores. Collections also increased by 91% year-over-year to INR 197 crores.
The firm stated that the increased connectivity brought about by Atal Setu's Wadala opening was responsible for the increase in sales. Ajmera Manhattan achieved a sales milestone of INR 100 crore in a single month, and the following phase of Ajmera Greenfinity was identically impressive.
With the addition of six projects in FY24, ARIIL's launch pipeline grew to 1.3 million square feet and a GDV of INR 3,130 crore. Dhaval Ajmera, the Director of Ajmera Realty & Infra India Ltd., stated that the company has had a very successful year in FY24, with pre-sales reaching their highest level ever at INR 1,017 crores, in line with their stated guidance. He credited this success to the company's consistent efforts in areas such as acquisitions, business development, and execution strategies, which have generated impressive results across the board, highlighting the company's excellence in all aspects of its operations.
Ajmera Realty & Infra India Ltd. saw a 21% increase in sales bookings in FY24, reaching INR 1,000 crores. This positive news led to a rise in the company's shares. In Q4 FY24, the company's sales exceeded INR 1,000 crores, further boosting investor confidence.
The company's shares surged by 3.79% following the announcement of its Q4 FY24 operational results, which included sales crossing the INR 1,000 crore mark. Ajmera Realty & Infra India Ltd. reported significant growth, with a sales area of 1,12,931 sq. ft, up 63% compared to the previous year, and a sales value of INR 287 crores, up 104% year-on-year. Collections also increased to INR 197 crores, up 91% year-on-year.
The company attributed the rise in sales to improved connectivity with the inauguration of Atal Setu, Wadala. Ajmera Manhattan achieved record sales of INR 100 crore in a single month, while the launch of Ajmera Greenfinity's next phase also had a significant impact.
During FY24, ARIIL added six projects to its pipeline, increasing the launch pipeline to 1.3 million sq. ft. with a GDV of INR 3,130 crore. Dhaval Ajmera, Director of Ajmera Realty & Infra India Ltd, stated that as they reflect on FY24, it has been a stellar year for Ajmera Realty. They have achieved their highest ever pre-sales figures, totaling Rs. 1,017 crores, in alignment with their stated guidance. Ajmera emphasized that the company?s relentless efforts have yielded remarkable results across aggressive acquisitions, business development endeavours, and execution strategies, underscoring excellence in every aspect of its operations.
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