Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q1 FY2027 Earnings Presentation
56 slides from Ajmera Realty & Infra India's earnings presentation, Aug 4, 2026
Slide 1: Cover letter to stock exchanges
Ref: SEC/ARIIL/BSE-NSE/2026-27 Date: August 04, 2026 To, To, The Manager, The Manager – Listing, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, 5th Floor, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400051 Script Code:
Slide 2: Earnings Presentation – Q1FY27
AJMERA REALTY & INFRA INDIA LIMITED EARNINGS PRESENTATION – Q1FY27 www.ajmera.com
Slide 3: Disclaimer
DISCLAIMER The information in this presentation contains certain forward - looking statements . These include statements regarding the intent, plans, objectives, goals, strategies, future events or performance, current expectations of the Company and the underlying assumptions, other than those base
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Slide 5: Company Snapshot
COMPANY SNAPSHOT 20+ MSF 46,000+ Developer of townships in the FAMILIES micro markets of Mira Road, Andheri, Borivali and Wadala Possessions handed over with in Mumbai. the support of a dedicated workforce. TOWNSHIP DEVELOPER WORKFORCE Pin code 400+ Personnel Creator MSF – Million Square Feet on car
Slide 6: Company Snapshot
COMPANY SNAPSHOT INR 146 Cr INR 45 Cr 0.47x Debt - to - Equity Ratio Sale s Value Q1FY27 PAT achieved for Q1FY27 as on 30 June 2026 2.1 MSF 10.4 MSF 3.8 MSF Future development Ongoing Deve lopment potential - Owned land 8 Project s in Launch Pipeline MSF – Million Square Feet on carpet basis Q1FY27
Slide 7: Performance & Operations
PERFORMANCE & OPERATIONS BUSINESS UPDATES
Slide 8: Key Business Highlights - Q1FY27
KEY BUSINESS HIGHLIGHTS - Q1FY27 43,737 Sq.ft INR 146 Cr INR 173 Cr INR 89 Cr SALES VOLUME SALES VALUE COLLECTIONS 31% yoy Decrease 35% yoy increase 26% yoy Decrease Towards Asset Monetization INR 320 Cr INR 94 Cr INR 45 Cr Ajmera Solis TOTAL RE VENUE EBITD A PAT Qualified for Revenue 23% yoy increa
Slide 9: Project Sales & Collections - Q1FY27
PROJECT SALES & COLLECTIONS - Q1FY27 Sales Volume Sales Value Units Collections Projects Location (Sq.ft.) (INR Cr) (Nos) (INR Cr) Nucleus - Comm Bengaluru - - - - Greenfinity – AB Mumbai - - - 13 Manhattan 1 Mumbai 17,925 63 20 68 Prive Mumbai 2,089 11 1 - Eden Mumbai - - - 4 Lugaano & Florenza Ben
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Slide 11: Operational Highlights - Q1FY27
OPERATIONAL HIGHLIGHTS - Q1FY27 Sales Value Collection Realisation Sales Volume (INR Cr) (INR Cr) (INR/Sq.Ft.) (Sq.Ft.) 33,278 146 234 108 173 17,081 63,244 43,737 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY27 10
Slide 12: Financial Highlights - Q1FY27
FINANCIAL HIGHLIGHTS - Q1FY27 Total Revenue EBITDA (INR Cr) PBT (INR Cr) PAT (INR Cr) (INR Cr) EBITDA Margins (%) PBT Margins (%) PAT Margins (%) 320 260 94 79 62 57 45 31% 29% 39 22% 19% 15% 14% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Margins (%) Q1FY27 11
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Slide 14: Performance Trend
PERFORMANCE TREND SALES VALUE (INR CR) COLLECTION (INR CR) SALES VOLUME (sq. ft.) ROCE (%) 1,103 14% 1,701 13% 13% 9% 6.6 1,017 1,080 646 5.9 842 532 570 4.7 3.7 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 CAGR (3yr) – 26% CAGR (3yr) – 28% CAGR (3yr) – 21% EBITDA
Slide 15: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE 0.90 0.85 Secured Debt & 0.55 0.55 0.53 0.47 780 793 Debt to Equity 6 62 690 737 680 Ratio 442 510 495 590 637 630 338 283 167 100 100 50 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Jun-26 CORPORATE DEBT (INR CR) PROJECT DEBT (INR CR) DEBT TO EQUITY RATIO (X) Q
Slide 16: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE AVG. COST OF DEBT & REPO RATE 11.98% 12.22% 12.20% 11.51% 11.15% 11.01% 6.50% 6.50% 6.50% 6.25% 5.25% 5.25% Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Jun-26 Avg. Cost of Debt (%) Repo Rate (%) Q1FY27 15
Slide 17: Portfolio Update & Strategy
X X X X X X Portfolio UPDATE & STRATEGY
Slide 18: Our Portfolio
OUR PORTFOLIO 20.7 Mn sq.ft. 2.1 Mn sq.ft. 3.8 Mn sq.ft. 10.4 Mn sq.ft. 16.3 Mn sq.ft. COMPLETED ONGOING POTENTIAL FUTURE DEVELOPMENT TOTAL PROJECTS PROJECT LAUNCHES POTENTIAL PORTFOLIO 46,000+ 9 ONGOING 8 PROJECTS OWNED LAND TOTAL HOMES PROJECTS IN TO BE LAUNCHED IN BANK PORTFOLIO DELIVERED MUMBAI
Slide 19: Micro Market Presence - Mumbai
MICRO MARKET PRESENCE VERSOVA Vann by Ajmera VIKHROLI *All Area in lakh Sq. ft. (carpet) Ajmera Solis BANDRA 33 Fifteen Under Future Launches Completed Development Future BHANDUP Project Launches Projects (lakh sq. ft.) WADALA 137 7 3 15.6 Ajmera Vihara Ajmera Completed Destinations Future Launches
Slide 20: Micro Market Presence - Bengaluru
MICRO MARKET PRESENCE YEHLANKA *All Area in lakh Sq. ft. (carpet) Ajmera Marina Under Future Launches Completed Future Development Project Launches Projects (lakh sq. ft.) 21 2 4 5.9 ELECTRONIC CITY Ajmera Iris Completed Destinations Future Launches Under Development Destinations Future Development
Slide 21: Micro Market Presence - Pune
MICRO MARKET PRESENCE *All Area in lakh Sq. ft. (carpet) Under Future Launches Completed Future Development Project Launches Projects (lakh sq. ft.) 18 0 1 16.1 Completed Destinations Future Launches Under Development Destinations Future Development Potential PUNE Q1FY27 20
Slide 22: Revenue Visibility - OC Received Projects
REVENUE VISIBILITY - OC RECEIVED PROJECTS Comp le tion Completion as Total Carpet Area on 31 Mar Sales Book as on Revenue Balance Revenue Unsold Revenue as on Total2026 Carpet Area Carpet Area Estimated Sale value Projects Ownership 30 Jun 2026 Sold 30 Jun 2026 Recognized Recognition (INR Cr) Potent
Slide 23: Revenue Visibility - Ongoing Projects
REVENUE VISIBILITY - ONGOING PROJECTS Total Total Carpet Sales Book as on Revenue Balance Revenue Unsold Carpet Estimated Completion as on Revenue Potential Projects Ownership Carpet Area Area sold 30 Jun 2026 Recognised Recognition Area Sale value 30 Jun 2026 (INR Cr) (INR Cr) (INR Cr) (INR Cr) (IN
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Slide 25: Ongoing Project Update: Manhattan 1
ONGOING PROJECT UPDATE Manhattan 1 93% Inventory Sold CONSTRUCTION STATUS MEP & Finishing WIP June 2027 Project timelines as per RERA Q1FY27 24
Slide 26: Ongoing Project Update: Ajmera Greenfinity
ONGOING PROJECT UPDATE Ajmera Greenfinity 94% Inventory Sold CONSTRUCTION STATUS MEP & Finishing WIP Aug’27 Project timelines as per RERA Q1FY27 25
Slide 27: Ongoing Project Update: Ajmera Vihara
ONGOING PROJECT UPDATE Ajmera Vihara 81% Inventory Sold CONSTRUCTION STATUS Rehab Building: RCC WIP Sale Building: 4 ᵗʰ floor slab WIP June’27 Project timelines as per RERA Q1FY27 26
Slide 28: Ongoing Project Update: Manhattan 2
ONGOING PROJECT UPDATE Manhattan 2 50% Inventory Sold CONSTRUCTION STATUS Rock anchoring and excavation WIP July’30 Project timelines as per RERA Q1FY27 27
Slide 29: Ongoing Project Update: 33Fifteen
ONGOING PROJECT UPDATE 33Fifteen 19% Inventory Sold CONSTRUCTION STATUS Pile breaking and excavation WIP May’29 Project timelines as per RERA Q1FY27 28
Slide 30: Ongoing Project Update: Solis – Phase 1
ONGOING PROJECT UPDATE Solis – Phase 1 85% Inventory Sold CONSTRUCTION STATUS Excavation WIP July’30 Project timelines as per RERA Q1FY27 29
Slide 31: Ongoing Project Update: Vann by Ajmera
ONGOING PROJECT UPDATE Vann by Ajmera 3% Inventory Sold CONSTRUCTION STATUS Piling and shoring WIP Jan’31 Project timelines as per RERA Q1FY27 30
Slide 32: Ongoing Project Update: Ajmera Marina
ONGOING PROJECT UPDATE Ajmera Marina 69% Inventory Sold CONSTRUCTION STATUS Second Floor slab WIP Dec’28 Project timelines as per RERA Q1FY27 31
Slide 33: Ongoing Project Update: Ajmera Iris
ONGOING PROJECT UPDATE Ajmera Iris 90% Inventory Sold CONSTRUCTION STATUS MEP & Finishing WIP Dec’28 Project timelines as per RERA Q1FY27 32
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Slide 35: Potential Launches - FY27
POTENTIAL LAUNCHES - FY27 Estimated Estimated Estimated GDV Estimated Carpet Sr. No. Project Location Ownership (%) Launch Completion (INR Cr) Area (Sq.ft.) (Quarter, Year) (Quarter, Year) 1 Mumbai Eastern Suburb Vikhroli Phase 2 Mumbai 100% Q2 FY27 Q1 FY30 157 73,800 2 Bengaluru North Yehlanka Beng
Slide 36: Revenue Visibility
REVENUE VISIBILITY OC Received Projects Ongoing Projects NUCLEUS, PRIVE, LUGAANO & (MANHATTAN 1 & 2, 33Fifteen, SOLIS, VANN, FLORENZA, EDEN GREENFINITY AB, VIHARA, IRIS & MARINA) INR 30 Cr INR 11 Cr INR 1,631 Cr INR 2,174 Cr From committed From unsold inventory From committed From unsold inventory s
Slide 37: Wadala Outlook: Value Unlocking by Fast Tracking Launches
WADALA OUTLOOK: VALUE UNLOCKING BY FAST TRACKING LAUNCHES FY27 FY28 Onwards in about 3 years Balance potential to be executed in phases Development Carpet Area GDV Boutique Office Category (Lakh sq. ft.) (INR Cr) Phase 2 Ultra Luxury Est. GDV: INR 4,608 Cr Est. GDV: INR 6,383 Cr Plan to Launch in Es
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Slide 39: Owned Landbank: Wadala Upcoming Phases
OWNED LANDBANK: WADALA UPCOMING PHASES Carpet Area Development Category (Lakh Sq. ft.) ULTRA LUXURY Boutique Office –Phase 1 (Launch planned in Q3FY27) 9.8 Residential 9.0 MANHATTAN 1 (To be launched) MANHATTAN 2 Boutique office - Phase 2 10.3 (To be launched) UPCOMING Ultra Luxury MANHATTAN PHASES
Slide 40: Development Potential: Blueprint for Near Term Scale
DEVELOPMENT POTENTIAL: BLUEPRINT FOR NEAR TERM SCALE Estimated Estimated GDV Location Development Category Carpet Area ARIIL Stake Development Plan (INR Cr) (lakh Sq.ft.) Boutique office - Phase 1 9.8 100% To be launched in Q3FY27 3,650 Wadala Upcoming (Residential & Uber 21.6 100% Phase -wise launc
Slide 41: Own Land Bank: Kanjurmarg
OWN LAND BANK: KANJURMARG PROJECT OVERVIEW DEVELOPMENT ROADMAP Kanjurmarg FY26 FY27E FY28E APPROVALS & STRATEGIC TIE - UP MASTER PLANNING 7 ACRE PARCEL LAUNCH PHASE Strategic Tie - up Development Parcel ▪ Architect appointment ▪ Tie - up arrangement will fund land (Woods Bagot, US - conversion & ini
Slide 42: Portfolio Expansion: How We Are Scaling Up
PORTFOLIO EXPANSION HOW WE ARE SCALING UP SALES VALUE (INR Cr) Parameter Existing Future Growing Portfolio Size 2.1 msf 5.9 msf 2,200 1,701 Expanding Launch Pipeline 2.1 msf 3.8 msf * 1,017 1,080 842 Maximizing Sales Inventory INR 2,185 Cr INR 6,508 Cr 146 Geographical Expansion 7 locations 12 locat
Slide 43: Guidance vs Actual
GUIDANCE vs ACTUAL FY26 FY27E Q1FY27 Sale s Value Sale s Guidance Sale s Value INR 1,701 Cr INR 2,200 Cr INR 146 Cr Project Additions Project Additions Project Additions INR 2,433 Cr INR 1,800 Cr INR 389 Cr Debt / Equity Debt / Equity Debt / Equity 0.53x 1.00x 0.47x Act ual G uidance Q1FY27 42
Slide 44: 5x Road Map - Strategy
5x ROAD MAP - STRATEGY Organic Growth Inorganic Growth Strategic Locational Robust & Responsible Strategy Strategy Advantage & Diverse Execution efficiency Offerings ▪ Unlocking potential of ▪ Expanding aggressively in ▪ Properties and land banks ▪ Operational excellence owned land bank established
Slide 45: Financial Results
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Slide 46: Consolidated Financial Summary - Q1FY27
CONSOLIDATED FINANCIAL SUMMARY - Q1FY27 PROFIT & LOSS STATEMENT Particulars (INR Cr ) Q1FY27 Q1FY26 YoY Q4FY26 QoQ Total Revenue 319.5 259.6 23% 433.9 - 26% Total Expenses 225.7 180.3 25% 324.1 -30% EBITDA 93.8 79.3 18% 109.9 -15% EBITDA Margin (%) 29% 30% -120 bps 25% 404bps Finance Cost 30.5 21.0
Slide 47: Consolidated Financial Summary - Cash Flow Statement
CONSOLIDATED FINANCIAL SUMMARY - Q1FY27 CASH FLOW STATEMENT Particulars (INR Cr) Q1FY27 FY26 Particulars (INR Cr) Q1FY27 FY26 (A) Operating Inflows 218.8 1,102.7 (F) Net Financing Cashflow -19.4 29.9 Collection 172.8 1,102.7 Loan Withdrawal/(Repayment) - 57.4 76.4 Other Operating Income 46.0 0.0 Oth
Slide 48: Cash Flow Potential
CASH FLOW POTENTIAL Parameters Completed Projects Ongoing Projects Total (pre - tax & post - debt) (INR Cr) (INR Cr) (INR Cr) Balance receivables from sold units 97 1,943 2,040 Value of unsold inventory 11 2,174 2,185 Balance Cost to complete - 2,033 2,033 Project Outstanding Debt 5 564 569 Estimate
Slide 49: ESG: Environment | Social | Governance
ESG ENVIRONMENT | SOCIAL | GOVERNANCE
Slide 50: ESG: Environmental Initiatives
ESG: ENVIRONMENTAL INITIATIVES INCORPORATE GREEN BUILDINGS STANDARDSLIKE IGBCCERTIFICATION PARTNERED WITH WASTE MANAGEMENT USE LOW EMISSION CONSTRUCTION COMPANIES TO ENSURE PROPER PROVIDE ENERGY- EFFICIENT MACHINERY AND EQUIPMENTS DISPOSAL AND RECYCLING OF LIGHTING AND HVAC SYSTEMS MATERIALS. REDUCE
Slide 51: ESG: Social Initiatives
ESG: SOCIAL INITIATIVES Bhavyata Foundation Tree Plantation at Mayawaki Forest, Kalina, Maintenance Charges SSAT Sir Kikabhai Premchnd Trust – Angioplasty & Bypass Surgery SSAT Financial assitance for medical camps for cancer foundation Shri K alyankari S arvoday J eedaya S angh - R ajula Animal Wel
Slide 52: ESG: Governance
ESG: GOVERNANCE SOME OF OUR POLICIES FOR EFFECTIVE GOVERNANCE Board consists ERP platform for supply of professionals chain management SEBI Compliant, Regular Insurance renewals with and timely disclosures regular health checkups Structured digital database online portal to curb trading with UPSI fr
Slide 53: ESG: Governance Policies
ESG: GOVERNANCE SOME OF OUR POLICIES FOR EFFECTIVE GOVERNANCE Code of Insider Trading Policy Code of conduct Policy on Preservation of Documents Whistle Blower Policy Archival Policy Nomination and Remuneration Policy Dividend Distribution Policy Risk Management Policy Board diversity policy Policy
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Slide 55: Share Holding & Price Movement
SHARE HOLDING & PRICE MOVEMENT Shareholder Information as 50.0% SHARE PRICE PERFORMANCE on 30 June 2026 40.0% 30.0% BSE Ticher 513349 20.0% NSE Symbol AJMERA 10.0% Market Cap* (in INR Cr) 2,559 0.0% Promoter holding% 68.6% -10.0% - 9% % Free - Float 31.4% -20.0% -15% - 28% Free - Float Market Cap* (
Slide 56: Thank You
THANK YOU AJMERA REALTY & INFRA INDIA LIMITED E - mail: ir@ajmera.com | Website: www.ajmera.com CIN No.: L27104MH1985PLC035659 Registered Office: Ajmera Realty & Infra India Ltd, 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 Q1FY27 55
Ajmera Realty & Infra India — Q1 FY2027 Earnings Presentation on 6ix