Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q4 & FY25 Earnings Presentation
34 slides from Ajmera Realty & Infra India's earnings presentation, May 14, 2025
Slide 1: Exchange filing cover letter
Ref: SEC/ARIIL/BSE-NSE/2025-26 Date: 14 th May, 2025 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: Q4 & FY25 Earnings Presentation
Q4 & FY25 Ajmera Realty & Infra India Limited EARNINGS PRESENTATION Q4 & FY25 www.ajmera.com
Slide 3: Disclaimer
FY25 Disclaimer The information in this presentation contains certain the ability to implement our growth, expansion plans & forward-looking statements. These include statements strategy; fluctuations in currency exchange rates; regarding the intent, plans, objectives, goals, strategies, changes in
Slide 4: Company Snapshot
FY25 Company Snapshot 1.5 MSF 2.2 MSF 20+ 46,000+ Ongoing development 9 projects in pipeline for development MSF Families Early creators of township in the micro Possessions handed over with the support INR 1,080 Cr 10.6 MSF markets of Mira Road, Sales Value Achieved Future development of a dedicate
Slide 5: Performance & Operations Business Updates
FY 2025 PERFORMANCE & OPERATIONS BUSINESS UPDATES
Slide 6: Key Business Highlights – FY25
FY25 Key Business Highlights – FY25 5,95,902 Sq.ft INR 753 Cr Sales Volume Total Revenue 26% YoY Increase 6% YoY Increase INR 1,080 Cr INR 246 Cr Sales Value EBITDA 6% YoY Increase 18% YoY Increase INR 646 Cr INR 126 Cr Collections Profit After Tax 13% YoY Increase 22% YoY Increase INR 2,510 Cr 0.55
Slide 7: Project Sales & Collections – Q4 & FY25
FY25 Project Sales & Collections – Q4 & FY25 Q4 FY25 FY25 Sales Volume Sales Value Units Collections Sales Volume Sales Value Units Collections Project Location (Sq.ft.) (INR Cr) (Nos) (INR Cr) (Sq.ft.) (INR Cr) (Nos) (INR Cr) Aeon, Zeon, Treon Mumbai - - - - 291 1 1 - Sikova Mumbai - - - 3 2,622 6
Slide 8: Performance Trend
FY25 Performance Trend SALES VALUE (INR Cr) COLLECTIONS (INR Cr) SALES VOLUME (Lakh Sq. ft.) ROCE 1,080 646 13% 13% 1,017 532 570 5.9 842 4.7 9% 394 8% 3.7 431 2.5 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EBITDA (INR Cr) & PAT (INR Cr) ROE TOTAL REVENUE (INR Cr
Slide 9: Continued De-leveraging & Improving Debt Profile
FY25 Continued De-leveraging & Improving Debt Profile SECURED DEBT & DEBT TO EQUITY RATIO 1.20 1.11 1.00 0.97 1.00 0.90 0.85 0.80 0.60 0.40 826 776 786 780 793 0.55 0.20 260 662 0.00 230 246 442 510 41% Corporate 495 Debt 566 546 540 Reduced 338 283 167 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Corp
Slide 10: Continued De-leveraging & Improving Debt Profile
FY25 Continued De-leveraging & Improving Debt Profile AVG. COST OF DEBT & REPO RATE 13.70% 12.60% 12.10% 11.98% 12.22% 12.20% 5.90% 6.50% 6.50% 6.50% 6.50% 6.25% Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Avg. Cost of Debt (%) Repo Rate (%) 9
Slide 11: Portfolio Update & Strategy
FY 2025 PORTFOLIO UPDATE & STRATEGY
Slide 12: Our Portfolio
FY25 Our Portfolio 20.3 Mn 1.5 Mn 2.2 Mn 10.6 Mn 14.3 Mn Sq.ft. Sq.ft. Sq.ft. Sq.ft. Sq.ft. Ongoing Future Completed Potential Total Development Projects Portfolio Launches Portfolio Potential 46,000+ 8 ongoing 9 projects to be Owned land bank Homes delivered projects in launched in Mumbai & Mumbai
Slide 13: Micro Market Presence
FY25 Micro Market Presence Yelahanka Ajmera Prive Ajmera Eden Juhu Bhandup Ghatkopar Ajmera Lugaano & Ajmera Florenza Wadala Ajmera Manhattan Ajmera Vihara Completed Destinations UnderDevelopment Destinations Future Launches Ajmera Greenfinity Future Development Potential MUMBAI METROPOLITAN REGION
Slide 14: Revenue Visibility – OC Received Projects
FY25 Revenue Visibility OC Received Projects Total Sales Book Balance Unsold Completion Total Carpet Revenue Estimated Revenue as on 31 Revenue Carpet Projects Ownership as on Carpet Area Area Recognised Sale value Potential Mar 2025 Recognition Area (INR Cr) 31 Mar 2025 (Sq.ft.) Sold (INR Cr) (INR
Slide 15: Revenue Visibility – Ongoing Projects
FY25 Revenue Visibility Ongoing Projects Total Sales Book as Balance Unsold Completion Total Revenue Estimated Revenue Carpet on 31 Mar Revenue Carpet Projects Ownership as on Carpet Area Recognised Sale value Potential Area sold 2025 Recognition Area (INR Cr) 31 Mar 2025 (Sq.ft.) (INR Cr) (INR Cr)
Slide 16: Ongoing Project Update
FY25 Ongoing Project Update Ajmera Manhattan Ajmera Prive Ajmera Eden Ajmera Greenfinity 88% 69% 91% 71% of Inventory Sold of Inventory Sold of Inventory Sold of Inventory Sold RCC - Finishing WIP, RCC completed Tower A: 23rd Level WIP RCC – 12th Level Applied for OC MEP & Finishing WIP Tower B: 21s
Slide 17: Ongoing Project Update
FY25 Ongoing Project Update Ajmera Vihara Ajmera Lugaano & Florenza Ajmera Iris Ajmera Marina 65% 97% 64% 62% of Inventory Sold of Inventory Sold of Inventory Sold of Inventory Sold Rehab Building: 1st floor RCC completed Basement & Plinth Excavation work WIP slab WIP, MEP & Finishing WIP WIP Sale B
Slide 18: Potential Launches
FY25 Potential Launches Estimated Estimated Estimated Estimated Ownership Project Location Launch Completion GDV Carpet Area (%) (Month, Year) (Month, Year) (INR Cr) (Sq.ft.) Codename Wadala Mumbai 100% Q1 FY26 Q2 FY30 1,750 5,38,132 Codename Bandra* Mumbai 50% Q2 FY26 Q2 FY29 350 65,134 Codename Ve
Slide 19: Revenue Visibility
FY25 Revenue Visibility OC Received Projects Ongoing Projects (Nucleus) (Manhattan, Lugaano & Florenza, Prive, Eden, Greenfinity AB, Vihara, Iris and Marina) INR 0 Cr INR 50 Cr INR 1,235 Cr INR 612 Cr From committed sales From unsold inventory From committed sales From unsold inventory INR 50 Cr INR
Slide 20: Development potential – Owned Land Bank
FY25 Development potential – Owned Land Bank Estimated Type of Location Carpet Area ARIIL Stake Development Plan Development (in lakh Sq.ft.) Wadala Residential 13 100% Phase-wise launch within 2-4 years Commercial 12.6 100% Expected to be a lease model Kanjurmarg Residential 30 100% Township develo
Slide 21: Portfolio Expansion – How we are scaling up
FY25 Portfolio Expansion How we are scaling up Parameter Existing Future SALES VALUE Growing (INR Cr) 1.5 msf 3.7 msf portfolio size 1,600 1,080 Expanding 1.5 msf 2.2 msf* Launch Pipeline 1,017 842 Maximizing INR 662 Cr INR 6,457 Cr 431 Sales Inventory Geographical 6 locations 11 locations FY22 FY23
Slide 22: 5X Road Map – Strategy
FY25 5X ROAD MAP – Strategy Organic Growth Inorganic Growth Strategic Locational Robust & Responsible Strategy Strategy Advantage & Diverse Execution efficiency Offerings • Unlocking potential of owned • Expanding aggressively in • Properties and land banks with • Operational excellence land bank es
Slide 23: Financial Results Summary
FY 2025 FINANCIAL RESULTS SUMMARY
Slide 24: Consolidated Financial Summary – Q4 & FY25
FY25 Consolidated Financial Summary – Q4 & FY25 Profit & Loss Statement Particulars (INR Cr ) Q4 FY25 Q4 FY24 YoY Q3 FY25 QoQ FY25 FY24 YoY Total Revenue 153.7 234.1 (34%) 199.1 (23%) 753.1 707.9 6% Total Expenses 108.0 165.6 (35%) 130.3 (17%) 507.3 498.7 2% EBITDA 45.7 68.5 (33%) 68.8 (34%) 245.8 2
Slide 25: Consolidated Financial Summary – FY25 Balance Sheet
FY25 Consolidated Financial Summary – FY25 Balance Sheet Statement EQUITY AND LIABILITIES (INR Cr) FY25 FY24 ASSETS (INR Cr) FY25 FY24 Equity Share Capital 39.4 35.5 Property, Plant & Equipment 35.2 29.5 Other Equity 1,167.1 830.2 Goodwill & Intangible Assets 41.9 41.9 Net Worth 1,206.5 865.7 Financ
Slide 26: Consolidated Financial Summary – Cash Flow Statement
FY25 Consolidated Financial Summary – FY25 Cash Flow Statement Particulars (INR Cr) Q4 FY25 FY25 Particulars (INR Cr) Q4 FY25 FY25 (A) Operating Inflows 195.6 660.2 (F) Net Financing Cashflow 52.3 98.0 Collection 181.7 646.3 Loan Withdrawal/(Repayment) -11.8 -118.6 Other Operating Income 13.9 13.9 P
Slide 27: Cash Flow Potential
FY25 Cash Flow Potential Parameters Completed Projects Ongoing Projects Total (pre-tax & post-debt) (INR Cr) (INR Cr) (INR Cr) Balance receivables from sold units 13 1,455 1,468 Value of unsold inventory 50 612 662 Balance Cost to complete - 944 944 Project Outstanding Debt - 417 417 Estimated Net C
Slide 28: Guidance vs Actual
FY25 Guidance vs Actual FY25E FY25 FY26E Sales Guidance Sales Value Sales Guidance INR 1,350 Cr INR 1,080 Cr INR 1,600 Cr Project Additions Project Additions Project Additions INR 3,500 Cr INR 2,510 Cr INR 3,750 Cr Debt / Equity Debt / Equity Debt / Equity 0.80x 0.55x 0.85x Guidance Actual 27
Slide 29: ESG
FY 2025 ESG ENVIRONMENT | SOCIAL | GOVERNANCE
Slide 30: Environmental Initiatives
FY25 ESG Environmental Initiatives Incorporate green buildings standards like IGBC Certification Partnered with waste Use low- emission construction management companies to Provide energy-efficient machinery and equipment. ensure proper disposal and lighting and HVAC systems recycling of materials.
Slide 31: Social Initiatives
FY25 ESG Social Initiatives Tree Plantation Drive: 5000 Tree planted at Kalina Mumbai University Maharashtra through Bhavyata Foundation Support at zillah Parishad School – Khardi & Kalyan. Pilot Run done for 1 School - Z. P. School Jarandi Global Vikas Trust Supporting Farmers & Agriculture in Hi
Slide 32: Governance
FY25 ESG Some of our Policies for Effective Governance Governance • Code of Insider Trading Policy • Policy on Preservation of Documents • Archival Policy Strong Governance Practices • Dividend Distribution Policy • Board diversity policy Board consists of professionals • Directors and Officers Insu
Slide 33: Shareholding & Price Movement
FY25 Shareholding & Price Movement 100.0% SHARE PRICE PERFORMANCE Shareholder Information as on 31 Mar 2025 80.0% BSE Ticker 513349 NSE Symbol AJMERA 60.0% Market Cap* (in INR Cr) 3,543 40.0% Promoter holding % 68.2% % Free-Float 31.8% 20.0% 21% Free-Float Market Cap* (in INR Cr) 1,127 0.0% 5% Share
Slide 34: 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
Ajmera Realty & Infra India — Q4 & FY25 Earnings Presentation on 6ix