Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q1 FY26 Earnings Presentation
37 slides from Ajmera Realty & Infra India's earnings presentation, Jul 24, 2025
Slide 1: Cover letter to stock exchanges for investor presentation
Ref: SEC/ARIIL/BSE-NSE/2025-26 Date: 24 th July, 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: Earnings Presentation Q1 FY26
Q1 FY26 Q1 FY26 Ajmera Realty & Infra India Limited EARNINGS PRESENTATION Q1 FY26 www.ajmera.com
Slide 3: Disclaimer
Q1 FY26 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
Slide 4: Company Snapshot
Q1 Q1 FY26 FY26 Company Snapshot 1.5 MSF 2.2 MSF 20+ 46,000+ Ongoing development 9 projects in pipeline for development MSF Families Early creator of townships in the micro Possessions handed INR 108 Cr 10.8 MSF markets of Mira Road, over with the support of Sales Value Achieved Future development A
Slide 5: Performance & Operations Business Updates
Q1 FY26 Q1 FY26 PERFORMANCE & OPERATIONS BUSINESS UPDATES
Slide 6: Key Business Highlights – Q1 FY26
Q1 FY26 Key Business Highlights – Q1 FY26 63,244 Sq.ft INR 260 Cr Sales Volume Total Revenue 52% YoY Decrease 32% YoY Increase INR 108 Cr INR 79 Cr Sales Value EBITDA 65% YoY Decrease 19% YoY Increase INR 234 Cr INR 39 Cr Collections Profit After Tax 42% YoY Increase 20% YoY Increase 0.50x Ajmera Pr
Slide 7: Project Sales & Collections – Q1 FY26
Q1 FY26 Project Sales & Collections – Q1 FY26 Sales Value Units Collections Project Location Sales Volume (Sq.ft.) (INR Cr) (Nos) (INR Cr) Greenfinity – CD Mumbai - - - 1 Nucleus - Comm Bangalore 12,032 10 1 16 Greenfinity – AB Mumbai 2,140 6 4 31 Manhattan Mumbai 4,759 16 6 104 Prive Mumbai 2,088 1
Slide 8: Financial Highlights – Q1 FY26
Q1 FY26 Financial Highlights – Q1 FY26 TOTAL REVENUE (INR Cr) EBITDA (INR Cr) & Financial Performance EBITDA MARGIN (%) 260 79 67 32% YoY increase in Total Revenue 196 154 46 34% 31% 19% YoY increase in EBITDA 30% 33% YoY increase in PBT Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 PBT (INR Cr) P
Slide 9: Operational Highlights – Q1 FY26
Q1 FY26 Operational Highlights – Q1 FY26 SALES VOLUME (Sq.ft.) SALES VALUE (INR Cr) Operational Performance 1,85,939 306 1,30,801 250 52% YoY decrease in Sales Volume 65% YoY decrease in Sales Value 63,244 108 42% YoY increase in Collection Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 COLLECTIONS
Slide 10: Performance Trend
Q1 FY26 Performance Trend SALES VALUE (INR Cr) COLLECTIONS (INR Cr) SALES VOLUME (Lakh Sq. ft.) 1,080 646 1,017 570 532 5.9 842 4.7 3.7 234 108 0.6 FY23 FY24 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY26 EBITDA (INR Cr) & PAT (INR Cr) TOTAL REVENUE (INR Cr) EBITDA MARGIN (%) & PAT MARGI
Slide 11: Continued De-leveraging & Improving Debt Profile
Q1 FY26 Continued De-leveraging & Improving Debt Profile SECURED DEBT & DEBT TO EQUITY RATIO 1.201.00 0.97 1.00 0.90 0.85 0.80 0.55 0.60 0.40 776 786 780 793 0.50 0.20 662 0.00 230 246 619 442 510 495 40% Corporate 519 546 540 Debt 338 Reduced 283 167 100 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Jun-25 Co
Slide 12: Continued De-leveraging & Improving Debt Profile
Q1 FY26 Continued De-leveraging & Improving Debt Profile AVG. COST OF DEBT & REPO RATE 13.70% 12.10% 11.98% 12.22% 12.20% 11.75% 6.50% 6.50% 6.50% 6.50% 6.25% 5.50% Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Jun-25 Avg. Cost of Debt (%) Repo Rate (%) 11
Slide 13: Portfolio Update & Strategy
Q1 FY26 Q1 FY26 PORTFOLIO UPDATE & STRATEGY
Slide 14: Our Portfolio
Q1 FY26 Our Portfolio 20.3 Mn Sq.ft. 1.5 Mn Sq.ft. 2.2 Mn Sq.ft. 10.8 Mn Sq.ft. 14.5 Mn Sq.ft. Ongoing Future Completed Potential Total Development Projects Portfolio Launches Portfolio Potential 46,000+ 7 ongoing 9 projects to Owned land bank Homes delivered projects in be launched Mumbai & in Mumb
Slide 15: Micro Market Presence
Q1 FY26 Micro Market Presence Yelahanka Ajmera Marina Ajmera Eden Bhandup Ghatkopar Wadala Ajmera Manhattan Ajmera Lugaano & Ajmera Vihara Ajmera Florenza Completed Destinations UnderDevelopment Destinations Future Launches Ajmera Greenfinity MUMBAI METROPOLITAN REGION Ajmera Iris BANGALORE Future D
Slide 16: OC Received Projects – Revenue Visibility
Q1 FY26 Revenue Visibility OC Received Projects Total Sales Book Balance Unsold Completion Total Carpet Revenue Estimated Revenue as on 30 Revenue Carpet Projects Ownership as on Carpet Area Area Recognised Sale value Potential June 2025 Recognition Area 30 June 2025 (Sq.ft.) Sold (INR Cr) (INR Cr)
Slide 17: Ongoing Projects – Revenue Visibility
Q1 FY26 Revenue Visibility Ongoing Projects Total Sales Book as Balance Unsold Completion Total Revenue Estimated Revenue Carpet on 30 June Revenue Carpet Projects Ownership as on Carpet Area Recognised Sale value Potential Area sold 2025 Recognition Area (INR Cr) 30 June 2025 (Sq.ft.) (INR Cr) (INR
Slide 18: Ongoing Project Update
Q1 FY26 Ongoing Project Update Ajmera Manhattan Ajmera Vihara Ajmera Eden Ajmera Greenfinity 89% 77% 95% 73% of Inventory Sold of Inventory Sold of Inventory Sold of Inventory Sold Rehab Building: 4th RCC – 17th Level RCC - floor slab WIP, RCC completed completed Tower A: 30th Level WIP Sale Buildin
Slide 19: Ongoing Project Update
Q1 FY26 Ongoing Project Update Ajmera Lugaano & Florenza Ajmera Iris Ajmera Marina 97% 66% 68% of Inventory Sold of Inventory Sold of Inventory Sold Block 1: Ground floor WIP RCC completed Foundation in Block 2: Podium WIP MEP & Finishing WIP progress Block 3: 2ND floorWIP Lugaano – Sep’26 Florenza
Slide 20: Potential Launches
Q1 FY26 Potential Launches Estimated Estimated Estimated Estimated Ownership Project Location Launch Completion GDV Carpet Area (%) (Quarter, Year) (Quarter, Year) (INR Cr) (Sq.ft.) Codename Wadala Mumbai 100% Q2 FY26 Q2 FY30 1,750 5,38,132 Codename Bandra* Mumbai 50% Q2 FY26 Q2 FY29 350 65,134 Code
Slide 21: Revenue Visibility
Q1 FY26 Revenue Visibility OC Received Projects Ongoing Projects (Manhattan, Lugaano & Florenza, Eden, (Nucleus, Prive) Greenfinity AB, Vihara, Iris and Marina) INR 0 Cr INR 80 Cr INR 1,082 Cr INR 475 Cr From committed sales From unsold inventory From committed sales From unsold inventory INR 80 Cr
Slide 22: Owned Land Bank – Wadala
Q1 FY26 Owned Land Bank – Wadala Development Carpet Area Category (Lakh Sq. ft.) Residential 13.0 Commercial 12.6 Total Carpet Area 25.6 Estimated GDV 8,900 (INR Cr) 21
Slide 23: Owned Land Bank - Kanjurmarg
Q1 FY26 Owned Land Bank - Kanjurmarg Development Carpet Area Category (Lakh Sq. ft.) Residential 34.6 Retail Hospitality 47.8 Commercial Total Carpet Area 82.4 Estimated GDV 29,000 (INR Cr) Master planning is currently underway; development proportions are subject to change 22
Slide 24: Development potential – Owned Land Bank Summary
Q1 FY26 Development potential – Owned Land Bank Summary Estimated Carpet Estimated GDV Development Location Area ARIIL Stake Development Plan Category (INR Cr) (in lakh Sq.ft.) Residential 13.0 100% Phase-wise launch within 1-3 years Wadala 8,900 Commercial 12.6 100% Expected to be a lease model Res
Slide 25: Portfolio Expansion: How we are scaling up
Q1 FY26 Portfolio Expansion How we are scaling up SALES VALUE (INR Cr) Parameter Existing Future Growing 1.5 msf 3.7 msf portfolio size 1,600 Expanding 1,080 1.5 msf 2.2 msf* Launch Pipeline 1,017 842 Maximizing INR 475 Cr INR 6,457 Cr Sales Inventory 431 Geographical 6 locations 11 locations 108 ex
Slide 26: 5X Road Map – Strategy
Q1 FY26 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
Slide 27: Financial Results Summary
Q1 FY26 Q1 FY26 FINANCIAL RESULTS SUMMARY
Slide 28: Consolidated Financial Summary – Q1 FY26
Q1 FY26 Consolidated Financial Summary – Q1 FY26 Profit & Loss Statement Particulars (INR Cr ) Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ Total Revenue 259.6 196.2 32% 153.7 69% Total Expenses 180.3 129.4 39% 108.0 67% EBITDA 79.3 66.7 19% 45.7 74% EBITDA Margin (%) 30.56% 34.02% (346 bps) 29.71% 85 bps Financ
Slide 29: Consolidated Financial Summary – Cash Flow Statement
Q1 FY26 Consolidated Financial Summary – Q1 FY26 Cash Flow Statement Particulars (INR Cr) Q1 FY26 FY25 Particulars (INR Cr) Q1 FY26 FY25 (A) Operating Inflows 233.7 660.2 (F) Net Financing Cashflow -20.6 98.0 Collection 233.7 646.3 Loan Withdrawal/(Repayment) -42.5 -118.6 Other Operating Income 0.0
Slide 30: Cash Flow Potential
Q1 FY26 Cash Flow Potential Parameters Completed Projects Ongoing Projects Total (pre-tax & post-debt) (INR Cr) (INR Cr) (INR Cr) Balance receivables from sold units 19 1,324 1,343 Value of unsold inventory 80 475 555 Balance Cost to complete - 796 796 Project Outstanding Debt - 436 436 Estimated Ne
Slide 31: Guidance vs Actual
Q1 FY26 Guidance vs Actual FY25E FY25 FY26E Q1 FY26 Sales Value Sales Guidance Sales Value INR 1,080 Cr INR 1,600 Cr INR 108 Cr Project Additions Project Additions Project Additions INR 2,510 Cr INR 3,750 Cr INR 0 Cr Debt / Equity Debt / Equity Debt / Equity 0.55x 0.85x 0.50x Actual Guidance 30
Slide 32: ESG: Environment | Social | Governance
Q1 FY26 Q1 FY26 ESG ENVIRONMENT | SOCIAL | GOVERNANCE
Slide 33: ESG – Environmental Initiatives
Q1 FY26 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 material
Slide 34: ESG – Social Initiatives
Q1 FY26 ESG Check Dam: Check Dam construction on Gandhi River in BEFORE AFTER Vasavad Village Tree Plantation Drive: Inauguration of 5,000 Tree plantation drive at Kalina Mumbai University Maharashtra through Social Bhavyata Foundation Initiatives Support at Swaminarayan Hospital: Medical help for v
Slide 35: ESG – Governance
Q1-FY26 Q1 FY26 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 Of
Slide 36: Shareholding & Price Movement
Q1 FY26 Shareholding & Price Movement Shareholder Information as SHARE PRICE PERFORMANCE on 30 June 2025 85.0% BSE Ticker 513349 65.0% NSE Symbol AJMERA Market Cap* (in INR Cr) 3,641 45.0% 35% Promoter holding % 68.2% 25.0% % Free-Float 31.8% 5.0% 5% Free-Float Market Cap* (in INR Cr) 1,158 -15.0% -
Slide 37: Thank You
Q1 FY26 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
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