Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — FY2026 Earnings Presentation
53 slides from Ajmera Realty & Infra India's earnings presentation, May 25, 2026
Slide 1: Exchange intimation letter for investor presentation
Ref: SEC/ARIIL/BSE-NSE/2026-27 Date: May 25, 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: 513
Slide 2: Earnings Presentation – FY26
AJMERA REALTY & INFRA INDIA LIMITED EARNINGS PRESENTATION – FY26 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: A 5-Year Disciplined Transformation
A 5-YEAR DISCIPLINED TRANSFORMATION Strong performance across all key metrics NET PROFIT (PAT) REVENUE EBITDA AVERAGE DEBT/EQUITY REALIZATION RATIO INR per sq ft 5.1x 3.1x 3.0x 2.1x 1/2x FY26 PAT: INR 157 Cr FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53
Slide 7: Company Snapshot
COMPANY SNAPSHOT INR 1,701 Cr INR 157 Cr 0.53x Debt - to - Equity Ratio Sale s Value FY26 PAT achieved for FY26 as on 31 March 2026 2.0 MSF 10.4 MSF 3.7 MSF Future development Ongoing Deve lopment potential - Owned land 8 Project s in Launch Pipeline MSF – Million Square Feet on carpet basis FY26 06
Slide 8: Performance & Operations
PERFORMANCE & OPERATIONS BUSINESS UPDATES
Slide 9: Key Business Highlights - FY26
KEY BUSINESS HIGHLIGHTS - FY26 6,60,246 Sq.ft INR 1,701 Cr INR 1,103 Cr INR 2,433 Cr SALES VOLUME SALES VALUE COLLECTIONS PROJECT ADDITIONS 11% yoy increase 57% yoy increase 71% yoy increase Added 5 projects under asset light model INR 1,098 Cr INR 306 Cr INR 157 Cr LAUNCHES TOTAL RE VENUE EBITD A P
Slide 10: Project Sales & Collections - Q4 FY26
PROJECT SALES & COLLECTIONS - Q4 FY26 Sales Volume Sales Value Units Collections Projects Location (Sq.ft.) (INR Cr) (Nos) (INR Cr) Nucleus - Comm Bengaluru 12,046 9 1 - Greenfinity – CD Mumbai - - - - Greenfinity – AB Mumbai 13,910 41 26 47 Manhattan 1 Mumbai 4,698 18 5 80 Prive Mumbai 1,734 10 1 1
Slide 11: Project Sales & Collections - FY26
PROJECT SALES & COLLECTIONS - FY26 Sales volume Sales value Units Collections Projects Location (Sq.Ft.) (INR Cr) (Nos) (INR Cr) Nucleus - Comm Bengaluru 48,170 39 4 24 Greenfinity – CD Mumbai - - - 2 Greenfinity – AB Mumbai 21,400 65 40 123 Manhattan 1 Mumbai 9,457 33 11 366 Prive Mumbai 5,556 31 3
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Slide 13: Operational Highlights - FY26
OPERATIONAL HIGHLIGHTS - FY26 Sales Value Collection Realisation Sales Volume Units (INR Cr) (INR Cr) (INR/Sq.Ft.) (Sq.Ft.) (Nos.) 1,701 1,103 25,760 660,246 786 5,95,902 773 18,125 1,080 646 FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Launched Ajmera Manhattan 2, 33Fifteen, Ajmera Solis, Vann
Slide 14: Financial Highlights - FY26
FINANCIAL HIGHLIGHTS - FY26 Total Revenue EBITDA (INR Cr) PBT (INR Cr) PAT (INR Cr) (INR Cr) EBITDA Margins (%) PBT Margins (%) PAT Margins (%) 1,098 229 306 157 246 126 167 753 33% 28% 17% 14% 22% 21% FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26 Margins (%) Strong growth in profitability FY26 13
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Slide 16: 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 17: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE 0.97 0.90 0.85 0.55 Secured Debt 0.55 0.53 737 & 786 780 793 690 662 Debt to Equity 246 442 510 Ratio 495 590 637 540 338 283 167 100 100 Sep - 23 Mar -24 Sep - 24 Mar -25 Sep - 25 Mar -26 CORPORATE DEBT (INR CR) PROJECT DEBT (INR CR) DEBT TO EQUITY RA
Slide 18: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE AVG. COST OF DEBT & REPO RATE 12.10% 11.98% 12.22% 12.20% 11.51% 11.15% 6.50% 6.50% 6.50% 6.25% 5.50% 5.25% Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26 Avg. Cost of Debt (%) Repo Rate (%) FY26 17
Slide 19: Portfolio Update & Strategy
Portfolio Update & Strategy
Slide 20: Our Portfolio
OUR PORTFOLIO 20.7 Mn sq.ft. 2.0 Mn sq.ft. 3.7 Mn sq.ft. 10.4 Mn sq.ft. 16.1 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 21: Micro Market Presence – Mumbai Metropolitan Region
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 22: 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 5.1 ELECTRONIC CITY Ajmera Iris Completed Destinations Future Launches Under Development Destinations Future Development
Slide 23: 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 FY26 22
Slide 24: Revenue Visibility - OC Received Projects
REVENUE VISIBILITY - OC RECEIVED PROJECTS Comp le tion Completion as Total Carpet Area Sales Book as on Revenue Balance Revenue Unsold Revenue as on Total2026 on 31 Mar Carpet Area Estimated Sale value Projects Ownership Sold 31 Mar 2026 Recognized Recognition Carpet Area Potential 31 Mar 2026 (Sq.f
Slide 25: 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 31 Mar 2026 Recognised Recognition Area Sale value 31 Mar 2026 (INR Cr) (INR Cr) (INR Cr) (INR Cr) (IN
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Slide 27: Ongoing Project Update
ONGOING PROJECT UPDATE Ajmera Manhattan 1 Ajmera Greenfinity Ajmera Vihara 90% 94% 81% Inventory Sold Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS CONSTRUCTION STATUS RCC - Tower A and Tower B RCC completed MEP & Rehab Building: RCC WIP Complete Finishing WIP Sale Building:
Slide 28: Ongoing Project Update
ONGOING PROJECT UPDATE Ajmera Marina Ajmera Iris 69% 88% Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS First Floor slab WIP MEP & Finishing WIP Dec’28 Dec’28 Project timelines as per RERA Project timelines as per RERA FY26 27
Slide 29: Ongoing Projects Launched in FY26
ONGOING PROJECTS LAUNCHED IN FY26 Manhattan 2 33Fifteen Solis – Phase 1 Vann by Ajmera 48% 17% 86% 3% Inventory Sold Inventory Sold Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS CONSTRUCTION STATUS CONSTRUCTION STATUS Rock anchoring and excavation Pile breaking and excavation
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Slide 31: 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% Q1 FY27 Q1 FY30 157 73,800 Q1 FY27 Subtotal 157 73,800 2 P
Slide 32: 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 39 Cr INR 27 Cr INR 1,799 Cr INR 2,243 Cr From committed From unsold inventory From committed From unsold inventory s
Slide 33: Wadala Outlook: Value Unlocking by Fast Tracking Launches
WADALA OUTLOOK: VALUE UNLOCKING BY FAST TRACKING LAUNCHES Development Carpet area ~GDV FY26 FY27 Onwards in about 4 years Category ( Lakh sq. ft.) ( INR Cr ) Manhattan 2 5.4 1,750 Balance potential to be executed in phases Boutique 6.0 1,800 office Upcoming 22.8 8,900 Boutique Office Uber Residentia
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Slide 35: Owned Landbank: Wadala Upcoming Phases
OWNED LANDBANK: WADALA UPCOMING PHASES Carpet Area Development Category (Lakh Sq. ft.) UBER RESIDENTIAL Manhattan 2 (Launched in Q2 FY26) 5.4 Boutique Office –Phase 1 9.8 MANHATTAN 1 (Launch planned in Q3 FY27) Residential MANHATTAN 2 (To be launched) 9.0 UPCOMING Boutique office - Phase 2 10.3 (To
Slide 36: 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.) Manhattan 2 5.4 100% Launched in September 2025 1,750 Upcoming Wadala (Residential & Uber 21.7 100% Phase -wise launch within 1 -
Slide 37: Own Land Bank: Kanjurmarg
OWN LAND BANK: KANJURMARG PROJECT OVERVIEW DEVELOPMENT ROADMAP Kanjurmarg FY26 FY27E FY28E APPROVALS & STRATEGIC TIE - UP LAUNCH PHASE MASTER PLANNING 7 ACRE PARCEL Strategic Tie - up Development Parcel ▪ Architect appointment ▪ Tie - up arrangement will fund land (Woods Bagot, US - conversion & ini
Slide 38: Portfolio Expansion: How We Are Scaling Up
PORTFOLIO EXPANSION HOW WE ARE SCALING UP SALES VALUE (INR Cr) Parameter Existing Future Growing Portfolio Size 2.0 msf 5.7 msf 2,200 1,701 Expanding Launch Pipeline 2.0 msf 3.7 msf * 1,017 1,080 842 Maximizing Sales Inventory INR 2,270 Cr INR 6,3 24 Cr Geographical Expansion 7 locations 12 location
Slide 39: Guidance vs Actual
GUIDANCE vs ACTUAL FY26E FY26 FY27E Sale s Guidance Sale s Value Sale s Guidance INR 1,600 Cr INR 1,701 Cr INR 2,200 Cr Project Additions Project Additions Project Additions INR 3,750 Cr INR 2,433 Cr INR 1,800 Cr Debt / Equity Debt / Equity Debt / Equity 0.85x 0.53x 1.00x Act ual G uidance FY26 38
Slide 40: 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 41: Financial Results
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Slide 42: Consolidated Financial Summary - FY26
CONSOLIDATED FINANCIAL SUMMARY - FY26 PROFIT & LOSS STATEMENT Particulars (INR Cr ) Q4 FY26 Q4 FY25 YoY Q3 FY26 QoQ FY26 FY25 YoY Total Revenue 433.9 153.7 182% 183.5 136% 1,098.0 753.1 46% Total Expenses 324.1 108.0 200% 126.6 156% 792.0 507.3 56% EBITDA 109.9 45.7 141% 57.0 93% 306.0 245.8 25% EBI
Slide 43: Consolidated Financial Summary – Balance Sheet
CONSOLIDATED FINANCIAL SUMMARY–FY26 BALANCE SHEET STATEMENT Liabilities FY26 FY25 Assets (INR Cr) FY26 FY25 Equity Share Capital 39.4 39.4 Property Plant & Equipment 63.8 35.2 Capital Work in Progress - - Other Equity 1,359.1 1,167.2 Investment Property - - Net Worth 1,398.5 1,206.5 Goodwill 42.0 41
Slide 44: Consolidated Financial Summary - Cash Flow
CONSOLIDATED FINANCIAL SUMMARY - FY26 CASH FLOW STATEMENT Particulars (INR Cr) Q4 FY26 FY26 Particulars (INR Cr) Q4 FY26 FY26 (A) Operating Inflows 316.2 1,102.7 (F) Net Financing Cashflow - 50.0 29.9 Collection 316.2 1,102.7 Loan Withdrawal/(Repayment) -16.4 76.4 Other Operating Income 0.0 0.0 Othe
Slide 45: 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 96 1,973 2,069 Value of unsold inventory 27 2,243 2,270 Balance Cost to complete - 2,391 2,391 Project Outstanding Debt 6 582 588 Estimate
Slide 46: ESG: Environment | Social | Governance
ESG ENVIRONMENT | SOCIAL | GOVERNANCE
Slide 47: 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 48: ESG: Social Initiatives
ESG: SOCIAL INITIATIVES Education Scholarship to MCHI Medical support to Sir Kikabhai Premchand Trust - Angioplasty & Bypass Surgery Medical support to Shree Swaminarayan Hospital Vadtaldham Construction of Check dam at Gondal Contribution towards Animal Welfare to Jeevdaya Ghar - Medical treatment
Slide 49: 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 50: ESG: Governance
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 52: Share Holding & Price Movement
SHARE HOLDING & PRICE MOVEMENT Shareholder Information as 50.0% SHARE PRICE PERFORMANCE on 31 March 2026 40.0% 30.0% BSE Ticher 513349 20.0% NSE Symbol AJMERA 10.0% Market Cap* (in INR Cr) 1,968 0.0% - 5% Promoter holding% 68.2% -10.0% % Free - Float 31.8% -20.0% - 21% Free - Float Market Cap* (in I
Slide 53: 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 FY26 52
Ajmera Realty & Infra India — FY2026 Earnings Presentation on 6ix