Shares of Ajmera Realty & Infra Ltd gained over 5% on Wednesday, October 9, after the company posted robust growth in its collections for the September quarter. NSE The company’s collections for the September quarter grew by 20% to ₹133 crore compared to ₹111 crore in the previous year. Sequentially, however, Ajmera Realty’s collections fell by 20% from ₹165 crore in the first quarter of this fiscal.
The realty company’s collections for the first half of this financial year increased to ₹298 crore from ₹222 crore in the year-ago period, indicating a 34% growth. Ajmera Realty said the rise in collections indicated improved operational efficiency and strong customer demand. The realty company’s sales value for the second quarter increased by 1% to ₹254 crore compared to ₹254 crore last year.
Its sales value for fell by 17% from the first quarter's ₹306 crore. The company’s sales value grew by 18% year-on-year in the first half of this fiscal and stood at ₹560 crore compared to ₹476 crore in the previous year. Ajmera Realty said its performance remained stable during the September quarter as the sales value reflected a sustained market demand.
The company added that contributions to its sales value came from across the portfolio with luxury offerings such as Ajmera Manhattan and Ajmera Prive receiving a robust response, highlighting a strong interest in premium properties. In the second quarter, the carpet area sold by realty major fell by 6% (YoY) .