Collections Soar, Sales Snore: Ajmera Realty’s Q1 a Tale of Two Halves

Ajmera Realty & Infra India Ltd. has reported a mixed bag of results for the first quarter of FY26, with collections soaring 42% year-on-year to ₹234 crore, even as sales value plunged by 65% to ₹108 crore. The company attributes the strong collections to efficient cash flow management and operational execution, while the sales slump is linked to sector-wide regulatory delays and lower project inventory.

 

Key Highlights

Collections Surge: Q1 FY26 collections reached ₹234 crore, up 42% from ₹165 crore in Q1 FY25, and up 29% sequentially from ₹182 crore in Q4 FY25.

 

Sales Value Drops: Sales value fell sharply to ₹108 crore, down 65% year-on-year from ₹306 crore in Q1 FY25 and 57% lower than ₹250 crore in Q4 FY25.

 

Carpet Area Sold: Only 63,244 sq. ft. was sold in Q1 FY26, a 52% decline from 1,30,801 sq. ft. in the same period last year.

 

Reason for Sales Decline: The company cited regulatory approval delays for new launches and depleted inventory in ongoing projects as key factors behind the sales drop.

 

Management Outlook: Director Dhaval Ajmera acknowledged the dual nature of the quarter, highlighting the robust collections as a sign of operational strength, while expressing optimism about overcoming regulatory hurdles and accelerating project launches in the coming months.

 

Strategic Focus: Ajmera Realty aims to deliver approximately 1,000 homes by the second half of FY26, with fast-tracked execution across six residential projects in Mumbai and Bengaluru.

 

Sector Context: The Indian real estate sector continues to face regulatory headwinds, impacting project launches and new sales, but Ajmera’s strong collection performance signals healthy demand and project execution.

 

“Our Q1 FY26 results reflect both strengths and sector-wide regulatory challenges. We remain optimistic about accelerating project launches soon,” said Dhaval Ajmera, Director – Corporate Affairs.

 

Source: Moneycontrol, July 11, 2025