Ajmera Realty & Infra India Ltd. (ARIIL) has witnessed a remarkable 85% surge in its stock price over the past two months, hitting a new high of ₹1,120 on the BSE. This sharp rally, driven by robust business performance and a favorable market outlook, underscores the company’s strong positioning in the real estate sector.
Strong financial and operational performance
The stock’s impressive climb since October 7 comes as the company reported a stable performance for Q2FY25, with a sales value of ₹254 crore, reflecting steady market demand. Operational efficiency also improved, with collections rising 20% year-on-year (YoY) to ₹133 crore. This growth highlights ARIIL’s ability to cater to a growing customer base while maintaining operational excellence.
Projects driving growth
Ajmera Realty’s vast development potential lies in its balanced land parcels at Ajmera I-Land in Bhakti Park, Wadala, and Central Mumbai. Current projects in Mumbai, such as “Manhattan,” “Prive,” and “Eden,” along with Bengaluru ventures like “Ajmera Lugaano” and “Ajmera Florenza,” focus on luxury and mid-luxury residential segments. These projects have positioned the company to capture significant market share in key regions.
Equity raise and marquee investors
Ajmera Realty recently completed a ₹225 crore equity raise through preferential allotment, onboarding marquee investors such as Authum Investment & Infrastructure and Anchorage Capital Scheme II. On October 18, the board approved the allotment of 3.16 million equity shares at ₹711 per share, which was finalized on November 25. This capital infusion strengthens the company’s financial foundation, enabling future growth.
Festive sales boost in Bengaluru
The Bengaluru project launch saw strong festive sales, with 37% of units booked during Diwali week. Ajmera Realty is preparing to launch seven new projects with a Gross Development Value (GDV) of ₹4,270 crore, setting a promising outlook for the second half of FY25.
Catalysts for sectoral growth
Ajmera Realty’s core markets, Mumbai and Bengaluru, are experiencing a surge in real estate activity. Infrastructure developments like the Mumbai Trans Harbour Link, Atal Setu Bridge, and ongoing metro expansions are catalyzing growth in Mumbai, while Bengaluru benefits from a thriving IT sector and increasing demand for high-end residential and office spaces.
