Ajmera Realty & Infra India announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live News

Net profit of Ajmera Realty & Infra India rose 90.40% to Rs 28.77 crore in the quarter ended March 2024 as against Rs 15.11 crore during the previous quarter ended March 2023. Sales rose 102.89% to Rs 231.80 crore in the quarter ended March 2024 as against Rs 114.25 crore during the previous quarter ended March 2023.For the full year,net profit rose 43.83% to Rs 102.84 crore in the year ended March 2024 as against Rs 71.50 crore during the previous year ended March 2023. Sales rose 62.37% to Rs 699.96 crore in the year ended March 2024 as against Rs 431.10 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales231.80114.25 103 699.96431.10 62 OPM %28.5927.15 -28.7428.86 - PBDT40.2319.88 102 140.5297.69 44 PBT39.7819.43 105 138.8196.19 44 NP28.7715.11 90 102.8471.50 44 Powered by Capital Market - Live News

Ajmera Realty & Infra India announced that the Board of Directors of the Company at its meeting held on 09 May 2024, has recommended a Final dividend of Rs.4 per share (i.e.40%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News

Ajmera Realty & Infra India has successfully secured credit facilities totaling Rs 500 crore from two leading financial institutions: Standard Chartered Bank and ICICI Bank. These funds will be utilized for the execution of Ajmera Manhattan, a luxurious residential project situated in Wadala, Mumbai. Additionally, a portion of the funds amounting to Rs 200 crore has been utilized towards the partial prepayment of the GCP loan availed from HDFC Bank.The estimated project completion costs are well-covered by pre-sales balance receivables. Through this structured deal, the company has advanced the partial prepayment of the GCP loan ahead of its schedule. Consequently, the project loan repayment is expected to align more closely with project cash flows. Importantly, the Company has secured this deal at a lower cost of funds compared to prevailing rates with the existing lender.Powered by Capital Market - Live News