Ajmera Realty climbs on reporting 98% growth in sales value during Q3 FY24
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Ajmera Realty & Infra India is currently trading at Rs. 501.20, up by 29.50 points or 6.25% from its previous closing of Rs. 471.70 on the BSE.
The scrip opened at Rs. 471.75 and has touched a high and low of Rs. 521.00 and Rs. 471.75 respectively. So far 32345 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 521.00 on 11-Jan-2024 and a 52 week low of Rs. 244.35 on 14-Feb-2023.
Last one week high and low of the scrip stood at Rs. 521.00 and Rs. 454.25 respectively. The current market cap of the company is Rs. 1788.97 crore.
The promoters holding in the company stood at 69.73%, while Institutions and Non-Institutions held 1.64% and 28.63% respectively.
Ajmera Realty & Infra India (ARIIL) has reported robust growth in Q3 FY24 with a significant 63% YoY increase in sales area, which totals 1,03,573 sq.ft as against 63,595 sq.ft in Q3 FY23 and an equivalent sales value of Rs 253 crore in Q3 FY24 as against Rs 128 crore in Q3 FY23, up by 98%.
Despite limited inventory, ARIIL's overall project performance remains strong. The 98% YoY growth in sales value came on the back of sustained interest in its key projects, Ajmera Manhattan and Ajmera Eden in Mumbai, as well as its projects in Bengaluru.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc
