Ajmera Realty Reports 46% Revenue Growth in FY26
The company’s EBITDA increased 25% YoY to Rs 306 crore, while profit after tax (PAT) grew 24% to Rs 157 crore.
Ajmera Realty also reported a 57% rise in sales value to Rs 1,701 crore, driven by strong demand across new project launches. Collections during the year increased 71% YoY to Rs 1,103 crore, reflecting improved execution and cash flow visibility. Sales volume for the year grew 11% to 6,60,246 sq ft. The company maintained financial discipline with a debt-to-equity ratio of 0.53x.
Commenting on the Q4 & FY26 performance, Mr. Dhaval Ajmera, Director - Corporate Affairs said: “The past five years have been truly transformative for our company. Since FY21, we have achieved a staggering 5.1x increase in Net Profit (a 38% CAGR), alongside a 3.1x surge in Revenue and 3.0x in EBITDA. Most importantly, we delivered this aggressive top-line growth & profitability while maintaining strict financial discipline—successfully deleveraging our balance sheet to reduce our Debt-to-Equity ratio to a highly resilient 0.53x from 1.13x in FY21.
FY26 stands as a landmark year for Ajmera Realty, defined by record-breaking operational excellence and the decisive execution of our growth strategy. We have outperformed our annual sales guidance to achieve a historic pre-sales value of INR 1,701 Cr, representing a strong growth of 57% YoY. This momentum was fueled by an overwhelming market response to our new launches, which contributed a staggering 82% of our total sales value. Furthermore, our focus on high-quality receivables led to a 71% YoY growth in collections, setting a new operational benchmark at INR 1,103 Cr.
Our revenue grew significantly by 46% to INR 1,098 crore YoY in FY26, while our EBITDA and PAT grew by 25% and 24% on YoY respectively. A cornerstone of this year’s success was our commitment to financial prudence and superior cash flow management. Our collection efficiency improved to 65%, up from 60% in FY25, providing the liquidity to significantly outperform our leverage targets. As a result, we achieved a Debt-to-Equity ratio of 0.53x, well below our annual guidance of 0.85x. This disciplined capital structure further strengthens our balance sheet and provides the requisite capital agility to fund our expansion sustainably.
Looking ahead, we have bolstered our 5x growth engine by adding 5 strategic, asset-light projects with an estimated GDV of INR 2,433 Cr. Despite the exceptionally high base of FY26, we have set an ambitious FY27 pre-sales target of INR 2,200 Cr - a testament to our confidence in the market and our execution capabilities. Our near-term growth will be spearheaded by the unlocking of our Wadala land bank potential alongside a robust launch pipeline for FY27, representing a collective GDV opportunity of INR 24,918 Cr and complemented by steady value realization from our sustenance portfolio. Our core philosophy remains anchored in ‘Robust & Responsible Execution’ and expanding our footprint in strategic micro-markets to deliver sustained value to our stakeholders”.
Published on:
26 May 2026
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