Ajmera Realty & Infra India Q2 FY27: revenue up 44.7% to ₹317 Cr, net profit up 55.4% to ₹49 Cr

Results · Finvezto · 3 Nov 2026 · Ajmera Realty & Infra India (AJMERA)

Results Q2 FY27, ₹ Cr

Q2 FY27 results with change on the quarter and on the year
Q2 FY27	₹ Cr	QoQ	YoY
Revenue	317	+0.0%	+44.7%
Operating profit	82	-10.6%	+40.7%
Net profit	49	+8.0%	+55.4%
Operating margin	25.7%	-3.1 pp	-0.7 pp
Net margin	15.3%	+1.1 pp	+1.1 pp

Ajmera Realty and Infra India reported Q2 FY27 total revenue of Rs 319.5 crore, up 45% year-on-year, with EBITDA rising 40% to Rs 84.1 crore and net profit increasing 55% to Rs 48.5 crore. NSE filing
Net debt decreased to Rs 646 crore with debt-to-equity improving to 0.44x, aided by collections, asset monetisation, and revenue recognition eligibility for its 33Fifteen commercial project. NSE filing
In Q2 FY27, Ajmera Realty recorded sales of INR 224 crores across 72,883 square feet, collections of INR 190 crores, total revenue of INR 320 crores, and net profit of INR 49 crores. Earnings call
The company reduced debt by INR 34 crores to INR 646 crores with debt-equity at 0.44x and weighted average cost of debt dropping below 11% to 10.75%, while Q2 EBITDA margin was 26%. Earnings call

Management on revenue visibility: In addition, our upcoming launch pipeline, which is also expected to generate about INR7,008 crores, taking our overall revenue visibility more than INR10,500 crores, which is also providing a very solid foundation for our sustained financial growth on the P&L side.
Management on cash flow potential: The estimated cash flow potential pretax post debt from ongoing projects, upcoming projects and other cash generation avenues is estimated about INR3,900-plus crores over the life cycle of the projects.
Operating margin over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26): 30.4%, 24.8%, 28.8%, 25.7%.
Net profit over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26), ₹ Cr: 28, 59, 45, 49.

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.