Ajmera Realty closed FY26 with record pre-sales and stronger cash flows, signalling steady demand for branded residential projects in Mumbai. The year saw new launches driving 82% of total sales value, with collections improving on the back of faster receivables and execution across ongoing sites. For developers and planners, the numbers reflect buyer confidence in projects that balance design, location, and delivery timelines.
Ajmera Realty & Infra India Ltd. reported revenue of Rs 1,098 crore for the year ended March 31, 2026, up 46% from the previous year. Sales value reached Rs 1,701 crore, a 57% increase, while collections rose 71% to Rs 1,103 crore. Sales volume stood at 6,60,246 square feet, growing 11%. Earnings Before Interest, Taxes, Depreciation and Amortization was Rs 306 crore and Profit After Tax came in at Rs 157 crore. The debt-to-equity ratio improved to 0.53x, giving the company headroom to fund its next phase of projects.
ย Over the last five years the company has scaled significantly. Net profit has grown 5.1 times at a 38% Compound Annual Growth Rate since FY21, with revenue and Earnings Before Interest, Taxes, Depreciation and Amortization up 3.1 times and 3.0 times respectively. The balance sheet was deleveraged from 1.13x to 0.53x in the same period. This financial discipline supports larger project rollouts without stretching capital structure, an approach that matters when land, approvals, and construction costs are all moving up.
Looking ahead, Ajmera Realty has added five asset-light projects with an estimated Gross Development Value of Rs 2,433 crore. The near-term plan is anchored by unlocking the Wadala land bank and a FY27 launch pipeline that together represent a Rs 24,918 crore opportunity. Wadalaโs location along the Eastern Freeway, Monorail, and upcoming Metro corridors positions it as a transit-oriented node for mid-premium housing and mixed-use communities.
The company has set a FY27 pre-sales target of Rs 2,200 crore, building on the FY26 base. The management has outlined a focus on robust and responsible execution, expanding in strategic micro-markets, and maintaining construction quality across structure, Mechanical Electrical Plumbing, and facade. Collection efficiency improved to 65% from 60% in FY25, which helps with contractor payments, material procurement, and site progress without delays.
For the built environment, the FY26 numbers show how strong receivables and low leverage can support large-format residential delivery. The shift toward joint ventures and development management models is helping the company scale while keeping risk measured. Steady value from the sustenance portfolio adds predictability to cash flows, which in turn funds better design, green building features, and upgraded amenities that buyers now expect.
With collections crossing Rs 1,100 crore and leverage well below earlier guidance, Ajmera Realty enters FY27 with capital flexibility to advance Wadala and its new launches. The 11% rise in sales volume points to healthy absorption where unit planning, light, ventilation, and community infrastructure drive purchase decisions. As Mumbaiโs housing cycle progresses, developers with land in infra-linked locations and a track record of execution are set to lead the next phase of urban residential growth.
