The company’s total consolidated income for Q2 FY25 increased by 38.30% to Rs 2.04 billion, up from Rs 1.47 billion recorded during the corresponding period of the previous fiscal.

Dhaval Ajmera, Director at Ajmera Realty, stated, "We have a strong project pipeline with seven launches planned in the second half of FY25, having a gross development value (GDV) of Rs 42.70 billion."

In the first half of FY25, Ajmera Realty achieved an 18% growth in sales value to Rs 5.6 billion, compared to Rs 4.76 billion in H1 FY24. Collections also rose by 34%, reaching Rs 2.98 billion in H1 FY25, up from Rs 2.22 billion in the same period last year.

The company recently raised Rs 2.25 billion through preferential equity allotment and completed its first private equity deal with a domestic institutional investor. (ET)