|
||
Ajmera Realty and Infra India Ltd. Announces its Q4 FY 2021 and FY 2021 ResultCompany records pre-COVID figures across all key financial parameters | ||
Mumbai, Maharashtra, India Key Highlights:
Ajmera Realty and Infra India Ltd. (BSE: 513349 & NSE: AJMERA) a leading real estate company with PAN India and International presence announced its Q4 FY 21 & FY 21 reporting strong growth numbers.
For the FY 2021, the company has reported substantial growth in value of sales enhancing Company’s liquidity position. The increase is the result of ready to move in homes with OC coupled with stamp duty concession and record low housing loan interest rate. The key regions of Mumbai, Bengaluru and Ahmedabad reported healthy numbers defying the industry challenges faced by the pandemic affected world.
Despite COVID-19 challenges during the entire financial year, Company has been able to achieve similar performance on key financial parameters for FY 21:
Company’s total debt for the FY 2021 has reduced significantly ahead of its repayment schedule due to sales collection on robust sales.
The company’s financial performance when viewed considering the two lockdowns and registering pre-COVID revenue levels with a strong cash flow, stands apart and augers well for an accelerated growth trajectory entering new fiscal FY 22.
Mr. Dhaval Ajmera, Director - Ajmera Realty and Infra India Limited
Commenting on the Q4 FY 21 & FY 21 performance, Mr. Dhaval Ajmera, Director - Ajmera Realty and Infra India Limited said, “The result highlights robustness of our business model to sustain profitability even at difficult times and scale through unprecedented event such as COVID-19 and subsequent lockdowns. Despite the challenging scenario, we have been able to register growth in sales value and number of units sold during the year. We shall continue our endeavor towards creating value for all stakeholders and initiating measures for the safety of all our employees and their families.”
Update on Recent Development Ajmera Realty and Infra India Limited (“ARIIL”/“the Company”) has proposed demerger of 6.5 acres of commercial undertaking project at Ajmera i-land, Bhakti Park, Wadala from ARIIL into its wholly owned subsidiary viz. Radha Raman Dev Ventures Private Limited (“RRDVPL”/“the subsidiary Company”). The said proposal is pending for NCLT approval. Resulting, the Commercial undertaking project shall be identifiable for attracting prospective investor/strategic partners to participate in the project.
CSR Initiatives During the current quarter, the company has contributed Rs. 1.29 crores towards CSR expenses for promoting healthcare, providing medical aid, creating education infrastructure for underprivileged kids and contributing towards setting up of bed facilities, oxygen cylinders and food facilities across COVID Centre located in Mumbai.
The CSR contributions are made through registered Public Trusts.
About Ajmera Realty and Infra India Limited Ajmera Realty and Infra India Limited (ARIIL) is one of the trusted names having its PAN India presence along with international presence in locations viz. Bahrain and London. The Company has a huge development potential available on its balance land parcel at Ajmera i-Land, Bhakti Park, Wadala. Current projects are at Mumbai: “AEON “,“ZEON”, and “TREON” along with various projects at Bengaluru: “Ajmera Lugaano” and “Nucleus”, Ahmedabad: “Casa Vyoma”, “Enigma”. The Company is focused on premium developments in luxury and mid-luxury projects in residential segment. The Group works on Trust and delivers the trusted decisions of buyers. The GenNext of the Group believes in “KEEP EVOLVING” and accordingly the strategies, systems, processes, planning and use of cutting-edge technologies has been resorted to enable the Company to deliver targeted value to all its stakeholders.
DISCLAIMER: Certain statements in this document may be forward-looking statements. Such forward looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Ajmera Realty and Infra India Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
For more details on Ajmera Realty and Infra India Ltd., please visit www.aril.co.in. |
||
Media Contact Details
Mr. Abhishek Chawande
Adfactors PR abhishek.chawande@adfactorspr.com |
||
|
|||||
| |||||