Ajmera Realty & Infra India (ARIIL) has recorded a sales value of Rs 140 crore in Q4 FY23, an increase of 10% as compared to the Rs 128 crore in Q3 FY23. The carpet area sold by ARIIL was 69,209 Sq.ft. in Q4 FY23 which was an incremental growth of 9% from the 63,595 Sq. ft in Q3 FY23.
Robust sales and a good construction pace have resulted in firm growth of 35% YoY in collections for FY23. As per the Company, its strong cash generation will pave the way for business development prospects and debt deleveraging, thereby enhancing growth visibility.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
