Ajmera posts Rs 44.94 cr profit as FY27 project pipeline reaches Rs 6,508 cr
The consolidated quarter delivered a 28.79% operating margin, while interest remained the main disclosed charge below operating profit.
Filed 04 Aug 2026, 14:30 IST · AJMERA (AJMERA)
Key takeaways
- Consolidated operating margin was 28.79%, while other income of Rs 2.86 cr was not a material contributor to pre-tax profit.
- Interest of Rs 30.47 cr absorbed a significant part of operating profit, leaving consolidated net profit at Rs 44.94 cr.
- Management said it plans multiple FY27 launches across Mumbai, Bengaluru and Pune with estimated total GDV of Rs 6,508 cr.
Operating profit was the main source of reported earnings
The consolidated quarter generated Rs 44.94 cr of net profit on revenue of Rs 316.97 cr. Operating profit of Rs 91.26 cr translated into a 28.79% margin, while other income of Rs 2.86 cr was small relative to profit before tax of Rs 62.05 cr. This indicates that reported earnings were not materially supported by non-operating income.
Interest was the key charge below operating profit
Interest expense of Rs 30.47 cr was substantially larger than depreciation of Rs 1.60 cr, making financing cost the main disclosed drag between operating profit and pre-tax profit. Tax of Rs 17.11 cr represented a 27.57% tax rate, so the quarter's profit conversion also reflected the tax charge rather than a clear tax-rate benefit.
Management outlined a large FY27 development pipeline
Management said it plans multiple FY27 project launches across Mumbai, Bengaluru and Pune, with estimated total GDV of Rs 6,508 cr. The presentation flags Wadala's total development potential at 41.7 lakh sq. ft. and estimated GDV of Rs 17,841 cr. Management also said the Kanjurmarg development has an estimated timeline of approximately nine years.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹317 cr |
| Other income | ₹3 cr |
| Expenses | ₹226 cr |
| Operating profit | ₹91 cr |
| Operating margin (%) | 28.79% |
| Interest | ₹30 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹62 cr |
| Tax | ₹17 cr |
| Net profit | ₹45 cr |
| EPS (₹) | ₹2.19 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company plans to launch multiple FY27 projects across Mumbai, Bengaluru and Pune, with estimated total GDV of INR 6,508 Cr.
- The Kanjurmarg development has an estimated timeline of approximately nine years.
Expansion
- Wadala's total development potential is 41.7 lakh sq.ft., with estimated GDV of INR 17,841 Cr.
What to watch
- Whether consolidated operating margin remains above 28.79%.
- Whether interest expense stays below Rs 30.47 cr.
- Progress on the FY27 launches that management linked to estimated GDV of Rs 6,508 cr.