in

Ajmera Realty’s net profit up 48% to Rs 11.43 crore in Q2 FY22, Real Estate News, ET RealEstate

Ajmera Realty's net profit up 48% to Rs 11.43 crore in Q2 FY22, Real Estate News, ET RealEstate
NEW DELHI: Ajmera Realty & Infra India has reported a 48 per cent increase in its consolidated net profit for the quarter ended September 2021. Its profit after tax (PAT) stood at Rs 11.43 crore in Q2 FY22 as against Rs 7.70 crore it recorded in the corresponding quarter of the previous year, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 100.08 crore in Q2 FY22, a dip of 8 per cent from Rs 109.32 crore it registered in the similar quarter last year.

Dhaval Ajmera, director of the company said, “We are on path of debt reduction. There are launches scheduled for three new projects this year.”

A total of 1.3 million sq ft that includes the residential projects at Wadala & Ghatkopar in Mumbai and the residential-cum-commercial project at Pune are set for launch while the residential project Nucleus in Bengaluru is estimated to be completed in January 2022. The company is also in the final stages of a new acquisition in Mumbai, it said in a media release.

Follow and connect with us on , Facebook, Linkedin


What do you think?

Presented by Realty Beat

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0
HCC posts net profit of Rs 139 crore in Q2 FY22, Real Estate News, ET RealEstate

HCC posts net profit of Rs 139 crore in Q2 FY22, Real Estate News, ET RealEstate

Builder-buyer talks from Nov 15 in Greater Noida to resolve disputes, Real Estate News, ET RealEstate

Builder-buyer talks from Nov 15 in Greater Noida to resolve disputes, Real Estate News, ET RealEstate