Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — H1FY27 Earnings Presentation
51 slides from Ajmera Realty & Infra India's earnings presentation, Nov 3, 2026
Slide 1: Intimation to exchanges: earnings call investor presentation
Ref: SEC/ARIIL/BSE-NSE/2026-27 Date: November 03, 2026 To, To, The Manager, The Manager – Listing, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, 5th Floor, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai - 400051 Script Code
Slide 2: Earnings Presentation – H1FY27
AJMERA REALTY & INFRA INDIA LIMITED EARNINGS PRESENTATION – H1FY27 www.ajmera.com
Slide 3: Disclaimer
DISCLAIMER The information in this presentation contains certain forward - looking statements . These include statements regarding the intent, plans, objectives, goals, strategies, future events or performance, current expectations of the Company and the underlying assumptions, other than those base
Slide 4: Slide 4
Slide 5: Company Snapshot
CO MPANY SNAPSHOT 46,0 00+ 20+MSF FAMILIES Developer of townships in the micro markets of Mira Road, Possessions handed over with Andheri, Borivali and Wadala the support of a dedicated in Mumbai. workforce. TOWNSHIP DEVELOPER WORKFORCE Pin code 400+ Creator Personnel MSF – Million Square Feet on ca
Slide 6: Company Snapshot
CO MPANY SNAPSHOT INR 370 Cr INR 93 Cr 0.44x Sale s Value H 1FY27 PAT achieved for H1FY27 Debt - to - Equity Ratio as on 30 Sept 2026 2.1 MSF 10.4 MSF 3.8 MSF Ongoing Deve lopment Future development 8 Project s in Launch Pipeline potential - Owned land MSF – Million Square Feet on carpet basis H1FY2
Slide 7: Performance & Operations
PERFORM ANCE & OPERATIONS BUSINESS UPDATES
Slide 8: Key Business Highlights – H1FY27
KEY BUSINESS HIGHLIGHTS – H1FY27 1,16,620 Sq.ft INR 370 Cr INR 363 Cr INR 49 Cr SALES VOLUME SALES VALUE COLLECTIONS 60% yoy Decrease 55% yoy Decrease 20% yoy Decrease Towards Asset Monetization INR 639 Cr INR 178 Cr INR 93 Cr 33Fifteen TOTAL RE VENUE EBITD A PAT BANDRA Qualified for 33% yoy increas
Slide 9: Project Sales & Collections – Q2FY27
PROJECT SALES & COLLECTIONS – Q2FY27 Sales Volume Sales Value Units Collections Projects Location ( Sq.ft .) (INR Cr) (Nos) (INR Cr) Nucleus – Comm Bengaluru - - - 16 Greenfinity – AB Mumbai - - - 9 Manhattan 1 Mumbai 6,404 24 8 61 Prive Mumbai 1,746 9 1 4 Eden Mumbai - - - - Lugaano & Florenza Beng
Slide 10: Project Sales & Collections – H1FY27
PROJECT SALES & COLLECTIONS – H1FY27 Sales volume Sales value Units Collections Projects Location (Sq.Ft.) (INR Cr) (Nos) (INR Cr) Nucleus - Comm Bengaluru - - - 16 Greenfinity – CD Mumbai - - - - Greenfinity – AB Mumbai - - - 23 Manhattan 1 Mumbai 24,329 87 28 129 Prive Mumbai 3,835 20 2 4 Eden Mum
Slide 11: Slide 11
Slide 12: Operational Highlights – H1FY27
OPERATIONAL HIGHLIGHTS – H1FY27 Sales Value Collection Realisation Sales Volume (INR Cr) (INR Cr) (INR/ Sq.Ft .) ( Sq.Ft .) 31,689 828 454 2,93,016 363 370 28,261 1,16,620 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY27 11
Slide 13: Financial Highlights – H1FY27
FINANCIAL HIGHLIGHTS – H1FY27 Total Revenue EBITDA (INR Cr) PBT (INR Cr) PAT (INR Cr) (INR Cr) EBITDA Margins (%) PBT Margins (%) PAT Margins (%) 639 178 129 481 139 100 93 71 29% 28% 21% 20% 15% 15% H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Margins (%) H1FY27 12
Slide 14: Slide 14
Slide 15: Performance Trend
PERFORMANCE TREND SALES VALUE (INR CR) COLLECTION (INR CR) SALES VOLUME (sq. ft. Lakh) ROCE (%) 1,103 1,701 14% 13% 13% 6.6 1,017 1,080 646 5.9 570 9% 842 532 4.7 3.7 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 CAGR (3yr) – 26% CAGR (3yr) – 28% CAGR (3yr) – 21% EB
Slide 16: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE 0.85 0.55 0.55 0.53 Secured Debt & Debt 793 737 0.47 0.44 6 90 680 to Equity Ratio 662 646 510 495 590 637 630 646 283 167 100 100 50 Sep-24 Mar-25 Sep-25 Mar-26 Jun-26 Sep-26 CORPORATE DEBT PROJECT DEBT DEBT TO EQUITY (INR CR) (INR CR) RATIO (X) H1FY2
Slide 17: Continued Deleveraging & Improving Debt Profile
CONTINUED DELEVERAGING & IMPROVING DEBT PROFILE AVG. COST OF DEBT & REPO RATE 12.22% 12.20% 11.51% 11.15% 11.01% 10.75% 6.50% 6.25% 5.50% 5.25% 5.25% 5.25% Sep-24 Mar-25 Sep-25 Mar-26 Jun-26 Sep-26 Avg. Cost of Debt (%) Repo Rate (%) 16
Slide 18: Portfolio Update & Strategy
X X X X X X Portfolio UPDATE & STRATEGY
Slide 19: Our Portfolio
OUR PORTFOLIO 20.7 Mn sq.ft . 2.1 Mn sq.ft . 3.8 Mn sq.ft . 10.4 Mn sq.ft . 16.3 Mn sq.ft . COMPLETED ONGOING POTENTIAL FUTURE DEVELOPMENT TOTAL PROJECTS PROJECT LAUNCHES POTENTIAL PORTFOLIO 46,000+ 9 ONGOING 8 PROJECTS OWNED TOTAL HOMES PROJECTS IN TO BE LAUNCHED IN LAND BANK PORTFOLIO DELIVERED MU
Slide 20: Micro Market Presence
MICRO MARKET PRESENCE MUMBAI METROPOLITAN REGION BENGALURU PUNE VERSOVA YEHLANKA Vann by Ajmera VIKHROLI Ajmera Ajmera Marina BANDRA Solis 33 Fifteen BHANDUP WADALA Ajmera Vihara ELECTRONIC CITY Ajmera Iris Ajmera Ajmera Manhattan Greenfinity Under Development Destinations 1&2 Completed Destinations
Slide 21: Revenue Visibility – OC Received Projects
REVENUE VISIBILITY – OC RECEIVED PROJECTS Comp le tion Total Carpet Area Sales Book as on Revenue Balance Revenue Unsold Revenue as on Total Carpet Area Estimated Sale value Projects Ownership Sold 30 Sept 2026 Recognized Recognition Carpet Area Potential 30 Sept 2026Completion as (Sq.ft.) ( Sq.ft .
Slide 22: Revenue Visibility – Ongoing Projects
REVENUE VISIBILITY – ONGOING PROJECTS Total Total Carpet Sales Book as on Revenue Balance Revenue Unsold Carpet Estimated Completion as on Revenue Potential Projects Ownership Carpet Area Area sold 30 Sept 2026 Recognised Recognition Area Sale value 30 Sept 2026 (INR Cr) (INR Cr) (INR Cr) (INR Cr) (
Slide 23: Built on Trust
an 0 seas Mer BULT ON TRUST
Slide 24: Ongoing Projects Update
ONGOING PROJECTS UPDATE Manhattan 1 Manhattan 2 Ajmera Greenfinity 95 % 56 % 94 % Inventory Sold Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS CONSTRUCTION STATUS MEP & Finishing WIP Excavation & MEP & Finishing WIP Building Raft WIP June 2027 Nov’30 Sept’27 Project timelines
Slide 25: Ongoing Projects Update
ONGOING PROJECTS UPDATE Ajmera Vihara Solis – Phase 1 84 % 87 % Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS Rehab Building: RCC WIP Excavation & Sale Building: 13 th floor slab WIP Building Raft WIP June’29 MAY’31 Project timelines as per RERA Project timelines as per RERA
Slide 26: Ongoing Projects Update
ONGOING PROJECTS UPDATE 33Fifteen Vann by Ajmera 25 % 4% Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS Excavation WIP Shore Piling & Excavation WIP Sept’29 May’31 Project timelines as per RERA Project timelines as per RERA H1FY27 25
Slide 27: Ongoing Projects Update
ONGOING PROJECTS UPDATE Ajmera Marina Ajmera Iris 76 % 94 % Inventory Sold Inventory Sold CONSTRUCTION STATUS CONSTRUCTION STATUS 8 th Floor slab WIP MEP & Finishing WIP Dec’28 Dec’26 Project timelines as per RERA Project timelines as per RERA H1FY27 26
Slide 28: Slide 28
Slide 29: Potential Launches – FY27
POTENTIAL LAUNCHES – FY27 Estimated Estimated Project Estimated GDV Estimated Carpet Sr. No. Location Ownership (%) Launch Completion (Quarter, Year) (Quarter, Year) (INR Cr) Area (Sq.ft.) 1 Solis - Phase 2 Mumbai 100% Q3 FY27 Q1 FY30 157 73,800 2 Bengaluru North Yehlanka Bengaluru 70% Q4 FY27 Q2 FY
Slide 30: Revenue Visibility
REVENUE VISIBILITY OC Received Projects Ongoing Projects EDEN (MANHATTAN 1 & 2, 33Fifteen, SOLIS, VANN, GREENFINITY AB, VIHARA, IRIS & MARINA) INR 11 Cr INR 0 Cr INR 1,539 Cr INR 1 ,960 Cr From committed sales From unsold inventory From committed sales From unsold inventory INR 11 Cr INR 3,499 Cr En
Slide 31: Wadala Outlook: Value Unlocking by Fast Tracking Launches
WADALA OUTLOOK: VALUE UNLOCKING BY FAST TRACKING LAUNCHES FY27 FY28 Onwards in about 3 years Balance potential to be executed in phases Boutique Office Development Carpet Area GDV Ultra Luxury Phase 2 Category (Lakh sq. ft.) (INR Cr) Est. GDV: INR 4,608 Cr Est. GDV: INR 6,383 Cr Plan to Launch in Es
Slide 32: Slide 32
Slide 33: Owned Landbank: Wadala Upcoming Phases
OWNED LANDBANK: WADALA UPCOMING PHASES ONGOING & OC RECEIVED PROJECTS Inventory Projects Launch Completion GDV ( ₹ Cr) Sold Greenfinity CD 2021 Oct 2023 100% 183 ULTRA LUXURY Manhattan 1 2022 Jun 2027 95% 1,637 Greenfinity AB 2024 Sept 2027 94% 255 MANHATTAN 1 Manhattan 2 2025 Nov 2030 56% 1,870 MAN
Slide 34: Development Potential: Blueprint for Near Term Scale
DEVELOPMENT POTENTIAL : BLUEPRINT FOR NEAR TERM SCALE Estimated Estimated GDV Location Development Category Carpet Area ARIIL Stake Development Plan (INR Cr) (lakh Sq.ft .) Boutique office - Phase 1 10.3 100% To be launched in Q4FY27 4,104 Wadala Upcoming (Residential & Uber 21.6 100% Phase -wise la
Slide 35: Own Land Bank: Kanjurmarg
OWN LAND BANK: KANJURMARG PROJECT OVERVIEW DEVELOPMENT ROADMAP Kanjurmarg FY26 FY27E FY28E STRATEGIC TIE - UP 7 ACRE PARCEL LAUNCH PHASE APPROVALS & MASTER PLANNING Strategic Tie - up Development Parcel ▪ Tie - up arrangement will fund land conversion & initial Capex ▪ Architect appointment (Woods B
Slide 36: Portfolio Expansion
PORTFOLIO EXPANSION HOW WE ARE SCALING UP SALES VALUE (INR Cr) Parameter Existing Future Growing Portfolio Size 2.1 msf 5.9 msf 2,200 1,701 Expanding Launch Pipeline 2.1 msf 3.8 msf * 1,017 1,080 842 Maximizing Sales Inventory INR 1,960 Cr INR 7,008 Cr 370 Geographical Expansion 7 locations 12 locat
Slide 37: Guidance vs Actual
GUIDANCE VS ACTUAL FY26 FY27E H1FY27 Sale s Value Sale s Guidance Sale s Value INR 1,701 Cr INR 2,200 Cr INR 370 Cr Project Additions Project Additions Project Additions INR 2,433 Cr INR 1,800 Cr INR 389 Cr Debt / Equity Debt / Equity Debt / Equity 0.53x 1.00x 0.44x Act ual G uidance H1FY27 36
Slide 38: 5x Road Map - Strategy
5x ROAD MAP - STRATEGY Organic Growth Inorganic Growth Strategic Locational Robust & Responsible Strategy Strategy Advantage & Diverse Offerings Execution efficiency ▪ Unlocking potential of ▪ Expanding aggressively in ▪ Properties and land banks ▪ Operational excellence owned land bank established
Slide 39: Financial Results
: J J J a J a J a it J J a J J J J (‘grr al | “ted ad | whale oh _— = Eee RSE > a ee ee. EEE eS
Slide 40: Consolidated Financial Summary – Q2 & H1FY27
CONSOLIDATED FINANCIAL SUMMARY – Q2 & H1FY27 PROFIT & LOSS STATEMENT Particulars (INR Cr ) Q2FY27 Q2FY26 YoY Q1FY27 QoQ H1FY27 H1FY26 YoY Total Revenue 319.5 221.0 45% 319.5 0% 639.0 480.5 33% Total Expenses 235.4 161.1 46% 225.7 4% 461.1 341.3 35% EBITDA 84.1 59.9 40% 93.8 -10% 177.9 139.2 28% EBIT
Slide 41: Consolidated Financial Summary – H1FY27
CONSOLIDATED FINANCIAL SUMMARY – H1FY27 BALANCE SHEET STATEMENT Liabilities H1FY27 FY26 Assets (INR Cr) H1FY27 FY26 39.4 Property Plant & Equipment 69.3 63.8 Equity Share Capital 39.4 Capital Work in Progress - - Other Equity 1,427.5 1,359.1 Investment Property - - Net Worth 1,466.9 1,398.5 Goodwill
Slide 42: Consolidated Financial Summary – Q2FY27
CONSOLIDATED FINANCIAL SUMMARY – Q2FY27 CASH FLOW STATEMENT Particulars (INR Cr) Q2FY27 H1FY27 Particulars (INR Cr) Q2FY27 H1FY27 (A) Operating Inflows 190.3 409.1 (F) Net Financing Cashflow 28.1 8.8 Collection 190.3 363.1 Loan Withdrawal/(Repayment) -34.5 -91.9 Other Operating Income 0.0 46.0 Other
Slide 43: Cash Flow Potential
CASH FLOW POTENTIAL Parameters Completed Projects Ongoing Projects Total (pre - tax & post - debt) (INR Cr) (INR Cr) (INR Cr) Balance receivables from sold units 84 1,990 2,074 Value of unsold inventory 2 1,960 1,962 Balance Cost to complete - 1,977 1,977 Project Outstanding Debt 3 597 600 Estimated
Slide 44: ESG
ESG ENVIRONMENT | SOCIAL | GOVERNANCE
Slide 45: ESG: Environmental Initiatives
ESG: ENVIRONMENTAL INITIATIVES INCORPORATE GREEN BUILDINGS STANDARDSLIKE IGBCCERTIFICATION PARTNERED WITH WASTE USE LOW EMISSION MANAGEMENT COMPANIES TO ENSURE PROVIDE ENERGY - EFFICIENT CONSTRUCTION MACHINERY PROPER DISPOSAL AND RECYCLING OF LIGHTING AND HVAC SYSTEMS AND EQUIPMENTS MATERIALS. REDUC
Slide 46: ESG: Social Initiatives
ESG: SOCIAL INITIATIVES Bhavyata Foundation Tree Plantation at Mayawaki Forest, Kalina, Maintenance Charges SSAT Sir Kikabhai Premchnd Trust –Angioplasty & Bypass Surgery Shree Saurashtra Dasha Shrimali Seva Sangh Financial assistance for Education Sponshirship to needy H1FY27 45
Slide 47: ESG: Governance
ESG:GOVERNANCE SOME OF OUR POLICIES FOR EFFECTIVE GOVERNANCE Board consists ERP platform for supply of professionals chain management SEBI Compliant, Regular Insurance renewals with and timely disclosures regular health checkups Structured digital database online portal to curb trading with UPSI fro
Slide 48: ESG: Governance
ESG:GOVERNANCE SOME OF OUR POLICIES FOR EFFECTIVE GOVERNANCE Code of Insider Trading Policy Code of conduct Policy on Preservation of Documents Whistle Blower Policy Archival Policy Nomination and Remuneration Policy Dividend Distribution Policy Risk Management Policy Board diversity policy Policy o
Slide 49: z ae
eb z ae gy Er |B Tm ld |e 1 am ea wink ‘nie ED) ) ] vet |) VPRSAE AR) | CERES | PERLE
Slide 50: Share Holding & Price Movement
SHARE HOLDING & PRICE MOVEMENT Shareholder Information as on 30 Sept 2026 20.0% BSE Ticher 513349 SHARE PRICE PERFORMANCE 10.0% NSE Symbol AJMERA Market Cap* (in INR Cr) 2,324 0.0% -3% Promoter holding% 68.6% -10.0% -10% % Free - Float 31.4% -20.0% Free - Float Market Cap* (in INR Cr) 730 -30.0% Sha
Slide 51: Thank You
THANK YOU AJMERA REALTY & INFRA INDIA LIMITED E - mail: [email protected] | Website: www.ajmera.com CIN No.: L27104MH1985PLC035659 Registered Office: Ajmera Realty & Infra India Ltd, 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 H1FY27 50
Ajmera Realty & Infra India — H1FY27 Earnings Presentation on 6ix