Ajmera Realty Shares Gain After Sales Jumps 36% In Q1

Shares of Ajmera Realty and Infra India Ltd. gained nearly 8% on Monday after the company's sales surged in the first quarter.

The company's sales surged 36% year-on-year to Rs 306 crore in the quarter ended June 30, according to an exchange filing. This was due to the recently launched project Ajmera Vihara at Bhandup, which sold 27% of inventory upon launch, according to the filing.

Ajmera Greenfinity AB sales momentum continued, with 38% of inventory sold in less than two quarters of its launch period. The company's total sales area stood at 1,30,801 square feet.

The luxury and mid-luxury residential developer reported collections worth Rs 165 crores, up by 49% on a YoY basis. In the same quarter in fiscal 2024, the company reported collections worth Rs 110 crore.

Shares of Ajmera Realty closed 3.26% higher at Rs 748 apiece, as compared with a 0.01% decline in the NSE Nifty 50.