Ajmera Realty Q2 FY27 Revenue Rises 45% to ₹320 Crore

Ajmera Realty & Infra India Limited reported total revenue of ₹320 crore for Q2 FY27, a 45% year-on-year increase from ₹221 crore in Q2 FY26, while profit after tax rose 55% to ₹49 crore. The performance reflects higher reported revenue and earnings for the quarter ended September 30, 2026.

What did Ajmera Realty report for Q2 FY27?

Ajmera Realty reported Q2 FY27 sales of ₹224 crore, representing 72,883 square feet of carpet area, and collections of ₹190 crore. Total revenue stood at ₹320 crore, compared with ₹221 crore in the corresponding quarter of FY26.

EBITDA increased 40% year-on-year to ₹84 crore from ₹60 crore. The EBITDA margin was 26%. Profit after tax rose to ₹49 crore from ₹31 crore a year earlier, translating into a PAT margin of 15%.

The company’s Q2 update was associated with its unaudited financial results for the quarter and half year ended September 30, 2026. Ajmera Realty held its Q2 and H1 FY27 earnings conference call on November 3, 2026.

How did Ajmera Realty perform in the first half of FY27?

Ajmera Realty reported H1 FY27 total revenue of ₹639 crore, up 33% from ₹481 crore in H1 FY26. EBITDA for the six months reached ₹178 crore, an increase of 28% from ₹139 crore in the previous-year period.

H1 FY27 PAT was ₹93 crore, up 32% from ₹71 crore in H1 FY26. The company reported an EBITDA margin of 28% and a PAT margin of 15% for the half year. These figures indicate that both operating profit and net profit expanded alongside revenue during the period.

The operational update listed H1 FY27 sales of ₹307 crore, covering 116,620 square feet of carpet area. The supplied Q2 data separately listed sales of ₹224 crore and collections of ₹190 crore. Sales, collections and recognised revenue are distinct operating and financial measures and should not be treated as interchangeable.

What drove the increase in revenue and profit?

The reported numbers show that Ajmera Realty’s revenue growth was accompanied by increases in EBITDA and PAT. Q2 revenue increased by ₹99 crore from the year-earlier level, EBITDA increased by ₹24 crore, and PAT increased by ₹18 crore.

The company’s earlier Q1 FY27 earnings call said total revenue of about ₹320 crore was driven by continued project execution. In that quarter, it reported sales of ₹146 crore, carpet area sold of more than 43,000 square feet and collections of about ₹173 crore. The Q2 update did not provide further project-specific explanations for the quarterly revenue movement.

Margins provide additional context for the reported earnings. Q2 EBITDA margin was 26%, while the H1 EBITDA margin was 28%. PAT margin was 15% in both Q2 and H1, based on the figures disclosed in the update.

What does the Q2 update mean for Ajmera Realty investors?

For investors, the key feature of the Q2 update is that revenue, EBITDA and PAT each grew at double-digit rates from Q2 FY26. The 45% rise in revenue was faster than the 40% increase in EBITDA, while PAT grew 55% year-on-year.

The update also provides operating indicators beyond recognised revenue. Q2 sales were ₹224 crore, collections were ₹190 crore, and the reported carpet area sold was 72,883 square feet. These measures help show the reported pace of bookings and cash collections, although the release does not provide comparative Q2 FY26 sales or collection figures.

Ajmera Realty had previously reported a reduction in debt during Q1 FY27. In its August 2026 earnings call, the company said debt had declined by ₹57 crore to ₹680 crore as of June 30, 2026, from ₹737 crore as of March 31, 2026. It also reported a debt-equity ratio of 0.47 times at June-end. The Q2 material provided here does not disclose an updated debt level or debt-equity ratio.

How should the reported operating metrics be read?

Ajmera Realty’s sales value, collections and total revenue describe different stages of its business activity. Sales value indicates reported bookings, collections indicate cash received, and total revenue is the financial metric reported in the quarterly results. The supplied release gives figures for each but does not provide a reconciliation among them.

The company’s Q2 and H1 results therefore offer two perspectives: financial performance through revenue and profit, and operational activity through sales, carpet area and collections. The reported data show revenue of ₹639 crore and PAT of ₹93 crore for the first half, alongside H1 sales of ₹307 crore and 116,620 square feet of carpet area.

The earnings call transcript for Q2 FY27 was listed as not yet available in the supplied material. As a result, project-level commentary, management guidance and explanations beyond the disclosed figures are not available from the provided information.

Conclusion

Ajmera Realty reported stronger year-on-year financial results in Q2 FY27, with revenue rising 45% to ₹320 crore, EBITDA increasing 40% to ₹84 crore and PAT growing 55% to ₹49 crore. For H1 FY27, revenue reached ₹639 crore and PAT reached ₹93 crore, while the company also disclosed Q2 sales of ₹224 crore and collections of ₹190 crore.

The next disclosed reference point is the availability of the Q2 FY27 earnings-call transcript or related financial filings for the quarter and half year ended September 30, 2026. Investors will be able to assess any further details on project execution, collections, sales and the company’s debt position when those disclosures are available.