Ajmera Realty Q4 FY26: Sales up 185%, PAT 120%

What changed for Ajmera Realty in Q4 FY26

Ajmera Realty & Infra India Ltd (NSE: AJMERA, BSE: 513349) reported a sharp year-on-year jump in consolidated revenue and profit for the quarter ended March 2026. The update stands out because the March quarter numbers show a scale-up compared with the same period last year, while other disclosed operating metrics show mixed signals on volumes. The company is primarily engaged in real estate development, with projects aimed at mid and hi-end housing segments. It also operates in hospitality and entertainment formats such as dome theatres, retail and malls, and has business exposure to renewable energy along with construction.

Stock snapshot and key ratios in focus

The stock was indicated at Rs 121.50, up Rs 2.05 or 1.72% in the cited data. Alongside price action, the dataset highlighted broad performance ratios and growth indicators: sales growth of 8.93%, ROE of 11.9%, ROCE of 13.42%, and profit growth of 30.84%. A separate note flagged a limitation that the company has shown poor revenue growth of about 9.58% over the past three years. These metrics set the context for how investors may read the Q4 FY26 jump versus longer-term growth consistency.

Consolidated Q4 FY26 results: revenue, EBITDA, and profit surge

For the March 2026 quarter, Ajmera Realty’s consolidated net sales were reported at Rs 431.13 crore, up 184.78% year-on-year from Rs 151.39 crore in March 2025. Quarterly net profit (PAT) stood at Rs 55.60 crore, rising 119.94% from Rs 25.28 crore a year earlier. EBITDA was reported at Rs 109.89 crore, up 140.67% from Rs 45.66 crore in the March 2025 quarter. The same data set also reported profit before tax (PBT) at Rs 86.94 crore in Q4 FY26, up 163% from Rs 33.04 crore in Q4 FY25.

Full-year FY26 performance: sales growth outpaced profit growth

For the year ended March 2026, sales rose 47.74% to Rs 1,090.35 crore versus Rs 738.01 crore in the previous year. Full-year net profit rose 18.93% to Rs 149.79 crore compared with Rs 125.95 crore in FY25. Full-year PBT was reported at Rs 228.85 crore versus Rs 167.09 crore, while PBDT was Rs 233.20 crore versus Rs 170.14 crore. The split between strong top-line expansion and more modest PAT growth is an important detail for readers tracking margin movement and cost lines.

Summary table: Q4 FY26 vs Q4 FY25 and FY26 vs FY25

Quarterly trend disclosed (figures in Rs crore)

A separate quarterly table (figures in Rs crore) showed net sales of 118 (Mar 2025), 162.75 (Jun 2025), 122.05 (Sep 2025), 100.85 (Dec 2025), and 313.76 (Mar 2026). Over the same periods, operating profit was listed at 44.44, 64.36, 45.57, 40.78, and 85.13 respectively. Interest was shown at 8.63, 15.91, 10.55, 10.35, and 15.82, while depreciation remained around 0.49 to 0.61. Profit before tax was listed at 36.93, 48.41, 35.66, 30.74, and 70.48 across those quarters. These numbers provide an additional view of profitability and finance costs through FY26.

Operating update: sales value, collections, and area sold

In an operational snapshot for Q4 FY26, collections were reported at Rs 316 crore, up 74% year-on-year, while carpet area sold declined 44% year-on-year to 104,742 sq ft. Separately, the company reported sales value of INR 2,700 million (Rs 270 crore) in the March 2026 quarter versus INR 2,500 million (Rs 250 crore) a year earlier. For the full year, it reported sales value of INR 17,010 million (Rs 1,701 crore) versus INR 10,800 million (Rs 1,080 crore) in the previous year, along with carpet area sold of 660,246 sq ft versus 595,902 sq ft.

9M FY26 update: revenue, EBITDA, PAT, and collections

For the nine months ended FY26 (as disclosed in the January 29, 2026 update), revenue grew 11% year-on-year to Rs 664 crore. EBITDA stood at Rs 196 crore and PAT was Rs 99 crore for 9M FY26. Sales value grew 72% year-on-year to Rs 1,431 crore and collections grew 70% year-on-year to Rs 787 crore. Sales volume for 9M FY26 was reported at 5,55,991 sq ft, up 36% year-on-year.

Shareholding and disclosed investor holding

The dataset also referenced “Super Investors” and cited Mukul Agrawal with a holding value of Rs 46.13919975 crore as of March 2026. The same section listed several other names with small holdings in tabular form, but without full context on category or percentage in the provided text. Still, the disclosure indicates that investor tracking remains part of how the stock is being monitored by market participants.

Market impact: what the numbers mean for investors

The March 2026 quarter shows a sharp year-on-year step-up in consolidated sales and profit, with net sales rising to Rs 431.13 crore and PAT at Rs 55.60 crore. At the same time, the operating metrics present a mixed picture, with higher collections but a decline in carpet area sold in Q4 FY26. Margin indicators in the provided data also show OPM moving lower year-on-year in Q4 (24.84% versus 28.64%). These details matter because real estate earnings can swing with project completions, revenue recognition, and financing costs, and investors typically compare financial results alongside collections and area sold.

Conclusion: key watchpoints after the Q4 spike

Ajmera Realty’s March 2026 quarter delivered strong year-on-year growth in consolidated net sales, EBITDA, and net profit, while FY26 sales rose to Rs 1,090.35 crore. The company has also reported higher FY26 sales value and a jump in collections, even as Q4 area sold fell year-on-year. The next set of updates investors will watch are subsequent quarterly disclosures on sales value, collections, and profitability, especially given the stated concern around slower revenue growth over the past three years.