Ajmera Realty & Infra India has successfully secured credit facilities totaling Rs 500 crore from two leading financial institutions: Standard Chartered Bank and ICICI Bank. These funds will be utilized for the execution of Ajmera Manhattan, a luxurious residential project situated in Wadala, Mumbai. Additionally, a portion of the funds amounting to Rs 200 crore has been utilized towards the partial prepayment of the GCP loan availed from HDFC Bank.The estimated project completion costs are well-covered by pre-sales balance receivables. Through this structured deal, the company has advanced the partial prepayment of the GCP loan ahead of its schedule. Consequently, the project loan repayment is expected to align more closely with project cash flows. Importantly, the Company has secured this deal at a lower cost of funds compared to prevailing rates with the existing lender.Powered by Capital Market - Live News

Net profit of Ajmera Realty & Infra India rose 186.47% to Rs 30.48 crore in the quarter ended December 2023 as against Rs 10.64 crore during the previous quarter ended December 2022. Sales rose 161.50% to Rs 206.77 crore in the quarter ended December 2023 as against Rs 79.07 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales206.7779.07 162 OPM %29.0027.76 - PBDT41.2615.72 162 PBT40.6015.42 163 NP30.4810.64 186 Powered by Capital Market - Live News

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 6 February 2024.Powered by Capital Market - Live News

Net profit of Ajmera Realty & Infra India declined 34.08% to Rs 22.53 crore in the quarter ended September 2023 as against Rs 34.18 crore during the previous quarter ended September 2022. Sales declined 21.64% to Rs 145.34 crore in the quarter ended September 2023 as against Rs 185.47 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales145.34185.47 -22 OPM %25.9530.20 - PBDT29.5846.29 -36 PBT29.2745.85 -36 NP22.5334.18 -34 Powered by Capital Market - Live News

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 1 November 2023.Powered by Capital Market - Live News