Ajmera Realty (ARII) delivered solid Q1 FY27: Revenue at INR320 Cr (+23% YoY), EBITDA INR94 Cr (+18% YoY), and PAT INR45 Cr (+14% YoY). Sales value touched INR146 Cr with collections of INR173 Cr.

Debt reduced to INR680 Cr, lowering debt-equity to 0.47x. Management remains optimistic on real estate fundamentals, viewing Q1's softer sales as seasonal.

Projects like Ajmera Manhattan 1 (93% sold) and Ajmera Solis (86% sold) advance well.

Kanjurmarg land conversion is key to a strategic tie-up.

A massive INR21,000 Cr GDV pipeline, including a large Wadala commercial launch, positions ARII for sustained growth and cash flow generation.