Ajmera Realty Q1 sales down 44% on year

10 Jul 2023 CW Team

Realty developer Ajmera Realty & Infra India has reported 44% on-year decline and 60% sequential rise in sales value at Rs 225 crore for the quarter ended June. The listed company sold over 1.35 lakh sq ft carpet area during the quarter, down 14% from a year ago and up 96% from the previous quarter.

According to the company, the year-on-year comparisons are not comparable due to a massive sales launch of one of its projects, Manhattan, last year.

During the June quarter, the sales growth was driven by the implementation of a revamped sales strategy for its projects in Bangalore. Additionally, the successful launch sales of Ajmera Eden that commenced last month, recording 14$ of its sales potential, contributed significantly to the sales growth.

“Our performance aligns seamlessly with our 5x growth strategy, demonstrating our commitment to driving substantial growth and creating lasting value. Looking ahead, we are highly optimistic about the favorable market conditions in the real estate sector,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.

According to him, with stabilising interest rates, the company is witnessing a notable upturn in customer sentiment and a strong inclination to purchase from established brands.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..