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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..