Shares of Ajmera Realty & Infra India Ltd declined more than 3% in trade after the company reported a weaker financial performance for the third quarter, with declines seen across profit, revenue, and operating metrics on a year-on-year basis.
For Q3, Ajmera Realty reported a net profit of ₹27.8 crore, marking a 16% decline compared with ₹33 crore posted in the same quarter last year. The drop in profitability reflects pressure on operating performance during the quarter, amid a challenging environment for the real estate sector.
Revenue for the quarter also moderated, coming in at ₹181.7 crore, down 5.8% from ₹192.8 crore in the corresponding period of the previous financial year. The lower topline suggests relatively subdued execution or slower project-related inflows during the quarter under review.
Operating performance mirrored the trend seen at the profit level. EBITDA declined 12% year-on-year to ₹55.5 crore from ₹63 crore in Q3 last year. Consequently, EBITDA margin contracted to 30.5% from 32.7% reported a year ago, indicating margin compression during the quarter.
