The real estate company used funds from its recent ₹225 crore equity offering to repay the debt ahead of schedule, which is expected to reduce interest payments and enhance the company’s returns.
Following the repayment, Ajmera Realty’s outstanding loans have decreased to ₹693 crore from ₹793 crore, as per the second quarter of the current financial year (Q2 FY25).
Ajmera Realty has been actively managing and improving its debt profile, which has contributed to the positive momentum in its share price. The company plans to utilise the funds raised to accelerate project launches and strengthen its corporate functions.
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Ajmera Realty’s growth trajectory, along with its year-on-year debt-to-equity ratio performance, reflects the company’s bullish approach towards achieving its ambitious ‘5x growth’ target.
In a statement, Dhaval Ajmera, Director of Ajmera Realty, said, “This is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce our commitment to higher growth and wealth creation for our stakeholders.”
By 2:19 PM, the stock had pared some gains, trading at ₹1,058.35, up ₹11.25 (1.07%) on the BSE. The stock has gained 141% this year and risen 140% over the last 12 months, reflecting strong investor confidence and effective debt management strategies.
(Edited by : Sheersh Kapoor)
