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Ajmera Realty reports 54% rise in Q4 net profit

Ajmera Realty & Infra India has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a rise of 53.83% in its net profit at Rs 24.09 crore for the quarter ended March 31, 2017 as compared to Rs 15.66 crore for the same quarter in the previous year. Total income of the company increased by 26.70% at Rs 94.42 crore for quarter under review as compared to Rs 74.52 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 79.58% in its net profit at Rs 60.95 crore as compared to Rs 33.94 crore in FY16. Total income of company increased by 19.51% at Rs 265.73 crore for year under review as compared to Rs 222.35 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 52.29% in its net profit after tax, minority interest and share of profit of associates at Rs 64.60 crore as compared to Rs 42.42 crore in FY16. However, total income of company decreased by 11.42% at Rs 291.74 crore for year under review as compared to Rs 329.36 crore for the year ended March 31, 2016.

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