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Home Market Research Business

330% returns in 3 years: Mukul Agrawal-backed multibagger Ajmera Realty declares 1:5 stock split

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
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330% returns in 3 years: Mukul Agrawal-backed multibagger Ajmera Realty declares 1:5 stock split
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Mukul Agrawal-backed Ajmera Realty & Infra India announced a 1:5 stock split on Thursday, where each share with a face value of Rs 10 will be subdivided into five equity shares with a face value of Rs 2 apiece. The company will announce the record date in due course.

The Ajmera Realty & Infra stock has been a multibagger with stellar returns of 336% over the past three years, which is a significant outperformance over benchmarks BSE Sensex and Nifty with returns of 37% and 41%, respectively.

The stock split announcement was made along with the company’s September quarter earnings, where the company reported a 14% decline in its profit after tax at Rs 30 crore versus Rs 35 crore in the year-ago period. The net profit fell 21% on a sequential basis compared to Rs 38 crore in Q1FY26.

The revenue from operations increased by nearly 10% to Rs 219 crore in the quarter under review compared to Rs 200 crore in the year-ago period. However, the topline fell 15% on a quarter-on-quarter basis versus Rs 258 crore in the April-June quarter of FY26.

The total expenses incurred by Ajmera Realty in Q2FY26 stood at Rs 179 crore, down from Rs 202 crore in Q1FY26 and up from Rs 158 crore in the corresponding quarter of the previous financial year. The expenses included construction-related costs, finance costs and expenses made on employee benefits.

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On a standalone basis, the PAT stood at Rs 26.19 crore in Q2FY26 versus Rs 33.62 crore in Q1FY26 and Rs 27.59 crore in Q2FY25. The bottom line is down 22% on a QoQ basis and down 5% on a YoY basis.Also Read: Redington shares soar 14% as Q2 profit jumps 32% YoY to Rs 388 crore; revenue up 17%The earnings were announced during market hours, and its shares hit the day’s low of Rs 1,003 on the NSE, falling by over 4% in intraday trade.Ajmera Realty & Infra is a smallcap stock with a market capitalisation of Rs 4,038.25 crore.

The stock is trading above its 50-day and 200-day simple moving averages of Rs 1,000 and Rs 908, according to Trendlyne data.

The stock has been a consistent market performer, rewarding investors handsomely. Its 5-year returns are at 1,052%.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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Tags: AgrawalbackedAjmeradeclaresMukulmultibaggerRealtyReturnsSplitstockYears
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