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Real estate developer Ajmera Realty & Infra India reported a significant increase in consolidated net profit, up by 186% year-on-year to Rs 30 crore for the quarter ending in December. Sales also saw a notable rise, up by 98% year-on-year to Rs 253 crore. Collections increased by 30% compared to the previous year, reaching Rs 151 crore, attributed to strong sales and efficient project execution.
The project in Malad area of Mumbai will include component of rehousing 342 existing members of both the societies, and this redevelopment will lead to sale potential of 3.42 lakh sq ft of RERA carpet area, according to company statement
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Cafe Coffee Day: The National Company Law Appellate Tribunal has stayed the admission of Coffee Day Enterprises following a challenge by the promoter, Malavika Hedge, who argued that the default occurred during a 'calm period' amid the global pandemic in March 2020, when lenders were barred from approaching the National Company Law Tribunal.
"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.