Q4 Results 2022: Ajmera Realty consolidated PAT up 12%; APM Terminals Pipavav net up 10%

Q4 Results 2022: Listed companies Ajmera Realty & Infra India reported a 12 per cent jump in its consolidated Profit After Tax (PAT) at Rs 14.01 cr while APM Terminals Pipavav's net profits were up 10 per cent. The results were announced on Thrsday. Here are key highlights of the results.

Ajmera Realty Q4 results 2022: profit at Rs 14 cr; revenue jumps over two folds to Rs 184 cr

Ajmera Realty & Infra India on Thursday reported 12 per cent increase in consolidated net profit at Rs 14.01 crore for the quarter ended March 2022.

Its net profit stood at Rs 12.48 crore in the year-ago period.

Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing.

Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21.

Total income surged to Rs 489.11 crore in 2021-22 from Rs 351.79 crore in the previous year.

Dhaval Ajmera, Director Ajmera Realty & Infra India said: "India's real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years."

Ajmera Realty shares today ended at Rs 293.50 on the NSE on Thursday, and were up over 2 per cent on from the previous closing price. 

The results were announced during the market hours.

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APM Terminals Pipavav Q4 results 2022: net up 10% at Rs 72 cr

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Thursday reported a 10 per cent rise in net profit at Rs 72.4 crore for the quarter ended March 31, 2022.

The private port operator had recorded a net profit of Rs 65.4 crore in the corresponding quarter of fiscal year ended March 2021, according to a company statement.

Revenue from operations in the quarter under review stood at Rs 220.07 crore, a growth of 13 per cent, over Rs 193.4 crore clocked during the March quarter of FY 2020-21, it said.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4FY22 was at Rs 129 crore, up 12 per cent, as compared to Rs 115.6 crore in the same period of FY21, it stated.

The net profit for the full-fiscal 2021-22, however, declined 11 per cent to Rs 193.6 crore against Rs 218.10 crore in FY21.

Revenue from operations during the year stood at Rs 743.5 crore, logging a 1 per cent growth over FY21.

The container cargo business for the year stood at 628,000 TEUs, while the bulk business was 4.19-million MT, it said.

The liquid business from the port was recorded at 0.81-million MT, the release said, adding that during the period the port also handled 23,874 cars under the RoRo category.

RoRo is short for 'Roll-on, Roll-off', which describes how products are loaded and discharged from a vessel.

It also said that the APM Terminals Pipavav became the first Indian port connected to the Dedicated Freight Corridor (DFC), the country's high-speed and high-capacity railway corridor dedicated exclusively for freight movement.

Besides, the Port also secured new services, expanding its footprint in the global markets and the port handled 77 export double stack trains originating from the North West hinterland of India in March 2022, which is the highest ever inward trains managed at the port in a month. 

APM Terminals Pipavav shares (Gujarat Pipavav Port shares) today ended at Rs 85.45 on the NSE and were up 1.5 per cent from the Wednesday closing price.