Ajmera Realty & Infra India Ltd on Thursday, November 6, announced that the board of the company has approved a stock split, alongside its March quarter results.

The board has approved the stock split in the ratio of 1:5, which means that one equity share of the company, which currently carries a face value of ₹10, will now turn into five equity shares with a face value of ₹2 each.

Record date for the said stock split will be intimated in due course, the company said in a regulatory filing.

Ajmera Realty reported a 14% year-on-year decline in its consolidated net profit to ₹30.4 crore for the September quarter, compared to ₹35.3 crore in the same period last year.

Revenue, however, rose 10% to ₹219 crore from ₹199 crore a year ago, led by steady project execution.

Operating performanc

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