Anant Raj Limited Earnings Summary — Q1 FY2027
Anant Raj Limited Reports Strong Q1 Growth Driven by Real Estate and Data Center Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 2.4% sequentially in Q1 FY2027.
- Revenue of ₹631 Cr is 6.6% higher year-on-year.
- Revenue has compounded at 17.1% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹150 Cr is 18.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 33.3% annualised across the period.
- Operating margin stands at 29.0% in Q1 FY2027.
- Operating margin expanded by 361 bps year-on-year.
- Over the last two years operating margin has expanded by 722 bps.
- PBT margin is 29.4%.
- Expense growth of 1.4% remained below revenue growth of 6.6%.
- Operating profit of ₹183 Cr is 21.7% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 84/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 631 | 647 | 642 | 631 | 592 | 541 | 535 | 513 | 472 | 443 |
| Expenses | Improving | 448 | 479 | 472 | 463 | 442 | 398 | 401 | 400 | 369 | 338 |
| Operating Profit | Improving | 183 | 167 | 170 | 168 | 151 | 142 | 134 | 113 | 103 | 104 |
| Operating Margin | Stable | 29.0% | 25.9% | 26.5% | 26.6% | 25.4% | 26.3% | 25.0% | 22.0% | 21.8% | 23.6% |
| Other Income | Accelerating | 19 | 29 | 19 | 10 | 10 | 10 | 9 | 11 | 10 | 11 |
| Interest | Volatile | 1 | 4 | 3 | 3 | 2 | 3 | 3 | 2 | 4 | 11 |
| Depreciation | Strong Uptrend | 16 | 17 | 13 | 11 | 8 | 9 | 8 | 8 | 5 | 5 |
| Profit Before Tax | Improving | 185 | 175 | 172 | 164 | 150 | 141 | 132 | 114 | 104 | 99 |
| Tax | Strong Uptrend | 39 | 25 | 30 | 28 | 26 | 23 | 22 | 10 | 14 | 11 |
| Net Profit | Improving | 150 | 147 | 144 | 138 | 126 | 119 | 110 | 106 | 91 | 78 |
| Net Margin | Improving | 23.7% | 22.7% | 22.5% | 21.9% | 21.3% | 21.9% | 20.6% | 20.6% | 19.3% | 17.7% |
Key Takeaways
- Consolidated Net Profit rose 18.87% YoY to ₹149.64 crores, maintaining steady growth despite a marginal seasonal dip in sequential revenue.
- The Board approved a major corporate restructuring to demerge the Data Centre and Cloud Services business into Ashok Cloud Private Limited (ACPL).
- Under the proposed scheme, Anant Raj Limited will retain a 51% stake in the new Data Centre entity, with existing shareholders receiving a 49% direct holding.
- The company successfully discharged all outstanding Non-Convertible Debentures (NCDs) by converting them into SBI term loans, resulting in zero NCD liability.
- Significant expansion into international markets with the incorporation of Anant Raj Cloud Singapore Pte. Ltd. to leverage AI and cloud infrastructure.
- Utilization of QIP proceeds reached ₹410 crores, with ₹689.99 crores remaining for further project execution and debt optimization.
- Acquisition of the remaining 25% stake in Romano Projects Private Limited was completed, making it a wholly-owned subsidiary.
Management Guidance
Management is focused on scaling its 157 MW data center pipeline and leveraging its new Singapore subsidiary to provide co-location and AI services to overseas customers. The corporate demerger is intended to unlock value by listing the high-growth Data Centre vertical separately.
Sentiment Shift
Improving
The transition toward an annuity-income model via data centers, combined with total NCD redemption and institutional funding (QIP), indicates a stronger financial foundation than in previous cycles.
Outlook
The outlook remains robust due to the ₹25,000 Cr MoU with the Haryana government for data services and the strategic pivot from legacy assets to high-tech infrastructure and luxury residential projects.
From the Annual Report (Key Quotes)
“The Company incorporated Anant Raj Cloud Singapore Pte. Ltd. to provide co-location and cloud services, including artificial intelligence (AI) services, to overseas customers.”
“The outstanding liability in respect of Non-Convertible Debentures (NCDs)... was discharged and converted into a term loan by SBI... no NCDs remained outstanding as at June 30, 2026.”
“The Scheme provides for demerger of the Data Centre and Cloud Services undertaking... on a going concern basis.”
Official Quarterly Documents
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This summary is AI-generated from Anant Raj Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.